Giants SLB Mathias Kiwanuka has agreed to convert $1.5 million of his 2013 base salary into a signing bonus, freeing up cap space.
The $1.5 million was already a guaranteed portion of Kiwanuka's $2.95 million salary. So he's not losing any money. The simple restructure will give the G-Men a better chance to re-sign key free agents Martellus Bennett and Will Beatty. Kiwanuka, 30, managed just 37 tackles and three sacks as a 2012 role player.