The Giants parted ways with veteran RB Jonathan Stewart on Wednesday, as SNY’s Ralph Vacchiano confirmed the team would not exercise the second year of his contract.
Stewart was due a $500,000 option bonus today, but by cutting him, the Giants don’t have to dish that out. With the bonus, he would’ve been a $3.275 million cap hit this season. Now, the Giants have $3.025 million more in cap space to use this offseason.
Many were confused when GM Dave Gettleman signed the 31-year-old Stewart this past offseason after seeing a decline with the Panthers in 2017. He was viewed more as a good locker presence than an expected playmaker for the team, especially after drafting rookie RB Saquon Barkley in the first round.
This was an expected cut by the Giants after Stewart played in just three games, collecting only 17 yards on six rushes.