David Diehl has agreed to a pay cut, reducing his base salary for 2013 to remain with the Giants.
According to the NFL Players Association website, Diehl's base salary has gone down from $4.475 million to $1 million for this coming season. There is no listed 2014 salary for Diehl, so it is a straight pay cut. The move was first reported by the New York Daily News.
The Giants needed to free up cap space and recently re-signed left guard Kevin Boothe to a one-year deal. Boothe is listed with a 2013 base salary of $840,000. By keeping Boothe and Diehl for this coming season at such a cheap price, the Giants have retained much-needed experience, versatility and depth on the offensive line. Both Diehl and Boothe can play multiple positions, which is always important considering the offensive line has dealt with injuries over the past couple of seasons.
Boothe will start at left guard and Diehl will be an option to start at right tackle. The veteran likely will compete with James Brewer this summer for the job. Diehl's presence on the roster this season is key because the Giants simply do not have a lot of experience after the starters and Diehl. It's still possible that the Giants could draft a young offensive lineman in April or add a cheap veteran like they did last offseason with Sean Locklear, who is a free agent and is recovering from a season-ending knee injury.
As for free agency, the Giants likely will make only cheap additions, if they do so at all. But Jerry Reese has accomplished a goal of keeping the offensive line's continuity intact by keeping left tackle Will Beatty, Boothe and Diehl. The general manager also managed to work out pay cuts with Corey Webster and Diehl to free up much-needed cap space.