With the team more than $5 million over the 2023 salary cap with Week 1 of the regular season kicking off, general manager Joe Schoen needed to create some space and did so thanks to DJ.
Field Yates of ESPN reports that the Giants converted $8.42 million of Jones’ base salary into a signing bonus, creating nearly $6.32 million in cap space.
The Giants have restructured the contract of QB Daniel Jones, converting $8.42M of his base salary into a signing bonus and creating $6.315M in cap space, per source.
— Field Yates (@FieldYates) September 4, 2023
“Yeah,” Schoen told reporters when asked if negotiations will wait until after the season. “Unless something changes, I’ll never say ‘never,’ but as of right now that’s the plan.
“I won’t say we won’t do it, but we have nothing on the docket right now.”
More to come…