After making a sizable splash early in free agency, the New York Giants do not have much wiggle room regarding their salary cap at the moment. As of now, they are looking at about $5.8 million under the cap. They will need about $6.6 million just to sign their five incoming draft picks.
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There are a few moves that can be made to free up some cap space before the draft, as well as make room for some more free agency moves. Restructuring the contracts of John Jerry and Alec Ogletree already freed up a little over $5 million in cap space.