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Webster re-do clears $4.5 million in cap space

Webster Getty Images

Even though Giants cornerback Corey Webster cut his compensation in 2013 from $7.25 million to $4 million, the team managed to create another $1.25 million in cap space.

Per a source with knowledge of the contract, Webster’s $7 million base salary and his $250,000 workout bonus became a $1.25 million base salary, a $2.5 million signing bonus, and a $250,000 workout bonus.

Half of the signing bonus moves to a voidable year of 2014, pushing $1.25 million in cap space forward by one year.

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12 Responses to “Webster re-do clears $4.5 million in cap space”
  1. logicalvoicesays says: Mar 8, 2013 8:05 PM

    Great job. The Redskins WRs look foward to continuing the roast of this guy for years too come!

  2. broncobeta says: Mar 8, 2013 8:10 PM

    Good man. And even more, good teammate.

  3. comatrip1 says: Mar 8, 2013 8:18 PM

    It’s garbage that teams can do this. If you offer the contract, you should have to pay it. Then again…. Darrell Revis never honors the contract he signs.

  4. dominicthedonkey says: Mar 8, 2013 8:29 PM

    The gmen need to upgrade in the backfield. This clown got toasted more times than Keith Richards. With a slew of top notch WRs in the NFC East, they need to get a couple of stud CBs to keep the games close. If not we need to score 35+ a game to compete thus year. Bad Move!

  5. roadtrip3500 says: Mar 8, 2013 8:46 PM

    It’s all about the guaranteed money in a contract… the rest might as well be Monopoly bills.

    Maybe Terrell Thomas’ 1-year “prove it” contract got Corey’s attention. TT is better when healthy, and Prince is 8 years younger than Corey. If TT gives them a full season with no injuries, Corey’s out after 2013.

    The Giants are clearly looking to get younger/healthier at many key positions, and those who can’t perform and stay on the field with the younger guys at that position are finding themselves sent backstage with some nice parting gifts.

  6. wave222 says: Mar 8, 2013 9:37 PM

    “The New York Football Giants” keep him to show the system and wait and see about TT, draft etc. Last year he was hurt all year.
    The secondary hurt for two years sraight!!

  7. sasquatch6968 says: Mar 8, 2013 9:43 PM

    I can’t believe that they didn’t cut him. It’s sad that he is still on the roster. 4 million really they can me pay me 100,000 I can let the wr catch TD passes. Come on Reese what are you thinking!

  8. bluegold1985 says: Mar 8, 2013 10:27 PM

    hey “logicalvoicesays” when did the Redskins get any WR’s??? LOL

  9. kev86 says: Mar 8, 2013 10:29 PM

    Reese’s pieces. It’s embarrassing to have let the skins win the east last year. They made the NFC east look bad in the playoffs too. Drama queens. Giants are a lock to win the division next year. Maybe another title.

  10. pixelito says: Mar 8, 2013 11:20 PM

    This is how a Championship front office manages the salary cap without cheating, getting caught and penalized.

  11. multiplemiggs says: Mar 9, 2013 3:22 AM

    Your a bunch of idiots. Their two championships were complete flukes and you dummies think your the only team that has guys restructure contracts. What fools. And as for the nfc east looking bad, it IS bad. All you NFC East morons think your the greatest meanwhile the division champion finishes with a measely 8-8 or 9-7 record every season. Your lucky they even give you wastes a playoff spot.

  12. nananatman says: Mar 9, 2013 10:04 AM

    Hopefully he plays better this year, last year it was like he was two feet shorter than everyone.

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