Giants’ Shane Vereen Takes Pay Cut

Giants running back Shane Vereen has agreed to restructure his contract, reports Jordan Raanan of ESPN.com. Previously scheduled to earn a $3.15MM base salary next season, Vereen will now collect $2.15MM, though he could get back the lost $1MM (and make another $250K) in incentives. Regardless, the move will save the Giants $843,750 in cap space.

Shane Vereen (Vertical)

The 2017 campaign will be the third with the Giants for Vereen, a pass-catching back who signed with Big Blue before the 2015 season and hauled in 59 receptions that year. Vereen, to whom New York paid a $500K roster bonus earlier this month, missed the majority of last season after tearing a triceps muscle on two separate occasions. In five games, he put up 252 total yards (158 rushing, 94 receiving) and a touchdown. As of now, the 28-year-old is the most established member of a largely unproven backfield which also includes Paul Perkins.

Vereen is the second Giant to restructure his contract this week, joining wide receiver/kick returner Dwayne Harris.The extra spending space could help Big Blue re-sign defensive tackle Johnathan Hankins, posits Raanan. Hankins, who surprisingly hasn’t encountered a robust market, ranks as PFR’s best unsigned interior D-lineman.

Photo courtesy of USA Today Sports Images.

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8 comments on “Giants’ Shane Vereen Takes Pay Cut

  1. CHUBZ

    SIGN HANKINS WITH THE MONEY SAVED!!!
    STOP $&#@&!? AROUND GIANTS!

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    • metseventually

      I meaning they’re getting guys to take pay cuts, so they’re not “$

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    • Brian

      The Giants have had the highest offer on the table since before free agency started. It is Hankins that believes he is worth more and won’t sign it. Know what you are talking about.

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  2. Chip renner

    eli needs to adjust his salary.He could cement his trip to Canton with a 3rd super bowl victory.he should be able to take care of his family without any problems.

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    • Brian

      Eli has adjusted his salary so many times the Giants will be paying him probable way after he retires. I don’t think anything more can be done with his contract. Beside even if something could be done do you want Eli playing until he is 45? That is what it would take. And Eli would be stupid to do it even if it could be done. You know he would be cut before he turns 45. He wouldn’t want to lose all that money.

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  3. CHUBZ

    I agree with Chip, Eli should restructure his contract so the Giants can sign another offensive lineman to keep his ass off the turff!

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  4. DaveE

    I love the way people are so willing to cut other people’s money.

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