It looked as if the New York Giants were going to be under the 2021 NFL salary cap, but it turns out that isn’t the case at all.
Zack Rosenblatt of NJ.com explained why the Giants are now over the cap.
Due to the Proven Performance Escalator in the the NFL’s collective bargaining agreement, the Giants will actually be paying more money to a few players than they normally would based on the contracts they signed as drafted rookies. As explained by OTC, the PPE is determined based on how much playing time a drafted player earns through their first three seasons.