Giants to Pay Out Shane Vereen’s Roster Bonus

Running back remains in Giants plans for 2017.

The New York Giants are not planning to cut or apparently restructure running back Shane Vereen, who is due a $500,000 roster bonus March 13.

Vereen spent most of last year on injured reserve with a torn triceps muscle first suffered in Week 3 of the season and then later again in the season after he had returned from the temporary injured reserve list.

The 28-year-old Vereen is entering the final year of the three-year contract the signed with the Giants in 2015. With the $500,000 roster bonus payout, he’s due to count for $4.916 million against the 2017 cap.

Vereen has played in 21 games over two seasons for the Giants, serving primarily as the team’s third-down back and receiver out of the backfield.

As a Giant, Vereen has 418 rushing yards on 94 carries with one touchdown. He also has 588 receiving yards on 70 receptions and four touchdowns.

The Giants missed Vereen’s presence in the lineup last year, particularly on third downs. With Vereen in the lineup, the Giants converted 47.1 percent of their third down attempts. Without him, their conversion rate dropped to 33.1 percent in the regular season, and 31.2 percent in the lone postseason game.

Per NFLPA records, the Giants began the new week with $6,875,876 of cap space.; however, it was unclear if that figure included the weekend signing of guard D.J. Fluker, who inked a deal worth a reported $3 million. Either way, the Giants and Kansas City are currently the only two teams whose cap space is under $10 million.