NFL sets 2026 cap at $301.2 million: What it means for New York Giants

The NFL announced on Friday that the salary cap would be increased by $22 million this year, to $301.2 million per team.

NFL clubs were informed today that the salary cap for the ’26 season will jump $22 million per club to $301.2 million. Add in another $77.6m in benefits & that’s $378.8m per club in player spending. Tremendous growth pic.twitter.com/cQ5Zf3aGVW

— Brian McCarthy (@NFLprguy) February 27, 2026

What does that mean for the New York Giants? Not much, as they anticipated the increase in their transactions over the past few years.

Per Over The Cap, the Giants have just $2.78 million in available cap space this morning. They will undoubtedly have to do some major cost-cutting in the next few weeks if they are to be serious players in the free agency market come March 11.

There are several possible "cap casualties" that would free up significant space, but they may not be enough. They will also have to rework some existing contracts to claw back some further cap space.

The initiative under new head coach John Harbaugh is to mold the roster to fit his vision. That can't be done cheaply and may not happen overnight.

This article originally appeared on Giants Wire: NFL sets 2026 cap at $301.2 million: What it means for New York Giants