New York Giants News & Rumors

RFA/ERFA Tender Decisions: 3/13/24

Here are today’s free agent tender decisions:

RFAs

Tendered:

Non-tendered:

ERFAs

Tendered:

RB AJ Dillon Eyeing Deal With Cowboys, Giants, Colts

Most of the top available running backs have quickly found a new home this offseason. The 2024 free agent class featured several prominent names, and they have switched teams (in certain cases, remaining in the division while doing so). AJ Dillon is among the best remaining backfield options, and he appears to have a shortlist of destinations.

The former Packers back has interest in a deal with the Cowboys, Giants and Colts, Ian Rapoport of NFL Network reports. Dallas could indeed be a suitor for Dillon (although nothing is imminent at this time), colleague Jane Slater adds. Slater also notes a Cowboys reunion with Ezekiel Elliott is not in the team’s plans as things currently stand.

Dallas saw Tony Pollard take a deal with the Titans in the early portion of the negotiating window, a departure which did come as a major surprise. Pollard took on undisputed lead back duties with Elliott out of the picture last year, and his efficiency saw a notable decline. Still, eyebrows have been raised at the lack of action on the veteran market with respect to RBs for the Cowboys. The team’s second-leading rusher in 2023 was Rico Dowdle, who is unsigned.

The Giants also lost a 2023 franchise tag recipient in the form of Saquon Barkley. He made an intra-NFC East swap by joining the Eagles on a three-year deal, after the Giants did not submit a new offer this offseason. New York has, however, responded by bringing in Devin SingletaryThe latter landed a three-year, $19.5MM pact to serve as the Giants’ lead back, so any Dillion arrangement would see him play as a backup or part of a tandem as he did in Green Bay with Aaron Jones.

Indianapolis appeared destined to trade Jonathan Taylor for much of the 2023 offseason, but he and the Colts ultimately worked out an extension. The 2021 rushing champion will be tasked with carrying the load next season and beyond, so like the Giants the Colts have less of a need in the backfield than the Cowboys. With Anthony Richardson at quarterback after a four-game rookie season, though, Indianapolis will no doubt prioritize a strong ground game.

Dillon played sparingly as a rookie in 2020, but since then he has seen a consistent workload serving as a change-of-pace compared to Jones. The 25-year-old totaled 1,573 rushing yards and 12 touchdowns on the ground between the 2021 and ’22 seasons, but he regressed last season. Dillion saw his yards per carry average drop to a career-low 3.4 in 2023, something which has no doubt hurt his market. If at least one of the three teams on his radar reciprocates his interest, though, a deal could be worked out somewhat quickly.

Giants Not Planning To Tender Isaiah Hodgins As RFA

A part-time starter and regular contributor for the Giants over the past two seasons, Isaiah Hodgins may not be part of the team’s 2024 plan. The Giants are not expected to tender Hodgins as a restricted free agent, per ESPN.com’s Jordan Raanan.

The Giants did keep Hodgins as via ERFA tender last year, but the RFA numbers are more expensive. It would cost the Giants $2.98MM to keep Hodgins. While that would not be especially difficult to pull off, teams regularly pass on tendering a player only to bring him back at a lower rate. It remains to be seen if the Giants will consider keeping Hodgins for a third season.

Hodgins, 25, proved quite valuable for a receiver-thin Giants squad in 2022. The ex-Brian Daboll Bills charge — claimed off waivers midway through the 2022 slate — caught 33 passes for 351 yards and four touchdowns, reaching these totals despite playing in only eight Giants games. In New York’s playoff upset win in Minnesota, Hodgins scored and served as Daniel Jones‘ top target. His 8-105-1 line made a considerable difference in the Giants’ first playoff win since Super Bowl XLVI.

Kayvon Thibodeaux‘s production and the interesting Tommy DeVito stretch notwithstanding, just about everything fell apart for the Giants last season. The team added more receiving help, including Darren Waller and Parris Campbell, but still used Hodgins regularly. The 6-foot-3 target played ahead of Campbell and Sterling Shepard but saw fewer snaps than the re-signed Darius Slayton, Wan’Dale Robinson and third-round pick Jalin Hyatt. Hodgins caught 21 passes for 230 yards and three TDs.

The Giants have Slayton and Robinson still under contract alongside Hyatt, though Shepard and Campbell are unlikely to return. Hodgins, who did not play any special teams snap, may also be out of the picture soon. If the Giants do not draft a quarterback in Round 1, they are being closely tied to a big receiver investment.

Giants Declined Opportunity To Match Xavier McKinney Contract

The Giants took a risk by letting Xavier McKinney hit free agency, and the safety ended up bolting for a lucrative deal from the Packers. Before he committed to joining Green Bay, the Giants had “strong interest” in retaining the defensive back, according to Paul Schwartz of the New York Post.

However, the front office was leery of handing McKinney the $17MM average annual value he ultimately earned from the Packers. That $17MM AAV puts McKinney in the top five of the highest-paid safeties in the NFL.

The Giants decided to not place the transition tag on McKinney, a decision that would have cost the team $13.8MM. As Schwartz writes, the Giants decided to not tag the safety in a “show of good faith,” although it ended up biting them when the Packers backed in with the Brink’s truck.

However, McKinney was still willing to honor the Giants’ handshake deal. As Schwartz passes along, the safety “did circle back” with the Giants and provided them an opportunity to match Green Bay’s offer. The Giants ultimately “deemed the price was too high for a safety.” We heard previously that the Giants were not prepared to go higher than the transition tag value, meaning there was like a $3MM AAV gap between the two sides.

While McKinney does not have a Pro Bowl on his resume, he is going into his age-25 season. That separated the Alabama alum from the lot of recently released safeties. Ranking 14th on PFR’s free agents list, McKinney played every snap for the Giants last season. McKinney intercepted three passes, forced a fumble and recorded a career-high 116 tackles in his contract year. He has run into some injury trouble, suffering a foot injury that delayed the start of his career in 2020 and then sustaining injuries in an ATV accident in 2022. These chunks of missed games did not deter the Packers, who made one of the biggest free agency commitments in team history.

Giants To Sign WR Isaiah McKenzie

A mini-Bills reunion is taking shape with the Giants, who have deep Buffalo ties at present. In addition to Devin Singletary being set to sign with the Giants, they are adding Isaiah McKenzie.

McKenzie will rejoin Brian Daboll and Joe Schoen in the Big Apple, according to his agency. Like Singletary, the return man/slot receiver’s Bills tenure overlapped with Daboll and Schoen’s. McKenzie spent the 2023 season with the Colts.

A fifth-round pick by the Broncos, McKenzie made a name for himself in Buffalo. He spent time as both a receiver and return man, appearing in 68 games during his time with the Bills. That included a career year in 2022 when he finished with 42 catches for 423 yards and four touchdowns.

He was released by the Bills last offseason and ended up catching on with the Colts. He saw an even lesser offensive role than he experienced in Buffalo, hauling in only 11 catches in 13 games in Indy. In December, he was hit with a three-game suspension for conduct detrimental to the team.

Now, the Giants will be hoping they can get something out of the veteran. The Giants will return much of their WR depth next season, including Jalin Hyatt, Darius Slayton, and Wan’Dale Robinson, with the likes of Sterling Shepard and Parris Campbell hitting free agency.

The Giants are still waiting for one of their wideouts to emerge as a clear-cut WR1. They can’t expect that from McKenzie, but the veteran should at least provide some reliability towards the bottom of the depth chart.

Giants To Add DB Jalen Mills

For a second straight offseason, the Giants have lost a starting safety. Xavier McKinney following Julian Love out of New York creates a void. They will bring in Jalen Mills to help fill it.

The former Patriots and Eagles defender is joining the Giants, ESPN’s Adam Schefter tweets. Mills has experience at safety and cornerback but played more on the back line last season. The Giants need more help at that spot.

The former seventh-round pick quickly burst onto the scene in 2016, but after missing only one game through his first two seasons in Philly, he was limited to 17 games between 2018 and 2019. When he returned in 2020, he was playing safety, and he proceeded to have one of the most productive seasons of his career, finishing with a career-high 74 tackles.

That performance earned him a four-year, $24MM contract from the Patriots in 2021. He started all 26 of his appearances through his first two seasons in New England, mostly playing cornerback. He was cut and re-signed last offseason and transitioned back to safety, where he got into 17 games (eight starts). He only graded 75th among 95 qualifying safeties on Pro Football Focus, although the site did give him one of the highest grades at his position in run defense.

The Giants do have some continuity among their safeties corps with Jason Pinnock. Mills will likely be in the mix for the other safety spot, competing with the likes of former fourth-round pick Dane Belton for reps.

Giants To Sign QB Drew Lock

Tyrod Taylor decided late Monday night to join the Jets. While the Giants may have a multifaceted QB plan this offseason, they are in need of a backup in the short term. It looks like Drew Lock will fill that role.

The Giants are signing Lock, per NFL.com’s Ian Rapoport, Mike Garafolo and Tom Pelissero. He is coming to New York on a one-year, $5MM accord, ESPN’s Adam Schefter tweets. The true value will check in south of $5MM, in all likelihood, with The Athletic’s Jeff Howe noting the contract can max out at that number. The former Broncos draftee spent the past two seasons as Geno Smith‘s backup in Seattle. With the Seahawks changing their coaching staff, Lock will land on a third NFL team.

A former Broncos second-round pick, Lock did not stick as Denver’s starter for too long. Proving erratic in the role in leading the NFL in interceptions during an injury-shortened 2020 season, the Mizzou alum returned to the bench once the Broncos signed Teddy Bridgewater in 2021. Lock has not worked as a regular starter since. But Lock did make a memorable cameo last season, leading the Seahawks to a win over the Eagles. That included a game-winning drive that culminated with a Lock toss to Jaxon Smith-Njigba.

Granted, the Eagles’ Sean Desai– and Matt Patricia-supervised defensive swoon made that performance look slightly less impressive than it was in the moment. But Lock is a five-year veteran who has handled a backup role for a bit. With Daniel Jones rehabbing an ACL tear, Lock appears set to take first-team reps in the Giants’ offseason program. His status as the backup for 2024 may hinge on how the Giants proceed with their first-round pick.

Taylor served as the Giants’ backup for the past two years, but after the team kept him on the bench to play Tommy DeVito, rumors emerged the veteran was likely to leave. GM Joe Schoen had confirmed the Giants would add a quarterback this offseason, and Lock is the Taylor replacement. This gives the Giants some insurance in case Jones cannot make it back by training camp, though that is the expectation. But how the Giants’ QB depth chart looks coming out of the draft looks represents the bigger storyline.

The Giants have been linked to exploring trade-up moves for a quarterback in Round 1, and while we are entering smokescreen season, a regime that did not draft Jones has a chance to add an upgrade — with J.J. McCarthy now on the radar as a target — and get off the Jones contract by 2025. Jones will be on the team in 2024, however, and if the Giants do not draft a QB early, a QB depth chart comprised of 2019 prospects will take shape.

Browns, Titans, Giants Eyeing QB Jameis Winston

MARCH 12: In addition to the Browns, CBS Sports’ Josina Anderson reports the Titans and Giants have shown “preliminary interest” in Winston. Tennessee has Will Levis in place as the quarterback of the present and future, but adding an experienced option capable of starting or providing high-end insurance would be a logical move. Malik Willis holds the QB2 spot for now, but the Levis selection last spring has limited his ability to compete for a starting role in Nashville.

The Giants, meanwhile, saw Tyrod Taylor agree to a deal with the Jets yesterday. Linked to drafting a Daniel Jones successor this April, New York will at least need a veteran backup if Jones is unable to start the 2024 season on time as recovers from a torn ACL. Winston would fit the bill, and likely not at an especially high price tag.

MARCH 11: The Browns are hoping for a healthy season from Deshaun Watson in 2024, but that won’t stop the front office from pursuing a top-end backup. While the team navigates Joe Flacco‘s free agency, the Browns are eyeing another notable quarterback. According to Ben Volin of the Boston Globe, the Browns are interested in Jameis Winston as a backup QB.

[RELATED: Saints’ Jameis Winston Eyeing Starting Role]

Winston has been in New Orleans since 2020, and despite several changes atop the depth chart, he’s continued to serve as a fill-in at quarterback. As a result, the former first-overall pick was reportedly seeking a starting gig as he weighs free agent offers this time around. The 30-year-old has not played a full season as a starter since 2019, the year of his infamous 33-touchdown, 30-interception campaign with the Buccaneers

Of course, finding a QB1 job would be easier said than done, as few teams would simply hand the reins to Winston. For what it’s worth, the veteran has looked good as a backup in New Orleans. The Saints have gone 6-4 in Winston’s 10 starts with the organization, and the QB has tossed 20 touchdowns vs. 11 interceptions in his 21 games with New Orleans. He didn’t get a chance to start while serving as Derek Carr‘s back in 2023, with Winston completing only 25 of his 47 pass attempts while tossing two TDs and three interceptions.

The Browns lucked out with their backup plan in 2023. Flacco guided the Browns to a 4-1 record in his five starts, with the former Super Bowl winner finding the fountain of youth while tossing 13 touchdowns, his highest total since 2017. The veteran QB is reportedly looking to stick in Cleveland for the 2024 campaign, and the free agent confirmed that sentiment during a recent appearance on SiriusXM NFL Radio.

“I can tell you that, all things equal, Cleveland is definitely the place where I’d feel best about,” Flacco said (via Myles Simmons of ProFootballTalk.com). “Now, then you have to get into the world of, is someone actually going to give me a chance to play? And all the different things that go into that.

“But I can’t help but have a special feeling about Cleveland, just because of the few weeks that I spent there and how great the city was. And, listen, at the end of the day, I don’t necessarily want that to be a huge part [or] all of the decision. But I do think it will factor into the decision — if I end up having a decision to make.”

Panthers To Send OLB Brian Burns To Giants

At last, a resolution is coming in the Brian Burns saga. Two years after Burns became extension-eligible, he is being traded. The Giants will be the team to pay the franchise-tagged player now.

The Giants are sending the Panthers second- and fifth-round picks for Burns, NFL.com’s Ian Rapoport reports. This deal will also come with an extension. New York will give Burns his long-sought-after extension, signing off on a five-year deal worth up to $150MM. The contract includes $87.5MM in guarantees. The Giants held an extra second-round pick from the 2023 Leonard Williams trade; that will come in handy as the team replenishes its pass rush.

Carolina-New York conversations on Burns had taken place for a stretch, and with the Panthers pausing extension talks for the 2019 first-round pick, that will lead to a scenery change. The Panthers kept Ejiro Evero in place as DC, and GM Dan Morgan was in the front office during Burns’ negotiations last year and when the Rams made a monster trade offer — one that far surpasses this actual haul — in 2022. But the Panthers were unable to complete a deal. They will now take what they can get and move on.

This moves comes nearly 18 months after the Rams proposed two first-round picks and a third for Burns at the 2022 trade deadline. In the aftermath of the Matt Rhule firing, the Panthers balked and prepared extension talks with Burns in 2023. Those conversations did not produce an agreement, and it did not sound like anything was close last year. The sides broke off talks before the season, and although more trade offers — not on the level of the Rams proposal — came out, the then-Scott Fitterer-run Panthers stood pat.

Burns has not been a top-tier edge rusher, having recorded one 10-plus-sack season (12.5 in 2022) in his five-year career. But the Giants will bet on the Florida State alum’s consistency. Burns has tallied at least 7.5 sacks in each of his NFL slates. He totaled eight last year. The former Ron Rivera-era Panthers draftee has tallied between 18 and 22 QB hits over the past four seasons. Burns’ 46 career sacks rank 12th in the NFL since 2019.

The Giants took a bit to reinvest in their edge positions following the Jason Pierre-Paul and Olivier Vernon trades, but they took Azeez Ojulari in the 2021 second round. That was a Dave Gettleman-era move, and Ojulari did not play well in 2023. Ojulari only totaled 2.5 sacks in 11 games, undercutting Thibodeaux’s breakout to a degree. The Giants will pay up for Burns to go with Thibodeaux’s rookie deal, which can run through 2026 via the fifth-year option. While Burns’ AAV is not yet known, anything north of $28MM (T.J. Watt‘s deal) would bump him into second place behind only Nick Bosa among edges.

This wraps a long-running partnership for the Panthers, who had struggled to complement Burns on the edge. Yetur Gross-Matos and Justin Houston were unable to adequately do so, with hybrid performer Frankie Luvu — who is signing with the Commanders — being Carolina’s other top LB pass rusher. Gross-Matos and Marquis Haynes are free agents now. The Panthers will be in dire need at this premium position, and Monday saw a few of this year’s top edge players choose destinations already. The draft stands to be an avenue for the rebuilding team.

Minor NFL Transactions: 3/11/24

On the busiest transaction day of the NFL year, here are a few moves that maybe didn’t make the headlines:

Atlanta Falcons

Baltimore Ravens

Buffalo Bills

Jacksonville Jaguars

Kansas City Chiefs

Minnesota Vikings

New York Giants

Philadelphia Eagles

Woerner is probably one of the bigger names on this list. After serving as a reliable run-blocking tight end with the 49ers for the duration of his rookie contract, Woerner earns a new three-year deal worth up to $12MM to head to Atlanta, according to ESPN’s Michael Rothstein.

Brandel may be the next biggest deal on this list. After making five starts in 39 game appearances with the Vikings during his rookie deal, Brandel earned a new three-year, $9.5MM contract to remain in Minnesota. Quessenberry joins him as a depth lineman sticking around.

Lewis also gets to stick around on a multi-year deal, signing a two-year, $4MM deal to remain in Buffalo. A valuable special teamer, Lewis has done a good job of getting himself worked into the rotation on defense a good amount over the course of his rookie deal.

Olszewski earns another year in New York after solving a big issue on punt returns for the Giants last year. Baun heads to Philadelphia as a strong backup after starting 14 games for the Saints during his first four years in the league.