Mon 3/17/14 6:07 PM

Giants DE Mathias Kiwanuka agreed to a $2.175 million pay cut. Kiwanuka was mentioned as a possible cap casualty following the season. Instead, he's reducing his 2014 base salary from $4.375 million to $1.5 million and receives a $700,000 bonus in return. Kiwi can earn another $125,000 back via incentives. The move created $2.05 million in cap space for the Giants.