The New York Giants continued cutting veteran players to clear roster and salary cap space on Wednesday, announcing the release of running back Peyton Hillis.
Hillis played nine games for the Giants in 2014, carrying 26 times for 115 yards (4.4 yards per carry) and catching 10 passes. He suffered a season-ending concussion against the Seattle Seahawks. Hillis played seven games for the Giants in 2013, signing after David Wilson suffered what turned out to be a career-ending neck injury.
Hillis signed a two-year, $6 million contract with the Giants prior to last season. Hillis was set to make $945,000 in 2015. Cutting him will save the Giants roughly $500,000 against the cap due to the "top 51" rule.
Based on an estimated salary cap of $143 million for next season, the Giants should be currently slightly more than $24 million below the cap after the Hillis roster move.
More roster moves are likely forthcoming, so stay tuned.