The Giants and Osi Umenyiora announced Friday that they agreed to a restructured contract that will effectively keep the long-disgruntled defensive end in New York this season.
Loose details of the deal have trickled out, though nothing concrete has been confirmed. NFL Network’s Albert Breer reported late Friday that Umenyiora likely got a one-year deal worth in the range of $7 million to $7.5 million in 2012. Umenyiora is expected to receive a signing bonus of about $3 million, with a voidable year in 2013 to spread out the salary cap hit.
Mike Garafolo of the Newark Star-Ledger has similar numbers, citing a person informed of the talks between Umenyiora and the Giants. Keep in mind that the financial details we know about are based on recent discussions, and not necessarily the exact numbers Umenyiora and the Giants ultimately agreed upon.
Regardless, it sounds like Umenyiora received what amounts to a one-year contract. He’ll play out this season with a raise on his old $3.975 million salary, and be free to test the unrestricted free agent market next spring.
