The Giants restructured the contract of left tackle Andrew Thomas, Field Yates of ESPN reports.
Thomas had $4.175 million of his base salary converted into a signing bonus. The move cleared $3.34 million in cap space for the Giants in 2024.
The team now has around $18 million in cap space, per Yates.
Thomas, 25, has started 54 games since the Giants made him a first-round pick.
The Giants signed him to a five-year, $117.5 million contract extension in 2023.