He is scheduled to earn $3.6 million in base salary in 2015, with $900,000 of that guaranteed.
Beason played in only four games last season after a foot injury he suffered in preseason hampered him all year.
Beason's injury past was the reason why the Giants gave him a "show-me" deal last year with so little of the money guaranteed. True to form, Beason got hurt in camp and was not able to play the majority of the season.
The Giants are realizing they cannot stand pat in free agency as GM Jerry Reese had suggested at the end of last season. They need to free up cap space in order to make some offers to players that may able to help. The past week or so, they've been doing that. Should Beason not agree to the pay cut, he'll likely get a cut of another kind.