While their attention remains focused on the opening round of tonight’s draft, the Giants will soon have a decision to make with respect to Kayvon Thibodeaux‘s short-term future. May 1 looms as the deadline to exercise or decline his fifth-year option. 
In February, it was reported New York could be expected to pick up the option for 2026. Doing so would put Thibodeaux in line to collect $14.75MM that season, a figure well short of the top of the current edge rush market. The former fifth overall pick has battled inconsistency during his first three years in the league, however, something which has made the looming option decision a talking point.
On that note, Paul Schwartz of the New York Post reports the Giants are still “likely” to exercise Thibodeaux’s option. The 24-year-old has plenty of time to develop further, and a repeat of his 11.5-sack 2023 campaign would certainly make a short-term investment worthwhile. With 2024 trade acquisition Brian Burns already attached to a lucrative deal, though, moving on from Thibodeaux and replacing him with a rookie like Abdul Carter tonight has been mentioned as a possible maneuver for general manager Joe Schoen and Co.
As Schwartz writes, however, the Giants’ plans on the Thibodeaux front are unlikely to change even if Carter (seen by many as the favorite for the No. 3 pick) is selected. The Penn State product has experience as an inside linebacker, something which could help New York find ways to keep him along with Thibodeaux and Burns on the field together. Especially if the Giants elect to keep Thibodeaux in the fold for at least the next two years, the matter of a long-term arrangement will become something to watch.
The Oregon product has expressed a desire to remain in the Big Apple, although he does not expect negotiations on a multi-year accord to take place this offseason. Thibodeaux’s production in terms of sacks and pressures took a notable step back in 2024 compared to the previous campaign. That can partially be attributed to the fact he was limited to 12 games last year, but questions remain about the potential for a long-term stretch of production matching the talent he showed in college.
The Giants currently sit mid-pack in the NFL in projected 2026 cap space, and absorbing a spike in pay with respect to Thibodeaux that year would not be a challenge. By this time next week, it will be known if he will remain in place beyond the coming campaign.