The New York Giants have created $7.376 million in cap space after restructuring the contract of newly-acquired tight end Darren Waller, per Field Yates. New York traded for Waller this week, sending a third-round pick to the Las Vegas Raiders in exchange for the 2019 Pro Bowl tight end. Having made a few splash signings since the trade, the Giants have run out of cap space and need to make roster moves to create room.
Giants create cap space by restructuring Darren Waller’s contract
The Giants converted $9.835M of TE Darren Waller’s 2023 base salary into a signing bonus, which freed up $7.