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.
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.
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