The Giants parted ways with veteran RB Jonathan Stewart on Wednesday, as SNY's Ralph Vacchiano confirmed the team would not exercise the second year of his contract.
Stewart was due a $500,000 option bonus today, but by cutting him, the Giants don't have to dish that out. With the bonus, he would've been a $3.275 million cap hit this season. Now, the Giants have $3.025 million more in cap space to use this offseason.
Many were confused when GM Dave Gettleman signed the 31-year-old Stewart this past offseason after seeing a decline with the Panthers in 2017. He was viewed more as a good locker presence than an expected playmaker for the team, especially after drafting rookie RB Saquon Barkley in the first round.