Just months after signing him to a four-year, $160 million deal, the New York Giants have restructured the contract of quarterback Daniel Jones.

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.

Other options Schoen had were extending either defensive lineman Leonard Williams or cornerback Adoree’ Jackson, but he seemed to shut that notion down last week.

“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…

Story originally appeared on Giants Wire