Eli Manning Restructures Contract, Creates Cap Space For New York Giants

We finally have a story about someone in the Manning family. Except it's not that Manning.

Mike Garafolo of the Star-Ledger reports that Eli Manning recently restructured his contract with the New York Giants. It's not any more or less money, just a restructure to create cap space.

Manning had a $10.75 million base salary due next season but he reduced that to $1.75 million in base salary and took the remaining $9 million as a signing bonus. This allows the signing bonus to be pro-rated over the final years of the deal, creating more cap space for the Giants.

Teams often restructure contracts like this to create more cap space but it occasionally creates issues down the road as Manning will now have a higher cap number next season.

For more on the Giants, visit SB Nation's Giants blog, Big Blue View. And for more on New York Sports, check out SB Nation New York.

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