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Giants DE Mathias Kiwanuka Re-Structures His Contract

Found February 25, 2013 on GridironFans.com: Yardbarker Blogger Network
PLAYERS: Mathias Kiwanuka
TEAMS: New York Giants
Gettyimage.ashx_url_http_3a_2f_2fcache.gettyimages.com_2fxc_2f72832643.jpg_3fv_3d1_26c_3dewsasset_26k_3d2_26d_3d17a4ad9fdb9cf193dadd97b58d4678d0f9396942a1bfc910
The New York Giants have carved out a little bit more salary cap space by re-structuring the contract of defensive end Mathias Kiwanuka. According to the New York Daily News Kiwanuka was due to make $2.95 million in salary in 2013, but his new salary is $1.45 million. The remaining $1.5 million was converted into a bonus which, for salary cap purposes, will be prorated over the life of the contract. The move saves the Giants $1 million against the 2013 salary cap. Kiwanuka would have counted $5.125 million against the cap in 2013. He will now count $4.125 million against the cap, says the Daily News. Source: SBNation.com
Original Story: http://gridironfans.com/forums/showth... Verified_ybn
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