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Geoff Schwartz re-structures contract, Giants gain more than $2M in cap space -- report

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Schwartz can earn money back in playing time bonuses.

Kirby Lee-USA TODAY Sports

The New York Giants and offensive lineman Geoff Schwartz have agreed to a re-structured contract that will save the Giants $2.1 million in salary cap space this coming season.

The news was first reported by Ralph Vacchiano of the Daily News and Jordan Raaan of NJ Advance Media was first to have the actual cap savings.

Schwartz's base salary is cut from $3.675 million to $1.675 million, per NFLPA records. Ranaan reported that Schwartz will get the chance to earn $1.5 million in per game bonuses next season, and had $500,000 of his 2016 salary guaranteed.

The NFLPA now shows the Giants with $9.157 in salary cap space.

Schwartz played in only two games for the Giants last season after signing a four-year, $16.8 million deal. He first suffered a dislocated toe, then broke his ankle. The Giants are counting on Schwartz to return to health in 2015 and anchor the Giants' line at one of the guard spots.