The New York Giants started off free agency with their back against the wall in the salary cap game. They were quick to make cuts and trim down, but also had to look elsewhere for more breathing room. One such avenue was that of running back, Brandon Jacobs’ current contract.
Similar to former Giants great, Amani Toomer, Jacobs agreed to a restructured contract in order to free-up space. Toomer did this a couple of times during his tenure with the Giants, allowing the team to have more resources to build their (ultimately) championship team. Jacobs, though likely a bit reluctant, agreed to a re-worked deal, but the details were only just released today.
According to Mike Garafolo of the Newark Star-Ledger, the new deal looks like this (his original deal was slated to give him $4.65M this season):
- Base Salary: $2.9 million
– Workout Bonus: $100,000
– Incentives: $2 million
This does translate to a pay-cut for Jacobs, but the incentive-laden, restructured contract affords him a chance to bring-in even more than he may have with his original contract. These types of deals are common in the NFL and help teams keep their salary cap in check, while keeping valuable players happy.
Regardless, it goes without saying that this shows Jacobs true, Giants blue, colors. The man said he wanted to stay with the Giants and he sacrificed to do just that (which also likely lead to keeping his colleague, Ahmad Bradshaw, around as well).
Additionally, according to Ralph Vacchiano’s Twitter account, two other very prominent Giants appear to have restructured as well, explaining:
“Looks like #NYG S Antrel Rolle and CB Corey Webster did some restructuring, too, according to NFLPA records.”
“Webster’s salary dropped from $8M this year to $5M. Rolle’s from $5.25M to $1.25M. Both likely make up difference in bonuses/incentives.”
Hard to argue that this team isn’t doing their best to keep their core group intact.No tags for this post.