With free agency drawing near, the New York Giants and guard Chris Snee have restructured his contract, lowering his 2014 salary from $7.2 million to $1.1 million plus incentives, according to ESPN’s Adam Schefter.
Giants G Chris Snee restructured his contract, lowering his salary from $7.2 million to $1.1 million + $1M of incentives. So $2.1 max cash.
— Adam Schefter (@AdamSchefter) March 10, 2014
The $5.1 million paycut should do quite a bit to free up some more cap space for the Giants to make a splash or two during free agency.
The 32-year-old offensive lineman has been with the Giants since being selected in the second round of the 2004 NFL Draft. He has started all 138 games he has appeared in.
Snee is recovering from offseason hip surgery and it is not a 100-percent lock he’ll be able to play in 2014 as a result. Still, he wanted to play with the Giants for one more season and it appears he will get that opportunity.