The Giants will pay RB Shane Vereen's $500,000 roster bonus prior to Monday's deadline, ensuring he will be on the roster, reports Kimberly Jones of the NFL Network.
He is due $3.1 million this coming season (aside from the bonus), with a cap hit of $4.9 million.
The 28-year-old Vereen tore his triceps last September. He returned in December but re-injured his triceps and missed the remainder of the season.
Vereen played in five games in 2016, rushing 33 times for 158 yards and catching 11 passes for 94 yards.
At the moment, Paul Perkins is expected to be the Giants' primary running back in 2017.
It's not exactly a surprise that the Giants will pay Vereen his bonus. The amount is so small (relatively) that they weren't going to push a decision like this all the way to the deadline. If they had wanted to cut Vereen, it probably would've happened weeks ago.
It didn't because the Giants love what Vereen brings to the their offense. In 2015, he caught 59 passes for 494 yards and they felt it was just the beginning - that he was even underused. They believe he is a dangerous weapon out of the backfield and a piece they were missing from their third-down and two-minute packages last year when he missed most of the season with a torn triceps.
Assuming he's healthy, there's no reason to think that at 28 he can't rebound with a big season. And it won't cost the Giants much to find out. He's only due a $3.1 million salary on top of his $500,000 bonus, and his cap number is a reasonable $4.9 million.
Yes, they need cap room, but cutting Vereen would have only cleared $3.6 million, and then the Giants would've needed to spend some of that on his replacement, which wouldn't have been easy to find. They have so many other needs at the moment, it wouldn't make any sense at all to create another hole in the lineup by getting rid of an inexpensive player who can still be a big help.