The Giants have traded linebacker Olivier Vernon to Cleveland, the Browns announced on Wednesday.
New York also traded wide receiver Odell Beckham Jr. to Cleveland. The Giants will receive a first-round pick in 2019 (No. 17 overall), the Browns' second third-round pick (No. 95 overall) this year, right guard Kevin Zeitler and safety Jabrill Peppers.
The news comes just two days after the Giants declined to use a franchise tag on defensive playmaker Landon Collins.
Vernon logged seven sacks last season, his second-highest total since signing with the Giants in 2016, despite missing the first four games with a high-ankle sprain. In three seasons since signing an $85 million contract with the Giants, Vernon has 22 sacks and 131 total tackles.
Zeitler, who signed with the Browns in 2017, was ranked as Pro Football Focus's sixth-best offensive guard in 2018, allowing just one pressure in pass protection for every 63 snaps.
Vernon had two years left remainin on his contract and a base salary of $15.25 million in 2019 and 2020 with cap hits of $19.5 million both years.
By trading him prior to June 1, the Giants will save $11.5 million against the cap and carry $8 million in dead money on their books for the 2019 season.