When discussing New York Giants cornerback Deonte Banks this past May, we asked whether he or edge rusher Kayvon Thibodeaux — both of whom were coming off the bench during offseason workouts — would be traded first.
John Harbaugh and Joe Schoen are likely still patting themselves on the back for keeping the Maryland product around. Banks has revived his career under Harbaugh and defensive coordinator Dennard Wilson, and he continues impressing against opponents’ top receivers. Although the Texans’ C.J. Stroud threw Nico Collins’ way five times on Sunday afternoon, the veteran wideout had only two catches for six yards against Banks.
“It felt great,” Banks said after the Giants’ overtime win. “It’s a great thing. Because they trust me to follow their number one.”
According to NFL Next Gen Stats, Banks allowed four catches for 25 yards. Not too bad for someone whose fifth-year option was declined earlier this year.
Will the New York Giants offer cornerback Deonte Banks a new contract within the coming months?
Schoen and Harbaugh have less than five months to decide whether they believe the 25-year-old Banks is finally playing up to his potential or if he’s simply taking advantage of a contract year. Although they could apply the franchise tag, nothing is stopping him from holding out for a new contract.
If it sounds like we’re looking too far ahead, then you need to familiarize yourself with the modern NFL. At his current pace, Banks should have no problems securing a multi-year deal containing plenty of guaranteed money. He’s already been credited with 10 pass breakups and is three away from a new career high.
Teams love overpaying young players and betting that a breakout season signals what’s to come.
There have been no credible reports about Banks’ long-term future in New York. Granted, he shouldn’t feel compelled to sign a new contract now when he can hold off and instead be the subject of a bidding war.
Giants' Deonte Banks contract extension could cost upwards of $55 million
It's difficult to predict the exact value of a potential deal for a player who hasn't been impressive until this season, but we'll give it a shot. If Banks signed a contract extension with the G-Men, he'd likely want to be the highest-paid cornerback on the team. Paulson Adebo currently makes $18 million per year, so let's put Banks at $18.5 million.
On a three-year contract, that would put the total value around $55.5 million. With that price in mind, the Giants would be wise to wait until after the season to make a deal. That way, they can at least have a larger sample of quality play from the athletic cornerback.
Banks’ emergence has been vital given the Giants’ other defensive injuries. Veteran linebacker Tremaine Edmunds recently joined Brian Burns and Roy Robertson-Harris on season-ending injured reserve, and safety Jevon Holland missed Sunday’s win with a concussion.
Given the nature of concussion and head injuries, it remains unclear whether he’ll be ready for the Nov. 8 showdown with the rival Eagles in Philadelphia.
As for Thibodeaux, he dropped an interception on Sunday and is searching for his first tackle for a loss. Hey, at least one of the Giants’ moves paid off.
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