With March 9, the start of the 2016 NFL League year three weeks away, we have our first clue as to what the 2016 NFL salary cap figure might be.
According to Rand Getlin of NFL.com, the 2016 cap is expected to jump to at least $155M, which would be a $12 million increase from 2015.
If the cap does come in at $155 million, that would give the Giants approximately $58,623,872 in cap space, according to Over the Cap, a figure that includes any space resulting from expired contracts; the departures of Will Beatty, Geoff Schwartz and Jon Beason; and the estimated $11,144,891 in leftover 2015 salary cap space that New York is expected to roll over into the new league year.
That figure doesn’t take into consideration any potential cap savings the Giants might recover if they restructure receiver Victor Cruz’s contract, which is due to count for $9.9 million against the cap, including a $7.9 million base salary.
While there has been some debate whether the Giants should part ways with Cruz—if they did so, they would save $6.1 million against the cap and be hit with a $3.8 million dead money charge if they designated Cruz as a pre-June 1 transaction—the more likely scenario is that the team will reduce Cruz’s base salary this year and give him an opportunity to make up the difference through playing time and performance incentives.