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.