Giants, Jon Beason Restructure Contract

After hearing last week that Jon Beason was working with the Giants to restructure his contract, the two sides have reached an agreement, reports Mike Garafolo of FOX Sports (Twitter link). It’s a straight pay cut for the linebacker, writes Jordan Raanan of, as Beason’s 2015 base salary will be slashed from $3.6MM to $1.9MM.

Beason will able to make up a chunk of that loss through playing-time incentives, adds Raanan. All told, the 30-year-old’s cap figure will be lowered from $7.4MM to roughly $4.154MM, saving the Giants about $3.246MM. Beason had been scheduled to earn a $1MM roster bonus on Tuesday.

While clearly a talented player, Beason simply cannot stay healthy — he’s played in just 22 games over the previous four seasons. Beason, who was traded from the Panthers to the Giants in 2013, played in only four games last year while dealing with numerous foot injuries. But if he can avoid the training room, the former first-round pick projects as New York’s starting middle linebacker for 2015.

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