Here is Giants’ salary cap situation for 2025 — and who they can cut to create more room

How quickly will the Giants be able to dig out of this mess?

At 2-12, they’re still very much in rebuilding mode. So how much salary cap space will they have next offseason? That’s a big question, regardless of whether general manager Joe Schoen and/or coach Brian Daboll stick around for a fourth season.

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Obviously, much of the focus in the final three weeks of this season will be on whether the Giants can overtake the Raiders for the No. 1 pick in the 2025 NFL Draft. But 2025 free agency will matter, too, as the Giants build around their new high draft pick quarterback.

At this point, overthecap.com projects the 2025 cap will be $272.5 million — and that the Giants will have $57.2 million in cap space (14th in the NFL).

So who can the Giants cut to free up more space?

Well, they have already released quarterback Daniel Jones ($19.4 million savings).

Let’s break down some other potential cut candidates.

• PK Graham Gano ($3.1 million savings, $2.5 million dead money): He signed a three-year contract extension in September of 2023 that hasn’t worked out so far, largely because of injuries. He turns 38 in April. It might be time for the Giants to move on.

• MLB Bobby Okereke ($3.5 million savings, $10.9 million dead money): This is a tough one, because Giants general manager Joe Schoen restructured Okereke’s contract before each of the past two seasons. That freed up immediate cap space, but it also made it tougher to cut Okereke after 2024, the second year of his four-year deal.

He’s not that old — 29 when next season opens — and he’s still productive (74.9 Pro Football Focus grade, compared to 78.9 last year). So he could definitely stick around for 2025, when he would carry a $14.4 million cap number.

• OT Jermaine Eluemunor ($6.5 million savings, $2.7 million dead money): He essentially signed a one-year deal with the Giants this past offseason. He hasn’t been great this season (67.8 pass blocking grade, 63.5 run blocking grade). But he’s not terrible, and he can play both tackle spots. The Giants’ offensive line continues to struggle. Eluemunor isn’t the biggest issue, though. Which makes it possible he stays in 2025, at a $9.2 million cap number.

• DT Rakeem Nunez-Roches ($3.6 million savings, $1.4 million dead money): Expect him to get cut. He hasn’t played well this season (48.0 overall PFF grade) and he turns 32 next summer.

• OT Josh Ezeudu ($1.4 million savings, $292,000 dead money): He’s a third-round bust — not starter material at all. That’s been obvious pretty much ever since the Giants drafted him in 2022. Maybe he sticks around as a backup in 2025, since he has a reasonable cap number ($1.7 million).

Bottom line: Nunez-Roches surely will get cut. And Gano could be a goner, too. Okereke, Eluemunor, and Ezeudu being released is far from certain.

If the Giants release Nunez-Roches and Gano, that would give them $6.7 million in additional cap space, pushing them to about $63.9 million.

But they’d obviously need to find a new interior defensive lineman to play next to Dexter Lawrence — and also would need to sign a new kicker. The interior defensive line solution could be a younger player already on the roster (like Jordon Riley), but there’s no 2025 kicker answer on the roster.