Giants DE Mathias Kiwanuka Re-Structures His Contract

Discussion in 'New York Giants' started by SRW, Feb 25, 2013.

  1. SRW

    SRW Ex-World's Worst Site Admin Staff Member

    The New York Giants have carved out a little bit more salary cap space by re-structuring the contract of defensive end Mathias Kiwanuka.

    According to the New York Daily News Kiwanuka was due to make $2.95 million in salary in 2013, but his new salary is $1.45 million. The remaining $1.5 million was converted into a bonus which, for salary cap purposes, will be prorated over the life of the contract. The move saves the Giants $1 million against the 2013 salary cap. Kiwanuka would have counted $5.125 million against the cap in 2013. He will now count $4.125 million against the cap, says the Daily News.

    Source: SBNation.com

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