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NFL 2016 salary cap set at $155.27 million -- Giants have $57.74 million to spend

Now we know what the Giants have to spend.

The 2016 NFL salary cap will be $155.27 million, according to That is up more than $12 million from the 2015 cap of $143.28 million. The New York Giants, per calculations from Spotrac, have $57.43 million to spend under the cap.

Expect the Giants to be aggressive with that money after four straight seasons of missing the playoffs.

"We're pretty healthy with our cap situation right now. We have to wait and see who's going to hit the market," GM Jerry Reese said earlier in the week. "We'll definitely look in the market and see if there's players available for us to recruit and hopefully, we will be able to land some guys who are available."

We have been examining the Giants' free agency situation for a while now. The Giants must first decide on the future of their own free agents -- especially defensive ends Jason Pierre-Paul and Robert Ayers, along with cornerback Prince Amukamara.

We have also been profiling players the Giants might target in free agency, and will continue to do so until the market open on March 9.

The Giants have a lot of work to do fill out a roster that has had too many holes in recent years.

"We need good players. That's what we need the most," Reese said. "We need good players, and we'll try to look for good players at every level -- offense, defense, and special teams. That's what we'll do. ... We need help all over the roster."