Giants guard Chris Snee was willing to take a pay cut. Which was wise. Because if he hadn’t been willing, he’d likely be a former Giant right now.
Instead, Adam Schefter of ESPN reports that Snee has dropped his compensation by more than $5 million, reducing his pay from $7.2 million to $1.1 million plus up to $1 million in incentives.
With bonus proration of $4.5 million still on the books, Snee will count for at least $5.6 million in cap space this year.
Snee, the son-in-law of coach Tom Coughlin, is entering the final year of his contract. He arrived via round two of the draft back in 2004, Coughlin’s first year with the team.
Last month, we reported that the Giants had approached both Snee and center David Baas about reducing their pay. Baas declined, and now he’s gone.
A four-time Pro Bowler, injuries limited Snee to three games in 2013.