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Webster re-do clears $4.5 million in cap space


Even though Giants cornerback Corey Webster cut his compensation in 2013 from $7.25 million to $4 million, the team managed to create another $1.25 million in cap space.

Per a source with knowledge of the contract, Webster’s $7 million base salary and his $250,000 workout bonus became a $1.25 million base salary, a $2.5 million signing bonus, and a $250,000 workout bonus.

Half of the signing bonus moves to a voidable year of 2014, pushing $1.25 million in cap space forward by one year.