The Giants have created some financial wiggle room in advance of the trade deadline. Contract restructures have been worked out with cornerback Paulson Adebo and safety Jevon Holland, ESPN’s Field Yates notes. 
As a result of the moves, New York has created roughly $4.8MM in cap space for this year. The Giants entered Thursday ranked last in the league in available funds, making a step such as this necessary to generate flexibility for additions in the near future. It has become increasingly clear New York is in the market for a receiver trade, and it was reported yesterday a splashy addition is being explored at this time.
Especially if the Giants are to acquire a receiver with term on their contract beyond 2025, taking on a notable base salary for the remainder of this season will be necessary. Doing so will now be easier, and adding to the future cap hits on Adebo and Holland’s respective pacts will be relatively easy to manage with both on the books past this year. Each of those defensive backs signed with New York in free agency as part of the team’s efforts to upgrade in the secondary.
Adebo signed a three-year, $54MM pact after playing out his rookie contract with the Saints. Holland’s first time on the open market after beginning his career with the Dolphins resulted in a $45.3MM deal being worked out over the same length. Both players have operated as full-time starters during their debut Giants campaign, and that will no doubt continue for the foreseeable future.
New York sits at 2-4 on the season, but both of those wins have come with first-round rookie Jaxson Dart in place at the quarterback spot. Malik Nabers will miss the remainder of the campaign due to his ACL tear, but the Giants’ offense could include a new WR option in the near future. The cap space needed to pull off an acquisition of some kind is now available.