The New York Giants have an estimated $77.8 million in available salary cap space to take into the free agency market next Wednesday. The retirement of tight end Rhett Ellison released them from his 2020 contract, adding approximately $5 million to their already burgeoning war chest.

The Giants have the fifth-highest amount of cap space to spend on free agents beginning next week behind Miami ($93M), Indianapolis ($86M), Tampa Bay ($84M) and Buffalo ($83M).

Big Blue has an adjusted salary cap of $200,529,568 which includes a rollover of $1,529,568 from 2019. They have salary commitments of $113,387,653 and $10,869,835 in dead cap charges.

The Giants still have a week to work out deals with several of their own impending free agent,s but they are not expected to lock any of them up beforehand and take the full $77.8 million into free agency and work on signing those players back after free agency begins.

After several cost-cutting moves this offseason, the Giants has just three players with salary cap hits of $10 million or more remaining on their roster — left tackle Nate Solder ($19.5M), right guard Kevin Zeitler ($12.5M) and wide receiver Golden Tate ($10.5M).

Solder and Tate were rumored to be candidates for salary cuts or even outright release but appear to be safe now that free agency is nearing.