The New York Giants have restructured the contract of Pro Bowl defensive tackle Dexter Lawrence, freeing up an estimated $7.5 million in salary cap space.
Field Yates was the first to report the news.
The Giants have restructured DT Dexter Lawrence’s contract by converting $10M of his base salary into a signing bonus.
The move creates $7.5M in 2024 cap space.
— Field Yates (@FieldYates) March 21, 2024
Last May, Lawrence signed a four-year, $87.5 million extension with the Giants in which his cap hit for 2024 had him at $22.075 million.
The conversion allows the Giants — who were approximately $2.5 million over the cap — some flexibility to add another mid-level free agent or two and also keep some space available for their incoming draft class.
