When it was first announced that the NY Giants had signed Daniel Jones to a four-year deal, a lot of people couldn’t believe the number that was attached: $160 million. Holy smokes, $40 million a year for a guy who has had one strong year for the Giants, and tossed for 15 touchdowns this past season?
We’ll admit, we were a bit shocked as well. However, the full details of the contract have been revealed and a lot of people owe general manager Joe Schoen an apology – because this deal looks fantastic on paper.
According to Ian Rapoport, $94 million is guaranteed at signing, with $82 million coming after two seasons. That’s right, the G-Men pretty much have an out if they want it after two years. Not only that, the cap hit for Year 1 will be $19 million. Seriously? This is a major win for Schoen and the front office.
Details on the #Giants deal for QB Daniel Jones:
— Ian Rapoport (@RapSheet) March 7, 2023
-- 4 years
-- $160M
-- $35M more in incentives
-- $82M over the first two years
-- $94M virtually guaranteed at signing.
-- First-year cap number around $19M.
NY Giants GM Joe Schoen worked a fantastic deal with Daniel Jones
All in all, this really does feel like a huge victory for Schoen. What really stands out here is the $19 million cap hit for the 2023 season. Earlier in the day, it was looking like the Giants were going to use the non-exclusive franchise tag on Jones, which would have resulted in a $32.4 million cap hit for next season. That would have been back-breaking.
Instead, the number will be much lower, opening the door for Schoen to add some playmakers on both sides of the ball. With the Giants finalizing their contract with Jones, it also resulted in Schoen quickly putting Saquon Barkley on the non-exclusive franchise tag.
Barkley will earn $10.1 million next season. However, he could still ink a multi-year deal as well. Yes, the $160 million scared a bunch of people and led to plenty of haters to troll the Giants and Schoen.
However, once you dive into the numbers, it really is a smart move for Schoen and the rest of the NY front office. It opens up several doors for Big Blue this offseason, which is incredible to see. Something tells us this is the first of several major moves coming from East Rutherford.
NY Giants reportedly agree to terms with Daniel Jones on monster contract extension
The big news has arrived for the NY Giants and quarterback Daniel Jones, with the two sides agreeing to a huge contract before the tag deadline.