EAST RUTHERFORD, N.J. (AP) — New York Giants cornerback Corey Webster and center David Baas have re-worked their contracts for the 2013 season with the team, a person familiar with the situation said Thursday.
The person, who spoke on condition of anonymity because the Giants haven't announced the deals, told The Associated Press that the starters and the team just finished work on the contracts.
NFL Network first reported the agreements and said Webster took a $3 million pay cut. He had a disappointing 2012 season and will earn $4 million in the final year of his contract.
NFL Network also said Baas re-structured his five-year contract. He still will earn $4.25 million in third year but his base pay was lowered to $1.25 million. The other $3 million will come as a signing bonus.
The moves combined will clear roughly $6 million in cap space for the Giants, giving them $9 million for free agency.
The Giants, who missed the playoffs with a 9-7 record after winning the Super Bowl the previous season, could create more space if they rework tackle David Diehl's contract. He is due to make $4.475 million this season, and also had a sub-par year in 2012.
New York may need more money with receiver Victor Cruz, halfback Andre Brown and safety Stevie Brown all being restricted free agents.
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