Report: Mathias Kiwanuka re-structures contract

Mathias Kiwanuka - Mark L. Baer-US PRESSWIRE

The Giants got a little bit of salary cap relief with the announcement that Mathias Kiwanuka has re-structured his contract.

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.

Kiwanuka is signed thru 2015.

The Giants are now somewhere around $5-6 million under the anticipated salary cap of $121.1 million. That won't be enough to sign free agents Will Beatty, Kevin Boothe, Kenny Phillips and Martellus Bennett, and negotiate long-term deal with Hakeem Nicks and Victor Cruz.

Obviously, this is a step in the right direction. More moves have to be forthcoming prior to March 12 when the league season opens, however.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Big Blue View

You must be a member of Big Blue View to participate.

We have our own Community Guidelines at Big Blue View. You should read them.

Join Big Blue View

You must be a member of Big Blue View to participate.

We have our own Community Guidelines at Big Blue View. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9341_tracker