Giants' Updated Salary Cap After Reported Andrew Thomas Contract Restructure

The New York Giants reportedly created some much-needed salary cap relief ahead of the start of the 2025 NFL season.

According to ESPN's Field Yates, the Giants restructured the contract of offensive tackle Andrew Thomas and created $12.2 million in cap space.

Per Spotrac, the Giants were $9.4 million over the cap before Thomas' new deal, so his restructured contract will bring them below the NFL's $279.2 million threshold.

Thomas was selected with the No. 4 pick in the 2020 draft. After earning second-team All-Pro honors for the 2022 season, he was signed to a five–year, $117.5 million contract extension that included $67 million guaranteed at signing and set a new NFL record for an offensive lineman.

Unfortunately, the Giants' investment in Thomas has provided a minimal return. He played in just 10 games in 2023 before being limited to six games last season after undergoing foot surgery. His recovery continued into this offseason, and there is still uncertainty about his status for the start of the 2025 campaign.

ESPN's Jordan Raanan reported on Wednesday that Thomas was limited in practice and was the only player listed on the Giants' injury report. While he reportedly hadn't participated in 11-on-11 reps since his foot injury last year, Raanan noted there's "a realistic possibility" that he plays on Sunday in the season opener against the Washington Commanders.

The Giants are hoping to exceed expectations this year as they continue to progress in their rebuild. Having Thomas healthy and on the field will give the team its best chance to be successful this year.