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 year’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 team’s finances would not be an issue.
“We’ll be ok. We’re not ready to put a padlock on the door just yet,” Mara said. “I think we’ll survive just fine. It’s been a tough year from that point of view. But listen, there are people all over this country that are suffering. I’m not out here complaining or anything. We’ll be fine as an organization going forward.”
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.