NFL teams are continuing to turn over their rosters ahead of free agent. The latest move comes from the Giants, who are planning to release linebacker Bobby Okereke, per NFL insider Jordan Schultz.
The move will save $9MM against the salary cap with $5.46MM in dead money, per OverTheCap. The Giants are currently $1.8MM under the 2026 cap and will need to make additional cuts and restructures to open up their budget for free agency. (New York’s contract structure leaves something to be desired, as they ended up paying Okereke $31MM for three years’ work. Typically, teams backload their contracts more aggressively for bigger potential cap savings in the final season of the deal.)
Okereke, 29, signed a four-year, $40MM contract with the Giants in 2023, which turned out to be a solid value. He immediately took over as the quarterback of the defense and wore the green dot for every snap of his debut season. The seven-year veteran was the team’s leading tackler and posted career-highs in sacks, tackles for loss, forced fumbles, and passes defended. He missed five games in 2024 with a back injury, but still played well when available. In 2025, Okereke returned for a full season and once again led the defense in tackles, though he did not make impact plays as frequently as his first two years in New York.
Once his release is officially processed, Okereke will be free to sign with other teams. His experience should draw him interest on the open market. However, a linebacker market whose growth has slowed significantly in recent years and a strong crop of free agents at the position could limit his earning potential. He should still be able to receive a multi-year deal heading into his age-30 season, though it may not be significantly higher than the last deal he signed – especially considering the growth in the salary cap in the interim.
The Giants, meanwhile, are expected to be “aggressive in finding a replacement” for their starting middle linebacker, according to ESPN’s Jordan Raanan. New head coach John Harbaugh prioritized the position during his 18 years in Baltimore and will likely be looking for a new leader and tone-setter in the middle of his defense. New York currently has just two linebackers under contract in 2026 – Chris Board and Darius Muasau – neither of whom profile as starters for a defense that will need two.
The Giants will have a number of proven linebackers to pursue in free agency, though they will need to free up additional money to do so. Quay Walker, Devin Lloyd, and Devin Bush are younger options who could anchor the defense for multiple years. But the Giants also have the fifth overall pick in April’s draft and could use it on Ohio State linebacker Sonny Styles after his incredible performance at the Combine. Selecting him and adding one of the many older veterans set to hit the market would give the Giants a veteran green dot-wearer and Styles a mentor as he adjusts to the pros.