The New York Giants now have one big contract left they need to restructure. Corey Webster, in the final year of his contract, will be taking a pay cut to stay on with the Giants. His salary is cut from $7.25 million to $4 million for the 2013 season.
Webster had to do it. He didn’t perform to high standards he set for himself and to the standards the Giants organization knows he can live up to.
I think this worked out the best for both sides. For the Giants, it not only gives them cap room to help fill other positions, but it allows them to retain a starting corner. They don’t have to go into free agency looking for a starter when they already have limited cap room. They can add a depth guy behind Webster, Prince Amukamara and Jayron Hosley, whether it’s in the draft or via free agency.
For Webster, it gives him a chance to prove himself in a contract year. If he performs well, he could be in line for a pay day for 2014, whether it’s with the Giants or another team.
The Giants have a lot of spots to fill and this will go far to helping that. David Diehl’s contract is up next and the Giants have a couple of days before free agency to figure that out. A new deal for Eli Manning could be helpful too. It will help provide some cap room not only for this year, but for future years as well.