The New York Giants will have an additional $4.8 million in salary-cap space this year as a result of a surplus from 2020. Space gets rolled over to this yearâ€™s cap, giving the Giants a cap ceiling of $179.8 million for the 2021 season. That rollover figure helps a great deal but the Giants are still over the cap by a sliver over $2 million in the 2021 season.
Due to lost revenues as a result of COVID-19 restrictions, the league, which had been raising the salary cap by approximately $10 million per season the past decade, needed to contract the cap from $198 million in 2020 to what could be as little as $175 million this year.
In his year-end address to the media, Giants CEO John Mara felt confident the teamâ€™s finances would not be an issue.
â€œWeâ€™ll be ok. Weâ€™re not ready to put a padlock on the door just yet,â€ Mara said. â€œI think weâ€™ll survive just fine. Itâ€™s been a tough year from that point of view. But listen, there are people all over this country that are suffering. Iâ€™m not out here complaining or anything. Weâ€™ll be fine as an organization going forward.â€
The biggest test this offseason will be retaining defensive tackle Dalvin Tomlinson or defensive end Leonard Williams or if the New York Giants decided to keep both.