By voiding Webster's contract, the Giants save $1 million in cap space, while with Myers, they save $3.25 million, thus giving the team an extra $4.25 million in salary cap relief that will allow them to add potential free agents when that period kicks off on March 11.
Webster's contract being voided comes as no surprise considering last year, he had to take a rather large pay cut in order to stay with the Giants in 2013 and thought he would rebound from a terrible 2012 season, although it wasn't disclosed until well after the year that Webster was playing with a broken hand, which hampered his ability to engage defenders properly; his salary was reduced from $7.25 million down to $4 million.
The 31-year-old appeared in just four games for the Giants and dealt with groin and ankle injuries that shelved him since the end of October and was placed on season-ending Injured Reserve in mid-December when the team decided that he wouldn't be able to return to help an already depleted secondary. It was speculated back in December that if Webster went on injured reserve, his career with the Giants would be over due to his inability to stay on the field.
Myers on the other hand, had his four-year, $14.25 million deal voided after one extremely disappointing season in New York in which he failed to live up to expectations that came with him after a solid 2012 season with the Oakland Raiders. In 2013, Myers had 47 catches for 522 yards and four touchdowns, but he never developed as a reliable target for Eli Manning and in some games, Manning wouldn't even target him because they never developed that trust he had with past tight ends. Plus, Myers was terrible in the blocking part of his duties as a tight end and made his contract a very expendable one.
The 28-year-old came off a season where he had 79 catches for 806 yards and four touchdowns with Oakland and many thought those numbers would translate into an even bigger season in New York, but it never happened and the loss of Martellus Bennett to free agency turned out to be a greater loss than expected.
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