In the midst of “cap casualty season,” the Giants will reportedly not be parting ways with tight end Levine Toilolo.
According to NFL Network’s Ian Rapoport, the organization is retaining the 29-year-old veteran on a restructured contract. Toilolo had just one year remaining on his deal, which means the Giants may need to extend the contract in order to restructure it (it’s not confirmed they will). His 2021 cap hit was set to be $2.95 million ($2.925 million base salary, $25,000 workout bonus).
The #Giants are bringing back veteran TE Levine Toilolo for 2021, source said, on a restructured contract.