The NFL has informed teams that the salary cap will be raised significantly this season, “somewhere between $277.5 and $281.5 million.” That is up from $255.4 million last season.
In total, the cap will have increased by more than $50 million over the past two years.
This is from the memo the league sent to teams today, including league’s explanation of why the cap number is not yet finalized. pic.twitter.com/CQC5azcMO8
— Dan Graziano (@DanGrazianoESPN) February 19, 2025
Based on the numbers at Spotrac, the Giants have a current available Top 51 cap space number of $45.1 million. The jump in the cap ceiling would give them more financial latitude heading into free agency next month.
The Giants could also gain even more cap room through some cuts and contract restructures, which were detailed recently. Coupled with the significant rise in the cap ceiling, general manager Joe Schoen could create a total of around $100 million in available cap space if he desired. However, that is highly unlikely (and unnecessary).
The league will announce a final salary cap number next week. Since 2009, the salary cap has nearly doubled as the NFL’s revenue continues to grow steadily.
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