Giants' David Diehl takes massive pay cut

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Wednesday March 27th, 2013

Giants right tackle David Diehl took a pay cut of $3.375 million to stay with the team. (Jeff Zelevansky/Getty Images) Giants right tackle David Diehl reportedly took a pay cut of over $3 million to stay with the team. (Jeff Zelevansky/Getty Images)

New York Giants right tackle David Diehl agreed Tuesday to a pay cut that keep him with the team for one more season, reports the New York Daily News.

Diehl will make $1 million this season, down from the $4.475 million he was scheduled to make. This allows the team to clear salary cap space.

From the Daily News report:

As part of the “restructuring” the Giants also guaranteed $200,000 of his $1 million salary, essentially turning it into a bonus. The pay cut also lowers Diehl’s salary cap number from $6,903,125 to $3,428,125 – clearing a much-needed $3.475 million in room for the Giants under the NFL’s $123 million salary cap.
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