cut three high-priced veterans on February 10th: middle linebacker Jon ..."/> cut three high-priced veterans on February 10th: middle linebacker Jon ..."/> cut three high-priced veterans on February 10th: middle linebacker Jon ..."/>

New York Giants Cut Jon Beason, Will Beatty, and Geoff Schwartz

Nov 30, 2014; Jacksonville, FL, USA; New York Giants guard Geoff Schwartz (74) is carted off the field after being injured in the first quarter against the Jacksonville Jaguars at EverBank Field. Mandatory Credit: Phil Sears-USA TODAY Sports
Nov 30, 2014; Jacksonville, FL, USA; New York Giants guard Geoff Schwartz (74) is carted off the field after being injured in the first quarter against the Jacksonville Jaguars at EverBank Field. Mandatory Credit: Phil Sears-USA TODAY Sports /
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The New York Giants cut three high-priced veterans on February 10th: middle linebacker Jon Beason, former starting left tackle Will Beatty, and 2014 free agent signing Geoff Schwartz.

UPDATE (2/10/16 3:12pm): Jon Beason Announced His Retirement

Many saw Jon Beason’s release dating back to November 8th when he was shut down for the season, listing him as one of the players Big Blue would move on from in 2016. The former Carolina Panther got wistful about his former team advancing to the Super Bowl leading up to the big game, but still wanted to remain with the Giants. Beason was the fifth highest cap hit, and will cost the Giants $1,466,668 in dead cap.

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  • Beatty’s release also seemed to be forthcoming after he tore his rotator cuff in November when trying to return to the lineup following a torn pec leading into the 2015 season. He, along with Beason, Schwartz, and Cruz led the list of potential salary cap cuts. Will had the third highest cap hit at $9.175 million. The Giants could’ve saved $2.5 million if they cut Beatty after June 1st, but will instead take on $5 million.

    Though Schwartz lost favor with a lot of Giants fans after repeated injuries that limited his action on the field, he still had a sect of ardent supporters. His release was a little more surprising, considering his brother, Cleveland Browns tackle Mitchell Schwartz, could land with Big Blue. But, the writing on the wall became more legible when articles indicated that Geoff wasn’t the best recruiter and had mixed emotions about playing with Mitchell. Geoff was the seventh largest cap hit before being released, and the Giants will absorb $1,916,667 in dead cap.

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    The other veteran who many believe the Giants would part ways with is wide receiver Victor Cruz, however, it appears Victor is open to restructuring his contract and taking a pay cut to stay with the team after missing almost two seasons to injury. Right now, Cruz has the second biggest cap hit.

    Could J.T. Thomas be on watch? The outside linebacker signed as a free agent from Jacksonville last season is just behind Shane Vereen and Geoff Schwartz in terms of hits to the cap.