It’s been a contract squabble for years. The Giants and DE Osi Umenyiora have been at an impasse for a long, long time. The battle got to the point where Umenyiora was one of the named plaintiffs in the NFLPA Lawsuit in which he called Giants GM Jerry Reese a liar. It seems today, though, that has ended. The Giants have agreed to restructure the terms of the last year remaining on the disgruntled defensive ends deal.
According to DE Osi Umenyiora, “This gives me peace of mind, definitely. We just resolved a situation. It really was affecting me in a bad way. Because I didn’t like all the negativity that was surrounding the whole situation. I couldn’t stand it, because if you know me, you know I’m not that type of person. I’m just happy all that is over with and I’ll be there. I’ll play out this contract, I’ll play this year and I’ll play my heart out.” It should also be noted that Umenyiora will report to OTA’s on Monday. Before this restructured deal, it had been reported that Umenyiora might consider skipping mandatory minicamp. However, that has been avoided.
The original deal called for him to earn just under $4 million this season. The new deal should add about $2 to 2.5 million in a signing bonus plus another $500,000 or so in a roster bonus. According to another source, another bonus will set in if he reaches 10 sacks. In other words, an incentive. The thing Umenyiora turned down last season. The offer included an easily voidable 2013 season, which would allow the team to spread the cap hit over two seasons and would also allow Umenyiora to hit free agency next season. According to another source, the team has told Umenyiora they won’t franchise tag him next season, either.
A source also confirmed that the deal was directly negotiated with Umenyiora, who recently fired his long-time agent Tony Agnone and Giants GM Jerry Reese himself. Although unlikely, this good-faith deal could eventually lead to a new deal next off-season if Umenyiora preforms well and the Giants deem him worth trying to re-sign to the long term extension he covets. Umenyiora will not have to pay Agnone for the new roughly $3 million added to his deal, which will save him about $100,000 in agent fees. Not bad.
The deal is a win-win for both sides. The Giants get another year out of Umenyiora, with him ready to prove he’s worth a long-term, rich contract extension. Umenyiora will in-essense, double his salary and hit free agency next season. The Giants will head into the season with no contract squabbles and yes, some peace and quiet.