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Giants Restructure IDL Dexter Lawrence's Contract

New York was running out of salary cap space, so this move was among those expected.

Patricia Traina

Giants Restructure IDL Dexter Lawrence's Contract
Giants Restructure IDL Dexter Lawrence's Contract /
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The New York Giants have been busy this off-season, adding free agents and acquisitions to the team. But all those additions have cost them cap space, pushing them down to a league-low $1,998,303 of total cap space as of the start of Thursday.

As expected, the Giants dipped into their top-heavy contracts to open up more space. According to Field Yates of ESPN, New York restructured defensive lineman Dexter Lawrence's deal by converting $10 million of his $16 million 2024 base salary into a signing bonus to open up $7.5 million in 2024 cap space.

Assuming the Giants didn't add a voidable year to his deal to further thin out the converted money, the $10 million prorates to an additional $2.5 million per year added to Lawrence's future cap numbers. His original prorated signing bonus number was $4.634 million, so the $2.5 additional would drive that up to just over $7.1 million.

The restructure also lowers Lawrence's 2024 cap hit to approximately $14.575 million.

 

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Patricia Traina
PATRICIA TRAINA

Patricia Traina has covered the New York Giants for 30+ seasons, and her work has appeared in multiple media outlets, including The Athletic, Forbes, Bleacher Report, and the Sports Illustrated media group. As a credentialed New York Giants press corps member, Patricia has also covered five Super Bowls (three featuring the Giants), the annual NFL draft, and the NFL Scouting Combine. She is the author of The Big 50: The Men and Moments that Made the New York Giants. In addition to her work with New York Giants On SI, Patricia hosts the Locked On Giants podcast. Patricia is also a member of the Pro Football Writers of America and the Football Writers Association of America.

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