The New York Giants have reportedly restructured Daniel Jones’ contract months after signing the quarterback to a deal with $40 million annually.
The New York Giants restructured Daniel Jones’ contract
According to Field Yates with ESPN, the Giants converted $8.42 million of his base salary into a signing bonus. The move clears $6.315 million in cap space for the Giants.
The Giants have restructured the contract of QB Daniel Jones, converting $8.42M of his base salary into a signing bonus and creating $6.315M in cap space, per source.
— Field Yates (@FieldYates) September 4, 2023
According to Over the Cap, the Giants had just over $5.4 million in cap space before the restructure. So the Giants should have close to $12 million before Week 1 of the regular season.
The move hints the Giants plan to be aggressive in adding talent to the roster this season. The Giants could add help via free agency or wait to make a trade near the deadline. The Giants have been rumored to be a team that would be interested in Tampa Bay Buccaneers wide receiver Mike Evans.
The Giants didn’t make this move just because. They cleared cap space to bring in a star to help better their playoff run chances this season.
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