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Giants RB Shane Vereen Agrees To $1M Pay Cut

James Kratch of NJ.com reports that Giants RB Shane Vereen has agreed to reduce his 2017 base salary from $3.15 million to $2.15 million.

  • Mike Garafolo adds that Vereen’s new deal allows him to make back the $1 million he agreed to give up in incentives that amount to: $500,000 in per-game roster bonuses, $250,000 for 300 rushing yards, $150,000 for 500 rushing yards, $200,000 for 40 catches and $150,000 for 55 catches.

Vereen, 28, is a former second-round pick of the Patriots back in 2011. He played out his rookie contract with the Pats before signing a three-year, $12.35 million that included $5 million guaranteed with the Giants back in March of 2015.

Vereen was set to make a base salary of $3.15 million for the final year of the agreement.

New York placed Vereen on injured reserve back in September of last year with a triceps injury before designating him as their player to return. Unfortunately, Vereen returned to the injured reserve list in December.

In 2016, Vereen appeared in five games and rushed for 158 yards on 33 carries (4.8 YPC) to go along with 11 receptions for 94 yards receiving and one total touchdown.