The New York Giants have released Victor Cruz and Rashad Jennings.
Cruz is less than three years removed from major knee surgery and would have counted for $9.4 million against the Giants' salary cap in 2017. New York will free up $7.5 million in cap space with his release.
Jennings would have counted $3,062,500 against the cap in 2017. Releasing him frees up $2.5 million in cap space for the Giants.
Cruz took a significant pay cut to return to the Giants last season. He still made $5.4 million and wanted to return to the team that signed him as an undrafted free agent out of UMass in 2010.