New York Giants News & Rumors

Long-running extension talks led to Saquon Barkley entering this season on the franchise tag, and the back-and-forth spanning from November 2022 to July 2023 put the New Jersey native’s future with the Giants in question.

While the Giants have said they are not planning to trade Barkley, the subject of another contract lingers. As do the proposals each side made during the lengthy negotiations that began during the Giants’ 2022 bye week. Barkley is attached to a $10.1MM tag, and while he could be kept for barely $12MM on a second tag, it is unclear if the Giants will want to devote that much to a running back who will be going into his seventh season by then.

The Giants’ initial offer was believed to be in the $12.5MM-per-year range, but ESPN.com’s Jordan Raanan notes New York’s first proposal was heavy on gameday roster bonuses. The Giants offered Barkley an extension with per-game bonuses around $1MM, effectively tying a notable portion of the deal to playing time. Understandably, Barkley balked and the sides revisited the talks in the offseason. Months of back-and-forth commenced during the sides’ offseason talks, but the two-time Pro Bowler was also minutes from free agency, creating a seminal “what if?” for the former Offensive Rookie of the Year.

Barkley joined Josh Jacobs and Tony Pollard in being tagged, thinning the running back market. While a high number of starter-caliber backs still reached free agency, no marquee talents were available. That led to modest offers, with Miles Sanders‘ $6.13MM-per-year deal leading the way. But at least one team was prepared to make Barkley a market-value offer had he been available, according to Raanan. While it is unknown who that team was, the Panthers and Lions devoted the most money to free agent backs this offseason. It is logical either Carolina or Detroit — which respectively ended up with Sanders and David Montgomery — would have pursued Barkley. Though, Detroit had initially wanted to retain Jamaal Williams. When he rejected the offer, the Lions pivoted to Montgomery.

Tied to a Giants tag, Barkley turned down a proposal believed to include at least $22MM guaranteed, which would have covered the cost of two tags. But Raanan adds the Giants did not reach that number until the deadline neared. When New York did come up to the $22MM guarantee neighborhood, the final offer included an AAV drop from where the sides previously were. (The team had offered Barkley $13MM per year at the March deadline to apply tags, though the guarantee number was lower than the July proposal.) The team’s 11th-hour call led to Barkley opting to play on the tag.

Barkley stayed away from the Giants during negotiations and was on track to extend his absence up until Week 1, even threatening a Le’Veon Bell-esque path in which he skipped regular-season games. Barkley’s camp, in turn, was not in lockstep on his decision to report to Giants camp on time in exchange for a modest incentive package (one that will not end up being earned), per the 26-year-old back.

“[I] said, ‘You know what? I’m going to keep quiet — hopefully, you know, just show up, put a smile on my face, work hard, do the things the right way,'” Barkley said, via Raanan. “‘Things going to get taken care of.’ And sadly, it didn’t. But you also could learn from the way Jonathan Taylor did it. At the end of the day, all you want is to be able to say you set yourself up, and get a long-term deal, and get money that you deserve — to help for security of your family.”

Although injuries during the 2019, ’20 and ’21 seasons kept Barkley from high touch totals in three seasons, he will still exit 2023 as a six-year veteran. The Penn State product has recovered from the high ankle sprain sustained in Week 2, but another notable injury on Barkley’s resume will not help his 2024 cause. Neither will a heavy workload down the stretch of this season. Even though Taylor secured a $14MM-per-year deal, that contract may become an outlier as another buyer’s market — which could feature Barkley, Jacobs, Pollard, Ekeler and Derrick Henry — is shaping up for March.

Barkley added that he wants to play into his 30s, but as an every-down back throughout his career, doing so will not be automatic. Even after the tag sequence this offseason, the dual-threat talent remains bullish on staying with the Giants beyond this year. While it will be interesting to see if the sides negotiate again or if a second tag comes to pass, Barkley wants to remain in New York. Though Barkley may not end up collecting a lucrative long-term deal in his career, this tag season will put him over $48MM in career earnings.

“I want to create a legacy, and the way you do that is by continuing to stay with a team through your whole career,” Barkley said. “As I see the NFL and realize the business, you know, it’s less likely for that to happen for players. But if you’re able to accomplish that, it’s special.”

OCTOBER 25: Brian Daboll doubled down on the team’s intention to keep Barkley. The second-year Giants HC said (via the New York Post’s Paul Schwartz) he told the Pro Bowl running an in-season trade is “not happening.” While the Giants may be open to moving other pieces, Barkley’s franchise tag salary will remain on the books.

OCTOBER 22: Saquon Barkley made it clear a few days ago that he is not eyeing a trade which would send him away from the Giants. The extension-eligible back’s sentiment appears to have been matched by the team.

The Giants have no intention of moving Barkley ahead of the October 31 trade deadline, NFL Network’s Mike Garafolo notes (video link). That stance has remained the same throughout the year, he adds, meaning the parties are still on track to resume talks on a deal in the offseason. Negotiations after the franchise tag was used did not produce traction, and the 26-year-old avoided a hold-out with an increased incentive package on his one-year deal.

Barkley and the Giants cannot negotiate a long-term contract until the coming offseason, and Garafolo confirms the Giants’ preference remains to get a deal worked out at that time. New York submitted an offer around the $12MM-per-year mark late in negotiations this summer, but the team did so while inverting the guarantee and AAV figures. Plenty of attention has thus been on the former No. 2 pick’s performance this year as he again aims to secure a multi-year pact ahead of free agency.

“Everyone knows I don’t want to get traded,” Barkley said when asked about his long-term future in New York. “Obviously, I’ve been vocal and public about how I feel about this organization and where I want to be. Knowing the business and seeing that side of it, there’s a lot of things I can’t control. I don’t think anybody in their right mind would want to get traded anywhere… I would love to be here.”

The Penn State product has missed time this year due to an ankle injury, and his presence has been missed by a Giants team which has dealt with a number of other injuries throughout the unit and failed to produce much early in the year. Barkley has a long way to go to match his career-best rushing output (1,312 yards) from last season, but he nevertheless remains the focal point of New York’s offense.

On the other hand, Garafolo adds that the Giants could be open to making deals involving other players. Sitting at 1-5 entering Sunday’s action, it would come as no surprise if the team adopted a seller’s stance in the near future. Much about New York’s 2023 outlook could change with a few wins in short order, but a number of players on expiring contracts could make for notable trade chips. The Giants have a number of major financial decisions to make this offseason, regardless of what happens with Barkley, so clearing up flexibility for 2024 and beyond would also be beneficial. In any event, though, the team’s most high-profile player will remain in place through the remainder of the current campaign.