The Giants signed quarterback Daniel Jones to a four-year, $160 million extension back in March, but now the team is restructuring the starter’s salary to open up cap space.
With the restructure, $8.42 million of Jones’s contract will be turned into a signing bonus, per ESPN’s Field Yates. This opens up about $6.315 million in cap space.
Jones’s original cap hit was $21.8 million, but now it will be $15.4 million during the 2023 season.
