Giants Rework Rhett Ellison’s Deal

The Giants had to do some cap adjusting before acquiring Leonard Williams from the Jets. This week, they got it done by converting $1.88MM of tight end Rhett Ellison‘s base salary into a signing bonus,, a source tells’s Field Yates (on Twitter). That bit of cap trickery

That bit of cap trickery gave the Giants an additional $938K in space, giving them just enough to accommodate the arrival of Williams. Still, their cap situation remains tight. Before bringing the defensive lineman over from New Jersey’s other team, the Giants had roughly $2MM in cap room. The Jets picked up the tab on $4MM of Williams’ $7.5MM in remaining salary, so the Giants had to make way for about $3.5MM in salary.

By tweaking Ellison’s contract and releasing linebacker Tae Davis, the Giants got the job done, but their work isn’t finished.

Ellison, 31, has 13 catches for 108 yards and one touchdown through eight games. The bulk of the tight end targets have gone to youngster Evan Engram, who has 38 grabs for 419 yards and three scores this year.

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