Eli Manning restructures contract

Updated: March 8, 2012, 4:04 PM ET
By Ohm Youngmisuk | ESPNNewYork.com

The New York Giants had some work to do with their salary cap situation, and general manager Jerry Reese has freed up nearly $7 million of cap space by restructuring Eli Manning's contract.

According to NFL Players Association records, Manning's base salary is now $1.75 million, down from $10.75 million. The Giants, who were at $9 million over the cap at one point last month, according to ESPN NFL insider Adam Schefter, created approximately $6.75 million in cap space with the ...

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