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The Giants needed the savings to sign their draft class and operate throughout the season. They were just $6 million under the cap as of last week, according to the Roster Management System.
Bradberry had $2 million of his $13.4 million base salary guaranteed at the start of the league year.
“Listen, he’s a starting corner in the league,” Schoen told WFAN last week. “It’s just where we are financially. We still got to sign our draft picks, be able to sign our practice squad and have replacement costs for during the season.”
Despite the move, the Giants still have to eat almost $10 million in dead money against the cap. That leaves them with close to $30 million in dead money for this upcoming season, fifth-most in the NFL.
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