Eli Manning Restructures Contract, Saves New York Giants $6.75 Million
The New York Giants needed to come under the cap before March 13, and with the release of Brandon Jacobs today and the news that Eli Manning saved the team almost $7 million breaking yesterday, they may have already done so.
Reports surfaced Thursday that Eli and the Giants restructured his contract so the team could not only get under the cap, but maybe be able to keep some people around after their Super Bowl championship season.
The Giants simply reduced Eli’s base salary from $10.75 million to $1.75 million. You might be jumping out of your seat by now. Relax. He will still get that money, but the Giants are just going to front him the cash with $9 million of guaranteed money.
That’s putting a lot of faith in your elite quarterback.
The Giants are likely not done slashing contracts and releasing players. They still have 19 unrestricted free agents to take care of (signed Domenik Hixon, franchised Steve Weatherford), as well as find possible solutions for holes in free agency, which starts next week.
Tom Brady Has Greatest QB Title On The Line Sunday
Tom Brady could make or break his place in NFL history as the greatest quarterback of all-time Sunday. Let's examine why. Read More
J.J. Watt Being A Defensive Star Will Cost Him MVP
J.J. Watt is one of the most feared players in the NFL today, but playing on the wrong side of the ball will keep him from winning the NFL MVP award for 2015. Read More
College Gridiron Showcase Profile: WR Levi Norwood
Participating in this weekend's College Gridiron Showcase could make or break Levi Norwood's draft stock. Read More