Eli Manning Restructures Contract, Helps Free Up Giants' Cap Space

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Friday March 9th, 2012

While Peyton Manning has dominated the sports news cycle for more than 24 hours now, his brother Eli has made news as well -- the New York Giants' quarterback has agreed to restructure his contract and free up a little space under the salary cap for the defending Super Bowl champs, according to the Star-Ledger.

Manning, who was guaranteed $9 million of his $10.75 million base salary for 2012, has agreed to take a base salary of just $1.75 million and spread the rest over the remaining four years of his contract. The Giants were around $9 million over the cap and needed to get down by the start of the league year Tuesday.

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