Giants Restructure Andrew Thomas's Contract to Clear Cap Space

The restructure drops an additional $835,000 onto Thomas’s cap numbers from 2025 to 2028. According to ESPN’s Field Yates, the Giants now have around $18 million in cap space.

Before the move, the Giants, according to Over the Cap, had $10,073,473 in cap space, 27th most in the league, and a figure that not only would have likely increased a bit once the 90-man roster was cut down to 53 in a week and a half but also an amount that likely would have been enough to get them through most of the upcoming season. 

The decision to restructure Thomas’s deal now could suggest that the Giants are getting ready to acquire a veteran via trade or are anticipating a signing of a veteran out there on the street whose price was previously unaffordable.

The Giants could use additional help in their defensive backfield, where they have some injuries, including slot cornerback Dru Phillips, and outside corners David Long, Jr., and Cor'Dale Flott. Head coach Brian Daboll did not have an update on any of the injured players when he spoke to the media on Sunday via video conference call, and the team was off on Monday.

Either way, the timing is curious as it was initially thought that Schoen would wait until next offseason to restructure Thomas’s contract if cap space was needed.