The 2013 NFL salary cap has been set at $123 million, according a tweet from Ian Rapoport of NFL Network. That is up from $120.6 million in 2012, and more than the $121.1 million cap that was originally anticipated.
The Giants, according to Spotrac, have committed approximately $118.88 million in salary for 2013 thus far. That would leave them about $4.2 million under the cap.
The Giants released veterans Ahmad Bradshaw, Chris Canty and Michael Boley to get under the cap, and restructured the contract of defensive end Mathias Kiwanuka. The Giants re-signed left tackle Will Beatty earlier this week.
The Giants currently have 16 unrestricted free agents, including tight end Martellus Bennett, guard Kevin Boothe, safety Kenny Phillips and middle linebacker Chase Blackburn.
Other veterans who could test the market include receivers Domenik Hixon and Ramses Barden, placekicker Lawrence Tynes and defensive end Osi Umenyiora.
The Giants are scheduled to host former Philadelphia Eagles defensive tackle Cullen Jenkins for a visit on Friday.