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Giants, Nate Solder reach deal on restructured contract, per reports

Deal will save Giants $6 million in 2021 cap space

New York Giants v Washington Redskins Photo by Scott Taetsch/Getty Images

The expected contract restructure between Nate Solder and the New York Giants is now in place, per published reports. Dan Duggan of The Athletic was first with the news.

Per Duggan, Solder’s base salary will be cut from $10 million to $4 million, saving the Giants a much-needed $6 million in cap space. That is the same savings the Giants would have reaped had they cut Solder.

The 33-year-old did opted out of the 2020 season due to the COVID-19 pandemic, but had recently made it known that he would like to play again. Solder had two years remaining on his four-year, $62 million contract.

Solder has been a left tackle since 2012. He has not played right tackle since his rookie season with the New England Patriots in 2011. Per Duggan, though, the expectation is that Solder will compete with second-year player Matt Peart for the starting right tackle job.

Before the re-structure, Over the Cap listed the Giants with $5.839 million in cap space. This pushes the Giants above $11 million in space for the 2021 season.