Giants just made telling move that signals a major trade could be coming soon for New York

Giants increase cap space by restructuring two veterans' contracts

This offseason, the Giants were big spenders when they added safety Jevon Holland and cornerback Paulson Adebo. Holland's current cap hit is $9.9 million, and Adebo's is $11.7 million per Over the Cap.

Before the move, the Giants had less than $1 million in available space to make any significant moves. With the NFL trade deadline approaching on November 3rd, a move like this often indicates a team is attempting to create space to make a trade.

If the Giants were to trade for a veteran with a sizeable contract, they would possibly need to make more contract adjustments to create the necessary space. A commonly projected name for the Giants to trade for is Las Vegas Raiders WR Jakobi Meyers, who currently has a $14.9 million cap charge. A cheaper option would be New Orleans Saints WR Chris Olave, who would only has a $6.1 million cap charge.

The bigger complication for the Giants to make a trade is their current draft pick situation. They currently don't possess their 2026 third-round pick, which they sent to the Houston Texans. A third-round pick would be highly valuable in a negotiation for a quality receiver.

Ultimately, this contract adjustment does not mean the Giants are aiming to make a trade before the deadline. It could simply be a move needed to free up space because they were operating under a tight cap, should they need to add a free agent in the future.

The next few weeks in the NFL will be loaded with drama, as many contending teams, more eager than the Giants, will be aggressive in making moves. Hopefully, the Giants aren't boxed out of any of the top names at receiver; otherwise, it will be a long season of woeful passing production. This is especially true considering the lack of solid free agents available as options.