New York Giants general manager Joe Schoen said at the Combine that re-structuring player contracts would be his “last resort” in an effort to clear much-needed salary cap space. Apparently, Schoen has reached that point.
ESPN’s Jordan Ranaan reported earlier on Monday that the Giants have re-structured the contract of placekicker Graham Gano. Per Ranaan, the Giants $2.63 million of Gano’s salary into a bonus that have them $1.753 million in additional cap space. Ranaan also reported that the Giants added a void year to Gano’s contract.
Gano, 35, in entering the second year of a three-year, $14 million contract.