New York Giants among the league’s best in 2024 offseason capital

The New York Giants enter the offseason with a multitude of needs that must be addressed and talent gaps they need to narrow in order to compete within the NFC East.

Luckily for general manager Joe Schoen, the Giants are relatively healthy in terms of 2024 offseason capital.

Pro Football Focus recently evaluated the cap health of all 32 teams as well as their stock ahead of the 2024 NFL draft and determined that the Giants are fifth-best in terms of offseason resources.

With a final composite score of 87.1, the Giants are fifth in the league behind the Washington Commanders (100.0), Chicago Bears (96.8), Arizona Cardinals (93.6) and New England Patriots (90.3).

The Giants are in the 45.16 percentile when it comes to the salary cap and in the 87.1 percentile when it comes to draft stock. Their prorate percentile is 56.61.

PFF has draft capital weighted 1.5x of effective cap space and proratable money weighted at 0.25x of cap space.

The Giants are essentially on the fringe but still in the green in terms of spendable cash. They’re also capable of freeing up some additional money but probably not as much as general manager Joe Schoen would like.

What really separates the Giants is their draft stock. PFF lists just four teams with more valuable picks — the Green Bay Packers, Chicago Bears, Washington Commanders, and Arizona Cardinals.

The Giants will enter the 2024 NFL draft with seven total picks in tow, including four in the top 70 and the No. 6 overall pick.

If the NFL sets the 2024 salary cap higher than anticipated, it will help the Giants further but will do nothing to separate them further from the pack as it’s a level playing field.