The 2015 NFL salary cap could be as much as $10 million higher than the $133 million 2014 cap, per ESPN NFL insider Adam Schefter.
NFL notified teams today that it expects this year's salary cap to be between $140 and $143 million, at least $1.5M higher than projected.— Adam Schefter (@AdamSchefter) February 18, 2015
Where does that put the New York Giants? Per Over The Cap the Giants would currently be $20.558 million under a salary cap of $143 million.
The Giants' biggest issue, of course, is what to do with defensive end Jason Pierre-Paul. Can they get Pierre-Paul's name on a long-term contract before free agency begins on March 10, or do they believe they will need to use the franchise tag at a cost of nearly $15 million against the cap?
The rising cap is likely one of the reasons why we have heard little as of yet about teams cutting players to create salary cap room. When the cap is going to grow, there is less urgency to get rid of players or re-structure contracts.