Giants Restructure IDL Dexter Lawrence's Contract

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

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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