Getting and staying under the salary cap has been an annual struggle for the Giants. It has kept them from becoming major players in free agency in recent years and has also prevented them from retaining some of their own players.
Today, we get some good news on that front. First, Pat Kirwan of CBS Sports.com reported that the Giants were approximately $10.2 million under the cap with 51 players under contract.
Now comes the news that the NFL may be raising the salary cap by around $7 million. That will will be a godsend for a team such as the Giants, who wish to retain the likes of Justin Tuck and Linval Joseph.
From Michael David Smith of PFT:
As the NFL’s revenues rise, so do the players’ salaries. And the 2014 season will see both the owners and the players getting richer than ever before.
This year’s salary cap is expected to rise to about $130 million per team, according to Adam Schefter of ESPN. That’s a 5 percent increase from last year’s cap of $123 million, and it’s good news for teams that are tight on cap space.
Agreed. Teams that never come near capping-out won’t be affected, such as Tampa Bay, but this news will be welcomed with open arms by the Giants and others who are seeking some financial relief this offseason.