The 2014 NFL salary cap is likely to be between $132-$133 million, and the exact number could be announced as soon as Friday, according to Tom Pelissero of USA Today.
If the cap is $133 million, the Giants we be roughly $19 million under that figure, pretty good shape without restructuring any contracts or releasing players on the current roster.
The cap was $123 million a season ago, and a $133 million cap would be roughly a 9 percent increase.
The additional money will help the Giants, who have more than 20 free agents, including Linval Joseph, Justin Tuck, Jon Beason and Stevie Brown, and are reportedly in the market for offensive linemen -- particularly guards.
Free agency does not begin until March 11. If the five-year, $25-million deal given to Riley Cooper by the Philadelphia Eagles is any indication, purse strings are already beginning to loosen around the league.