The New York Giants released two veterans Wednesday morning, cutting bait with RG Geoff Schwartz,, LT Will Beatty and LB Jon Beason announced his retirement.. The Giants will save $11.7 million in cap space with the moves.
Schwartz, 29, signed a four-year, $16.8 million dollar contract before the 2014 season, but struggled to stay on the field. He made just 13-of-32 starts due to several injuries, including a stint on I.R.-designated for return in 2014 with a toe injury. He ended this past season on I.R. after suffering a broken ankle in Week 12. Schwartz later admitted he was also dealing with nerve damage in his foot/ankle before the injury. Schwartz proved to be a tough run blocker when on the field, so it seems likely that another team will give him a shot as long as he can prove that he’s healthy.
Beason announced his retirement which saves the Giants $4.5 million against the cap. Beason, 31, has also seen his Giants tenure marred by injuries. Over the past two seasons, the veteran linebacker has only played in nine games due to multiple injury issues. The former first round Miami product also recently underwent knee surgery and there are reports that he may be considering retirement.
Beatty, 30, missed the entire 2015 season after suffering a torn pectoral muscle last May. He also underwent surgery on his rotator cuff towards the end of last season. The move will save the Giants $4.175 million in cap space. Beatty was very productive in his stint with the Giants, protecting Eli Manning’s blind side while helping the G-men win a Superbowl in 2011. However, his current price tag combined with the emergence of Ereck Flowers gave the Giants a good reason to cut bait with Beatty.
These moves leave GM Jerry Reese with an expected $60 million in cap space on top of the 10th pick in the draft, which should enable the Giants to restock the roster with talent for Ben McAdoo’s head coaching debut. This will almost certainly be a make-or-break moment for a GM many think should’ve left with Coughlin this offseason. The Giants are in the midst of a large roster overhaul, and many more moves should be coming in the following weeks.