Harris had three years remaining on a five-year deal signed prior to the 2015 season. He was due $2.975 million in base salary and a $25,000 workout bonus this year. None of his 2017 salary was guaranteed. He also had a $3.8 million salary cap number this year, a significant hit for a special teams player who struggled as a returner in 2016.
In the reworked contract, Harris' base salary was reduced $500,000 to $2.475 million for 2017, according to the records. But there is now $1.1 million fully guaranteed, a source told ESPN.
Harris can also make back the $500K plus an additional $100K in an incentive where he needs to average 10-plus yards per punt return this upcoming season, the source added. He averaged 10.0 yards per punt return in his first year with the Giants but 5.9 this past season.
The end result is Harris' salary cap number will be lowered $500K to $3.3 million this season since it's officially considered a not likely to be earned (NLTBE) incentive.
The Giants were looking to restructure Harris’ deal since the addition of wide receiver Brandon Marshall at the start of free agency. If a there wasn’t a compromise, there was a possibility of Harris being released, a source told Adam Schefter at the time.
If released, the Giants would have saved just $1.4 million against the cap and taken a hit of $2.4 million in dead money.
Harris, 29, made the Pro Bowl this past season primarily on reputation and work as a gunner on the punt cover team. He was rarely used on offense, running a total of 11 pass routes, according to ESPN Stats and Information.
The veteran receiver caught a touchdown pass on his only reception of the season -- and only target -- in a Week 12 win over the Cleveland Browns.
Despite starring as a returner in his first season with the Giants, he struggled this past season. One year after returning both a kickoff and punt for a touchdown, the Giants took him off returns at times because of his lack of ball security and sometimes questionable decision-making.