Giants save $1M by restructuring Mathias Kiwanuka’s contract

Giants linebacker Mathias Kiwanuka restructured his contract, allowing  the team to gain $1 million in cap space for the upcoming year.

According to the Newark-Star-Ledger, $1.5 million of Kiwanuka’s guaranteed salary for next season was converted into a signing bonus. His cap figure drops from $5.125 million to $4.125 million by spreading it out over the final two years of his current deal.

The move will serve as a precursor as the team attempts to negotiate contracts with free agents Victor Cruz, Martellus Bennett and Will Beatty. Along with the release of veterans Ahmad Bradshaw, Chris Canty and Michael Boley, the Giants are in a better position to do so.

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