Daniel Jones only signed a four-year, $160 million contract with the New York Giants in March, but the team is already modifying the parameters of the pact.
These changes include "converting $8.42M of his base salary into a signing bonus and creating $6.315M in cap space," according to a report from ESPN's Field Yates on Monday, September 4.
The Giants needed to make more room beneath the salary cap. This modification, however, was not made with the intention of making a big impact
before the regular-season opening against NFC East rivals the Dallas Cowboys on Sunday, September 10.
Instead, as Yates' colleague Jordan Raanan pointed out, "this gives the Giants some financial flexibility to make moves during the season.
"Those sentiments are shared by Dan Duggan of The Athletic, who also stated that "this restructure is to give them enough room
to operate this season (P-squad elevations, IR costs, etc.)." As a result, don't expect any significant trades or signings."
Jones was the obvious candidate for a restructure following his large payday earlier this summer. Nonetheless, general manager Joe Schoen
made an intriguing choice to begin balancing the books by modifying the deal granted to the player starting at football's most vital position.
Other candidates included defensive lineman Leonard Williams and cornerback Adoree' Jackson. So far, Schoen has resisted making adjustments to either veteran's contract,