Now, it would be the time to book your hotel awards for 2014 Super Bowl weekend in the New York City. I just went through the award availability using Hilton, Hyatt, InterContinental Hotels Group/Priority Club, Marriott and Starwood points for the weekend of January 31 to February 3, 2014. (This was done 1PM EST)
Why book using points?
In most cases, the reservations are fully cancellable up until the day before without any penalty. Just make sure that you read the cancellation terms and conditions carefully. All the ones that I checked, allowed cancellations without any penalties.