Mathias Kiwanuka restructure saves Giants $1 million under cap

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The Giants started the process of creating cap space this month by releasing several veteran players and it continued with a restructuring of linebacker Mathias Kiwanuka’s contract.

Jenny Vrentas of the Newark Star-Ledger reports that the team has gained $1 million in cap space for 2013 by converting $1.5 million of Kiwanuka’s guaranteed salary for next season into a signing bonus. The move doesn’t cost Kiwanuka any money, but drops his cap figure from $5.125 million to $4.125 million by spreading the hit out over the remaining two years of his deal.

As a result, Kiwanuka will have a slightly higher cap number — about $500,000 — in 2014 and 2015. He doesn’t have any guaranteed money headed his way, though, so the Giants could likely revisit the contract again in the future if they want to bring his cap hit to a more manageable level.

Along with the departures of Ahmad Bradshaw, Chris Canty and Michael Boley, the Giants have brought themselves into better shape with the cap. There’s likely more work to be done in order to tender their restricted free agents, including Victor Cruz, as well as bring back free agents like tackle Will Beatty and tight end Martellus Bennett, however.

10 responses to “Mathias Kiwanuka restructure saves Giants $1 million under cap

  1. His career highlight play was getting flattened by Clinton Portis on a block. Enjoy fighting for 2nd place with Dallas and Philly because we all know the division belongs to the Washington Redskins.

  2. We’ll see about the Redskins owning the division. As I recall Cam Newton and the Panthers were supposed to be in the SB based on Cams first year. In other words if the Redskins are all we have to worry about then I LOVE our chances.

  3. His career highlight play was getting flattened by Clinton Portis on a block. Enjoy fighting for 2nd place with Dallas and Philly because we all know the division belongs to the Washington Redskins.
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    Sorry we missed you, where have you been the last 20 years? It must feel good to be relevant again.

  4. logicalvoicesays says: Feb 25, 2013 2:23 PM

    His career highlight play was getting flattened by Clinton Portis on a block. Enjoy fighting for 2nd place with Dallas and Philly because we all know the division belongs to the Washington Redskins.
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    I don’t why people respond back to this fool. He never has the stones to write anything else after his first post in any article. He’s just troll that lives in mommy and daddy’s basement, that probably works at some fast food restaurant flipping burgers at the age of 34, probably.

  5. The Redskins win the division for the first time in forever, and now their fans wanna come out from hiding. Let’s not forget they lost at home in the wildcard round. But I guess when you’ve finished in the basement of the division since 05, that must feel like you won the Superbowl. Congrats loser!!!

  6. logicalvoicesays says: Feb 25, 2013 2:23 PM

    His career highlight play was getting flattened by Clinton Portis on a block. Enjoy fighting for 2nd place with Dallas and Philly because we all know the division belongs to the Washington Redskins.

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    No, I think his career hightlight was winning 2 championships!!!! Makes more sense doesnt it, or do you just want to hate cuz the redskins finnaly got a good QB and ruined it cuz your coach is a moron! yeah i know, the doc cleared him. Yeah good call, coaches oversee it all!!!!

  7. logicalvoicesays says: Feb 25, 2013 2:23 PM

    His career highlight play was getting flattened by Clinton Portis on a block. Enjoy fighting for 2nd place with Dallas and Philly because we all know the division belongs to the Washington Redskins.
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    How quickly we forgot Laron Landry getting absolutely pasted by Brandon Jacobs. Hows that for a highlight?

    BTW…Champ Bailey > Clinton Portis.

    One more thing to ponder in your small little brain, Kiwanuka, two Superbowl victories.

    I believe the term is GAME OVER!!!

    Hahahahaha!!!!!!!!!

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