The New York Giants are in a tricky salary cap situation. The team placed the franchise tag on Leonard Williams which will account for over $19 million in cap space. The Giants do not even have that much cap space, so they will need to make some cuts to fit Williams under.
New York has already starting making cuts to clear cap space. Golden Tate, David Mayo, and Cody Core were all cap casualties. Levine Toilolo’s contract was also restructered to free up some 2021 cap space. But the Giants have a lot more space to clear if they want to sign Leonard Williams and any other free agentss.