The Giants traded linebacker Olivier Vernon to the Browns in exchange for offensive guard Kevin Zeitler on Friday, SNY.tv's Ralph Vacchiano confirmed.
New York ultimately clears $1.5 million of cap space in the trade. Zeitler, who is entering the third year of a five-year, $60 million deal, carries cap hits of $10 million this season and in 2020, and $12 million in 2021.
Vernon, meanwhile, is entering the fourth year of a five-year, $85 million deal. The Giants are responsible for $8 million in dead money even though Vernon carries cap hits of $19.5 million in 2019 and 2020. Cleveland is on the hook for $15.25 million of Vernon's salary.
The Giants also dealt a fourth-round pick (132nd overall) and received a fifth-rounder (155th overall).
Vernon, 28, earned his first Pro Bowl spot last season, recording seven sacks, 30 combined tackles and one forced fumble in a career-low 11 games for New York.
Zeitler, 29, was Pro Football Focus' sixth-ranked offensive guard last season. He has appeared in 16 games in each of the past four seasons.