The Giants and Plaxico Burress neared a settlement Friday in which Burress will agree to a one-game suspension, but have the financial penalties he faces after disciplinary action reduced, league sources told ESPN.

Plaxico Burress was suspended for one game by the Giants on Wednesday for an undisclosed violation of team rules, according to an Associated Press report. FoxSports reported that Burress failed to show up for work on Monday and not responding to several phone calls by the team to explain his unexcused absence both Monday and Tuesday, FOXSports.com has learned. The suspension means Burress will miss two weeks worth of pay as well as the team's Week 5 game vs. the Seahawks.