Cap Space Update Good News for Giants

On Wednesday, the Giants got good news after a recent NFL cap space update.

The league released the following memo, letting teams know that the cap would increase in 2025.

“As you know, the 2024 Player Cost and Salary Cap amount was reduced by $10 million per club, due to a $9 million smoothing adjustment and an incremental $1 million being added to Performance Based Pay. The parties agreed that the NFLPA would have the unilateral right to recover up to 50% of the $9 million deferral in the 2025 League Year, with any remaining amount being recovered in the 2026 League Year.

“We presented a range of options to the NFL Players Association in December; however, we still have not been advised on how the Union plans to reinstate the deferral for the 2025 League Year. We expect to conclude negotiations over the 2025 Player Cost and Salary Cap amount next week but can provide a projected Salary Cap range of $277.5 - $281.5 million per Club that can be used in your planning leading into the Combine.

“Keep in mind that this range is subject to change based on further negotiations with the NFL Players Association.”

This will represent an increase of at least $22 million from 2024.

Of course, New York won’t necessarily benefit more than other teams, at least directly, from this update. But in an offseason where Schoen’s limited job security demands he spends big, it’s nice to have the extra breathing room.

According to Over the Cap, the Giants have $48.39 million in cap space for the upcoming offseason, which ranks 14th in the NFL.