Before diving deeper into the contracts that the Giants restructured this offseason, here's a little primer for how restructuring contracts works in many cases:
Thus far this off-season, the Giants have restructured the deals for Mathias Kiwanuka, David Baas, & Corey Webster. Webster received a voidable year. Read about how voidable years work below. Incidentally, the Giants did the same thing with Osi Umenyiora's contract last year. Here's an excellent article on the general subject at large:
"The Voidable Year and the Salary Cap" by Jason Fitzgerald from overthecap.com | March 8, 2013
To understand more about the difference between the Giants' dealing with Cory Webster, and their dealing with Baas, check out this outstanding article below:
"The difference between the Giants’ dealings with Webster and Baas" by Andrew from overthecap.com | March 8, 2013
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Here's another article that focuses on Webster's restructured deal focusing on the voidable year that the Giants and Webster agreed to:
"Update on Corey Webster’s Restructure – Giants Tack on Voidable Season" by Andrew from overthecap.com - March 9, 2013
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Besides the 3 players mentioned above, the Giants and David Diehl agreed to a paycut. I didn't include it with the players mentioned above since the changes made to Diehl's contract were different. There was no dead money pushed ahead to the next year, as in Umenyiora's and Webster's case with their voidable year deals or getting more upfront bonus money, as in the cases of Kiwi and Baas. Diehl simply accepted a pay cut, which was wise in his case, since he's a declining veteran who functions as insurance in case the Giants' plans for their offensive line go astray in 2013 (e.g., the first round selection of Justin Pugh). Here's an excellent article about the subject below:
"The Giants Restructure the Contract of David Diehl; Freeing up space for… " by Jason Fitzgerlad from overthecap.com | March 27, 2013
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I encourage people to read these articles when they get a chance, since they're a million times better than the corporate media driven drivel that passes as news nowadays when it comes to topic of the salary cap. People like Jason Fitzgerald at overthecap.com deserve to be recognized and appreciated for the excellent work that he and his staff do with respect to the topic of the salary cap.
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- Please keep in mind that more moves will be made, since the Giants need to create more space under the cap before the regular season begins.
- The Giants could get salary cap credit for the releases of Ahmad Bradshaw and Chris Canty if the Giants designated them as June 1st salary cap cuts when they released them back in February, which would make for an interesting post on an upcoming occasion.
- Here's an article discussing their release from the NY Daily News by Ralph Vacchiano:
- Here's an article by Mike Garafolo from when the Giants released Michael Boley:
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