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New Details Emerge Regarding Corey Webster’s Pay Cut

March 8th, 2013 at 5:03 PM
By Paul Tierney

'Anti-Gravity' photo (c) 2010, AJ  Guel - license: The New York Giants slashed the pay of cornerback Corey Webster's contract on Thursday in an attempt to clear salary cap room, but also to keep a player with two Super Bowl rings on the roster at a price that better resembles his market value. Prior to the pay cut, Webster was going to count over $9 million against the Giants 2013 salary cap, an absurdly high number for a player who was statistically among he worst cornerbacks in the NFL in 2012. However, as more details emerge regarding the pay cut, it appears the Giants came away with significant salary cap savings

Instead of paying Webster a base salary of $7 million, the team brought  that number down to $1.25 million, gave him a signing bonus of $2.5 million and added a voidable year to the deal. The Giants cleared around $4.5 million dollars of salary cap room, which is $1.5 million more than was originally reported yesterday.

All in all, it was a good deal on both sides. Obviously, it puts the Giants more than $10 million under the $123 million salary cap and gives them some flexibility to retain some of their own free-agent's, or even sign players off the open market. For Webster, he is guaranteed at least $2.5 million next season and gets to avoid being put on the open market with the flurry of veteran defensive backs that have been released in recent days (including former Giants CB Aaron Ross.)

Webster is in a contract year, so he has every incentive to improve upon his play in 2013. At the very least, he provides depth in the defensive backfield and a veteran leadership presence. At the very best, he returns to form and is a reliable cornerback on a defense that is searching for a dominant pass rush that went dormant for the majority of 2012. The Giants still may look to add a veteran off the free-agent market to compete for a starting job; however, Corey Webster is going to have every opportunity to contribute in a positive fashion next season. Now that the uncertainty regarding his return is in the past, it's up to him to prove he's still capable of competing at an NFL level.


Tags: Aaron Ross, contract, Corey Webster, Football, New York, New York Giants, NFL, Super Bowl

17 Responses to “New Details Emerge Regarding Corey Webster’s Pay Cut”

  1.  Krow says:

    They’re clearing space … so it’s reasonable to expect that they have a few signings in their sights.

    •  fanfor55years says:

      Defensive tackle, PLEASE!!

      Sammie Hill really intrigues me. Stuck behind two top players. Good penetrator in the middle. But I’d settle for Bryant or Dorsey. I don’t think any of them should be that expensive.

      •  Valid says:

        Dorsey is a pretty smallish DT at 6’1″, 297 lbs. Bryant would be awesome, though. So would Alan Branch, however he has expressed a strong desire to re-sign with Seattle.

      •  kujo says:

        I like that Jean Francois guy from San Fran, myself.

        And I share your concerns up the gut of the defense. How long have I been banging the table about interior linemen on both sides of the ball? How long have I been talking about the need for a downhill bowling ball at MLB?

  2.  AdamGmen says:

    Make a deal with Cruuuuuuz!

  3.  TroyThorne says:

    There’s like 6 million CBs available in FA right now and there will be more to come. Could be good news for us as we may be able to snag someone talented on the cheap.

  4. Anthony Raiaaxr29 says:

    McShays latest mock has us passing on Werner, Cordarelle Patterson, Fluker, Watson, Sylvester Williams and Xavier Rhodes to take Eifert.

    These guys really don’t pay attention to teams do they?

    •  kujo says:

      Don’t you realize we “need” a tight end?

      BTW, no way we take a DT or a LB at 19. Guarantee that it’s a corner or a lineman of some sort. Too much value deeper in the draft for the kind of guy we need up the middle of the D.

      •  Valid says:

        kujo -

        Little late on this, but congrats on the marriage my man.

      •  G-MenFan says:

        You got married? Congrats!

        Yeah, I remember when I thought I was too happy and did the same thing.

        Suffering brings us closer to Christ. Enjoy the pain. It’s like probing a cankersore with the tip of your tongue. Times about a million.

  5.  Hanshi says:

    I wonder if the Bennett brothers end up playing together in Atlanta

    •  Hanshi says:

      I guess Michael doesn’t fit that defense well but stranger thins have happened. Maybe the Bears?

  6.  somethingtofollow says:

    McShay thought Gabbert was going to be a hall of famer…idk how he has a job

  7.  GmenMania says:

    Giants won’t get into bidding war for the Black Unicorn:

    Also, saw somewhere that Osi said he would by DPOY if he went to a team that allows him to be an every-down player.

  8.  somethingtofollow says:

    for possible FA TEs, Brandon Myers or less likely Delanie Walker

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