The New York Giants weren’t expected to be very big players in free agency this year and that prediction is holding true as they have made zero moves, or overtures, thus far in the NFL’s “legal tampering” period.

With available cap space in the low $20 million range, the Giants and general manager Dave Gettleman can only watch as other teams spend like drunken sailors on players that are worth nowhere near the contracts being offered them.

Sure, there are some stars who are worth every penny, but those are few and far between as GMs across the league look to fill holes on their roster by throwing money at them.

Not so long ago, the Giants were one of those teams. In 2016, then-GM Jerry Reese broke the bank by signing  some of the biggest defensive free agents on the market in defensive end Oliver Vernon, defensive tackle Damon “Snacks” Harrison and cornerback Janoris Jenkins to bloated deals.

The result was an 11-5 season and a trip to the playoffs. But those contracts hindered the Giants from addressing other areas, such as the offensive line, and the next season, Big Blue fell to 3-13, the worst 16-game record in team history.

Three Marches later, Vernon and Harrison are gone and Jenkins barely escaped being traded last October. The Giants are currently devoid of talent and depth as well as cap-strapped. They are in NFL hell right now.

The only thing Gettleman can do is wait his turn and let the market come back to him. There will certainly be some players falling through the cracks that he can ink to reasonable deals.

Mr. McClave makes a solid point above. That’s not the Giants’ intentional strategy, though. If Gettleman had more cap space, he’d be diving into the deep end of the pool along with the others. He wouldn’t necessarily overspend, but he’d be compelled to bid.

The lack of cap space is actually a blessing for the Giants. They will end up with some useful players, maybe even some gems, but will do it with austerity and cognizance.

As of that compensatory pick, it looks like Collins is the only free agent of worth that can tilt the formula in their favor. If they sign a safety (Deone Bucannon), offensive tackle (Daryl Williams) and a pass rusher (Preston Smith), that could easily offset the loss of Collins.

They would be lucky to get two of those three, however. Looks like they might have to wait until the first two waves subside before they take their deep dive.