David Diehl has taken a substantial pay cut (USA Today Sports Images)
New York Giants right tackle David Diehl has taken a $3.825 million pay cut, a source with knowledge of the situation has confirmed to "Shutdown Corner".
Diehl was scheduled to earn $4.825 million in cash compensation with a cap number of $6.9 million in 2013, the final season of his current contract. Under the renegotiation, Diehl has lowered his $4.475 million base salary to $1 million and the $250,000 in "per game" roster bonus and his $100,000 workout bonus Diehl was scheduled to earn have been eliminated.
The restructured deal reduces Diehl's 2013 cap number to $3.125 million, a cap savings of $3.778 million. Of Diehl's $1 million base salary, $200,000 is fully guaranteed.
Diehl, 32, has started 149 of 153 games for the Giants, who selected the 2009 Pro Bowler in the fifth round of the 2003 NFL draft out of Illinois. Diehl started 16 games in eight of his first nine seasons in the NFL, but injuries limited him to nine starts in 13 games during the 2012 season.
Last week, the veteran recently expressed his willingness to restructure his contract to help the team sign restricted free agent wide receiver Victor Cruz to a long-term contract.
"I wish I was his agent. I'd tell you more answers, and I wish I was upstairs in the office," Diehl said on the NFL Network's "NFL Total Access" program on March 21. "But like you said, Eli (Manning) would be willing to do things, I'd be willing to do some things to restructure and help other guys out, and to keep a great teammate along like Victor Cruz.
"I have restructured before in my 10 seasons of being a New York Giant. It's not something that I'm unfamiliar with. I mean, that's part of the business of the NFL."
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