In their latest move to clear salary cap space before the top 51 rule expires on Thursday, the New York Giants have re-structured the contract of veteran wide receiver Sterling Shepard.
The Giants converted $5.985M of WR Sterling Shepard’s base salary into a signing bonus, creating $3.99M in cap space.
Sterling’s cap charges go up by $1.995M in 2022-2023, while New York gets 2021 space.— Field Yates (@FieldYates) September 8, 2021The Giants also re-structured the contract of defensive backa Logan Ryan and Josh Jackson this week.