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Sep 30

Giants Gain $1.25 Million in Cap Space With Snee Restructure

I don’t any firm source on this, but based on NFLPA records it seems as if the Giants have again restructured the contract of G Chris Snee by passing along $2.5 million of his $4.2 million base salary in the form of a signing bonus.The Giants cap was so tight after the signing of FB John Conner ($60,000) that they were in a position where they had to make a move just to function for the rest of the year. Snee has always been the teams go to guy for restructures and they went there again.

It does not seem any other changes were made to the contract and essentially the Giants are simply deferring $1.25 million in cap charges to 2014 when their salary cap books are a bit cleaner than they are in 2013. Snee’s cap next year should be $11.75 million with a dead money charge of $4.5 million if released. With the Giants in the middle of a very disappointing season he could be one of many veterans let go after the season, but for now he’ll give the Giants some much needed breathing room.

If I hear anything more on the contract I will pass it along.

View Chris Snee’s Contract and Salary Cap Page

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