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According to projections made public on Thursday, the 2015 NFL salary cap is projected to be between $138.6 and $141.8 million. That would be up from $133 million this year. It could be higher than that depending on league revenues. Estimating the cap at $140 million, the New York Giants would be $17.3 million under the cap without any adjustments.
| Team | Cap Space |
| Oakland Raiders | $53,351,162 |
| Jacksonville Jaguars | $43,542,172 |
| New York Jets | $41,415,680 |
| Cleveland Browns | $38,181,890 |
| Seattle Seahawks | $34,391,030 |
| Tennessee Titans | $33,296,652 |
| Indianapolis Colts | $31,724,674 |
| Denver Broncos | $31,113,668 |
| Tampa Bay Buccaneers | $31,093,495 |
| Chicago Bears | $30,970,313 |
| Cincinnati Bengals | $29,940,910 |
| Atlanta Falcons | $26,836,029 |
| San Diego Chargers | $26,223,487 |
| Green Bay Packers | $17,784,036 |
| Buffalo Bills | $17,365,927 |
| New York Giants | $17,343,332 |
| Detroit Lions | $16,962,243 |
| Washington | $15,759,322 |
| Houston Texans | $11,072,218 |
| Carolina Panthers | $10,815,777 |
| Minnesota Vikings | $9,852,564 |
| St. Louis Rams | $5,395,253 |
| Philadelphia Eagles | $4,508,844 |
| Pittsburgh Steelers | $4,425,765 |
| Baltimore Ravens | $3,295,483 |
| Dallas Cowboys | $2,297,645 |
| Kansas City Chiefs | $1,745,325 |
| New England Patriots | $1,589,619 |
| Miami Dolphins | -$2,611,177 |
| San Francisco 49ers | -$9,087,358 |
| Arizona Cardinals | -$9,843,495 |
| New Orleans Saints | -$20,010,991 |
The Giants have critical decisions to make with some key players who can be free agents, most notably Jason Pierre-Paul and Antrel Rolle.
They could clear cap space by cutting players like Mathias Kiwanuka ($4.825 million), Jon Beason ($3.53 million), Jameel McClain ($2.625 million) and J.D. Walton ($2.5 million) and Cullen Jenkins ($2.25 million).
The Giants also could save cap space by giving quarterback Eli Manning, who carries a $17.5 million cap hit next season, an extension that would lower his base salary.