NFL Rumors: New York Giants’ Mathias Kiwanuka agrees to pay cut
There is no question that there has been tension between the New York Giants and defensive end Mathias Kiwanuka.
That, however, has not stopped Kiwanuka from doing the Giants a big favor.
According to Ralph Vacchiano of The New York Daily News, Kiwanuka has agreed to take a pay cut.
OK, it was definitely a pay cut for Mathias Kiwanuka, not a restructure. Clears a little more than $2M in cap room for the Giants. #NYG
— Ralph Vacchiano (@RalphVacchiano) March 17, 2014
After Kiwi pay cut, but not including Demps, Thurmond, DRC deals, NFLPA site has Giants with $6,700,088 in salary cap space. #NYG
— Ralph Vacchiano (@RalphVacchiano) March 17, 2014
Tom Pelissero of The USA Today has further details.
Kiwanuka's base salary dropped from $4.375M to $1.5M. He also gets a new $700K roster bonus, can earn back $125K in incentives.
— Tom Pelissero (@TomPelissero) March 17, 2014
Kiwanuka's base salary dropped from $4.375M to $1.5M. He also gets a new $700K roster bonus, can earn back $125K in incentives.
— Tom Pelissero (@TomPelissero) March 17, 2014
Kiwanuka, who was selected by the Giants with 32nd overall pick in the first round of the 2006 NFL Draft, had 41 tackles and 6.0 sacks for the Giants last season.