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Giants restructure Mathias Kiwanuka's contract

Mathias Kiwanuka celebrates a sack of Green Bay

Mathias Kiwanuka celebrates a sack of Green Bay Packers quarterback Aaron Rodgers during the second half of a game at MetLife Stadium. (Nov. 25, 2012) Credit: AP

One and a half million dollars of Mathias Kiwanuka’s base salary for 2013 has been converted to a bonus, knocking the Giants’ salary cap down $1 million for the upcoming season.

The Giants can defer the $1.5 million over the three remaining years of Kiwanuka’s contract, meaning the cap number for the defensive end/linebacker will go up by $500,000 in both 2014 and 2015. But the immediate result of the restructuring helps put the Giants approximately $5 million below the current expected salary cap for 2013.

Kiwanuka’s new base salary for 2013 will be $1.45 million, according to NFLPA records. Last spring he signed a four-year contract valued at $21.75 million.

New York Sports