So yeah, you all can just go ahead and forget everything I wrote in that post earlier today about the Osi Umenyiora situation not getting resolved any time soon. The New York Giants announced that they have agreed with Umenyiora on a restructured contract, and in the announcement Umenyiora says he's happy and planning to be at OTAs next week:

"I'm just happy; I'm happy all that's over with," Umenyiora said in a team press release. "It's time to get back to work.

Osi Umenyiora

#72 DE
New York Giants

2011 STATS

• Tot25
• Solo16
• Ast9
• FF2
• Sack9.0
• Int0

"This gives me peace of mind, definitely," he added. "We just resolved a situation. It really was affecting me in a bad way. Because I didn't like all the negativity that was surrounding the whole situation. I couldn't stand it, because if you know me, you know I'm not that type of person. I'm just happy all that is over with and I'll be there. I'll play out this contract, I'll play this year and I'll play my heart out."

So there you have it. I guess it was all the agent's fault! (Just kidding. Actually, if I'm the agent, I'm a little ticked off right now and probably could make the argument that I deserve a least a little bit of this. But that's for another day.)

Seriously, it appears clear now that Umenyiora was never after a long-term deal and whatever security that offers in today's NFL, but that all he really wanted was to be paid more than he was being paid. Early indications are that Umenyiora's contract was not extended and that he will still be eligible for free agency next year, but that he got a raise for 2012 (from the nearly $4 million he was scheduled to make to something in the $6 million to $7 million range, most likely) and added a voidable 2013 year to allow the Giants to diffuse the salary cap hit. Win-win deal. The Giants get to give him what he wants and get him into camp at very little (if any) cost to their salary cap. And Umenyiora stops complaining, at least for now.

In the end, I don't think the team "caved." They can surely afford to pay Umenyiora more cash, as long as the salary cap remains relatively unaffected. And I'm not sure Umenyiora really "caved" either, because it doesn't appear that the long-term deal was as important to him as a larger salary this year. Seems to me this is a deal that works for both sides and, more importantly, means we can stop discussing this situation for a while.