Giants guard Chris Snee has agreed to restructure his contract, according to ESPN’s Adam Schefter (via Twitter). It appears to be a straight pay cut, as Schefter reports that Snee’s base salary will lower from $7.2MM to just $1.1MM, with another $1MM available through incentives. The move allows to keep a stalwart of their offensive line on the same day that they released center David Baas.
Snee, 32, was a fourth-round-pick of the Giants in 2004, and has spent his entire career in New York. He was entering the final year of a six-year extension he signed in 2008. He played in only three games in 2013 due to hip injuries.