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Reports: Giants Cornerback Corey Webster, Center David Baas Re-Work Contracts

EAST RUTHERFORD, N.J. (CBSNewYork/AP) — New York Giants cornerback Corey Webster and center David Baas have re-worked their contracts for the 2013 season with the team, according to multiple reports.

NFL Network first reported the agreements and said Webster took a $3 million pay cut. He had a disappointing 2012 season and will earn $4 million in the final year of his contract.

Webster played all 16 games for Big Blue in 2012. He recorded 58 tackles and picked off four passes. However, he also saw receivers that he was covering catch at least a half-dozen touchdowns.

NFL Network also said Baas re-structured his five-year contract. He still will earn $4.25 million in his third year but his base pay was lowered to $1.25 million. The other $3 million will come as a signing bonus.

The moves combined will clear roughly $6 million in cap space for the Giants, giving them $9 million for free agency.

The Giants, who missed the playoffs with a 9-7 record after winning the Super Bowl the previous season, could create more space if they rework tackle David Diehl's contract. He is due to make $4.475 million this season, and also had a subpar year in 2012.

New York may need more money with receiver Victor Cruz, halfback Andre Brown and safety Stevie Brown all being restricted free agents.

Joe Flacco and the Super Bowl Champion Baltimore Ravens targeted Webster late in the season in a 33-14 win over New York, with receiver Torrey Smith beating the former LSU star for their first touchdown.

Webster played a major role in the Giants' two recent Super Bowl titles, with his interception of a Brett Favre pass in overtime setting up Lawrence Tynes game-winning field goal in the NFC title game against the Green Bay Packers early in 2008.

Baas was signed as a free agent after the Giants released Shaun O'Hara after the NFL lockout ended before the 2011 season. He has started the past two seasons but also has been limited by nagging injuries in his short tenure.

Do you still believe in Corey Webster, Giants fans? Sound off with your thoughts and comments below...

(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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