Giants cut ties with $16.5M starter to save cap 💼💥 Report says.

The New York Giants are releasing kicker Graham Gano, a move confirmed by Giants beat reporter and SNY insider Connor Hughes on the evening of March 29, at the tail end of NFL free agency before the draft. The development ends Gano’s tenure with the Giants, a relationship highlighted by two contract extensions, including a three-year, $16.5 million deal agreed to in 2023.

According to the report, the Giants will save about $4.5 million in cap space by releasing Gano, while absorbing a $1.25 million dead-cap hit. Gano is approaching 39 years old, and the move aligns with a broader roster adjustment as the team manages salary-cap flexibility ahead of implementing future plans.

Gano joined the Giants prior to 2021 and served as their starting kicker for multiple seasons. His release marks a notable change in the team’s kicking situation as they restructure after free agency and continue toward the upcoming draft, with an eye on stability and cap efficiency.

This is a developing story, with further details expected as the Giants outline their long-term special-teams strategy and potential replacement options. Updates will follow as information becomes available.