Giants QB Eli Manning was asked whether or not he would be willing to restructure his current contract to free up some additional cap space moving forward.
“I haven’t thought about it, but if they come to me, yeah, we’ll discuss it and figure out a plan,” Manning said Wednesday, via Jordan Ranaan of NJ.com.
Manning, 32, signed a seven-year contract worth $106.9 million that included $35 million guaranteed back in 2009. He still has two years remaining on current deal with base salaries of $15.15 million and $17 million coming his way.
According to Overthecap.com, the Giants have $108.5 million in total salary against their 2014 cap. Albert Breer of the NFL Network passed along a 2014 cap projection of $126 million for next year, which means the Giants should have something close to $17 million to work with before any offseason moves are made.
Manning is a candidate for a long-term extension, but a new deal is likely to increase his average base salary now that Aaron Rodgers, Matt Ryan and Joe Flacco have raised the bar for quarterback compensation. With this in mind, Manning could easily come close to $20 million annually in his next deal, considering that he has two Super Bowls rings in the past five years.