The NFL salary cap is expected to be set within the next couple of weeks, potentially as soon as next week when the scouting combine gets underway in Indianapolis. According to Pro Football Talk, the cap is projected to land somewhere between $242 million and $243 million–if not higher.
The higher the cap, the better for all 32 NFL teams, who are expected to carry over any remaining cap space from 2023 into the 2024 league year that begins on March 13.
The NFLPA’s public cap report lists the New York Giants as having $2,501,777 left over from the 2023 league year, which will be carried over.
Assuming that the cap ends up on the higher end of the scale, that would give the Giants a projected 2024 cap ceiling of $245,501,777 with an estimated $12.629 million in effective space (the space under the Top 51 rule, which begins on March 13), and approximately $20.462 million in total space.
Based on data from Over the Cap, both figures are, of course, before any roster terminations or contract restructures the Gaitns are planning to do in the coming weeks to open more space.
This is one window the Giants are highly, highly unlikely to open for Saquon Barkley.
Teams in the NFL on Tuesday can start placing the franchise tag on players, a two-week period that extends through March 5.
Unlike last year, when the Giants tagged Barkley after failing to come to a long-term deal, there is no real sentiment whatsoever that they are interested in doing that this time around.
