Geoff Schwartz’s Contract Re-Structured by Giants: According to NFL Player Association records, the contract of offensive guard Geoff Schwartz has been re-structured. Schwartz’s 2015 base salary of $3,675,000 was reduced to $1,675,000. NJ.com is reporting that Schwartz can earn $1,500,000 back in per game roster bonuses and that he had $500,000 of his 2016 salary guaranteed.
According to NJ.com, the net result is Schwartz’s 2015 cap number will be reduced from $4,975,000 to $2,845,000, “saving” the team $2,130,000 against the 2015 cap. But this re-structure should not be considered a “pay cut.” Assuming Schwartz does not get hurt, he should be able to recover all of that money and the Giants cap hit will be larger in 2016.
The Giants signed Schwartz as an unrestricted free agent from the Kansas City Chiefs to 4-Years, $16.8 million contract in March 2014. In his first season with the Giants, Schwartz suffered through an injury-plagued season that saw him play in only two games at right tackle because of serious toe and ankle injuries that both required surgery. He missed both the first 10 and last four games of the season, ending up on Injured Reserve in December. Schwartz was originally drafted in the 7th round of the 2008 NFL Draft by the Carolina Panthers. He has spent time with the Panthers (2008-10), Vikings (2012), and Chiefs (2013).
The New York Daily News and NJ.com are reporting that the Giants now $9,157,931 under the 2015 NFL salary cap.
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