Corey Webster's restructured contract

Big_Pete Wed Mar 18, 2009 6:50 pm

from http://www.nj.com/giants/index.ssf/2009/03/catching_up_on_a_few_new_york.html

Corey Webster's restructured contract and other New York Giants tidbits

by Mike Garafolo/The Star-Ledger
Wednesday March 18, 2009, 12:05 PM
Cornerback Corey Webster and the Giants agreed to some minor changes to his contract.

On to a few quick Giants tidbits:

In yet another example of why you, me or anybody else without all the details should never try to calculate salary-cap space, I just noticed that, in February, the Giants renegotiated the extension they gave CB Corey Webster in December. No big changes to overall value; just some tweaks for cap purposes. Basically, they took $3.6 million of the $9 million Webster was guaranteed for this season (in the form of a base salary and a roster bonus) and converted it into a signing bonus. So his cap number was trimmed from $10,237,500 to $7,357,500. Also, forget about these numbers. Your new ones are as follows:

2009: $5.4m base
2010: $2.75m base (guaranteed), $4m roster bonus
2011: $8m base
2012: $6.5m base
2013: $7m base

And workout bonuses of $250k from 2010-13.

Big_Pete Wed Mar 18, 2009 6:51 pm

Is Jerry Reese creating some cap room to enable a trade?

Corey Webster's restructured contract

Corey Webster's restructured contract

Re: Corey Webster's restructured contract