Saquon Barkley

Giants’ Saquon Barkley A Threat To Skip Training Camp

June 19th, 2023 at 9:42pm CST by Sam Robinson

The Giants now have less than a month to hammer out an extension with Saquon Barkley. With the Giants having pulled their offer and Barkley having expressed frustration at the leaks coming from the team’s side, this process has traversed a rocky path for a while.

Barkley remains hopeful for a long-term deal, noting the time still remaining between now and this year’s deadline for franchise-tagged players to sign extensions (July 17), but word out of Giants headquarters is they would be content letting their two-time Pro Bowl back play this season on the $10.9MM tag. While it will be interesting to see which side blinks, Barkley looks to be making preparations in the event no deal comes together.

Franchise-tagged players are not subject to fines for missing training camp, and ESPN.com’s Jeremy Fowler said during a recent SportsCenter appearance (h/t Bleacher Report’s Mike Chiari) Barkley is “a real threat” to skip camp. This tactic would be both aimed at avoiding the extra work come July and August, while penalizing the Giants — via services withheld — for not completing a deal by the deadline.

When the Steelers tagged Le’Veon Bell the first time (2017), he skipped training camp and reported September 1. Bell did start the season slowly, by his standards at the time, but finished with his second first-team All-Pro honor. No backs received the tag from 2019-22, leaving Barkley and Josh Jacobs as the only candidates to skip camp free of penalty since Bell. (Tony Pollard signed his Cowboys tender in March.)

What Bell did the following year generated far more attention. Barkley has referenced skipping the season, as Bell did in 2018 in protest of being tagged a second time, as a viable option. Bell has since expressed regret for doing this. Although Bell prevented a major injury affecting his 2019 market (when he scored $27MM fully guaranteed from the Jets), he missed out on $14.5MM by not signing his franchise tender. Bell is the only player to skip a season on the tag since the 1990s, when defensive linemen Sean Gilbert (1997) and Dan Williams (1998) did so. The salaries they passed on paled in comparison Bell’s, and the ex-Steeler great remains the poster boy for this rare course of action.

Barkley should not be considered likely to take this route, though he is in a better financial position than Bell was in 2018 or his 2023 tagged RB peers are. Barkley being chosen second overall locked in $31.2MM. The Giants exercised his fifth-year option ($7.2MM), putting the former Offensive Rookie of the Year near $40MM in career earnings. If a back were to try the Bell move, Barkley is positioned as well as anyone has been since the 2011 CBA reshaped rookie contracts. Taking this route would mean punting on $10.9MM and skipping an age-26 season. Seeing as Barkley’s prime is unlikely to last too much longer, this will be a valuable year.

The Giants are not introducing a new offense, with OC/play-caller Mike Kafka not being hired in this year’s cycle. The prospect of missing their starting back during camp and the preseason would not be especially damaging, with the looming threat of missed game checks hanging over Barkley in the event he tries to extend his absence into the regular season. That said, Barkley remains New York’s top skill-position player and occupies that role for a team without a top-flight quarterback. The Giants are thin behind Barkley, rostering Matt Breida, Gary Brightwell and fifth-round rookie Eric Gray. They could also bring in a veteran insurance option. A number of accomplished backs remain unsigned, but signing a starter-caliber veteran after failing to come to terms with Barkley by July 17 also runs the risk of Joe Schoen and Co. alienating the locker room.

Guarantees remain a key issue in this Giants-Barkley standoff, and while deadlines spur action, the low tag price and this year’s running back market not taking off did not do anything to convince the team to put its $13MM-AAV offer back on the table. This keeps Barkley in a tough spot at a pivotal career point. These negotiations continue to represent a prime storyline during an offseason in which the running back position has absorbed some significant blows.

Guarantees Remain Issue In Saquon Barkley-Giants Negotiations

June 14th, 2023 at 11:06am CST by Sam Robinson

The franchise tag deadline annually produces a run of headlines before the pivotal July date. This year’s lead tag story will be Saquon Barkley‘s status with the Giants. After expressing frustration with being tagged, Barkley has until July 17 to sign a long-term extension. No deal by that date tables any negotiations until 2024.

New York pulled its top proposal to Barkley after tagging him in March. That offer was said to be worth in the $13MM-per-year neighborhood. The Giants have not put that $13MM-AAV term back on the table, the New York Daily News’ Pat Leonard notes.

Regarding the two known offers the Giants have made — one north of $12MM on average from November and the $13MM-AAV proposal from earlier this year — Leonard adds these were not high on guarantees. Indicating he would not sign his franchise tender this week, Barkley voiced frustration about the leaks from the Giants’ side regarding the offers he rejected.

Barkley’s guarantee baseline may be in the $22MM range, ESPN’s Jordan Raanan notes, as it would match the cost of playing on the tag this year and being re-tagged in 2024 (video link). Only two veteran backs — Christian McCaffrey ($30.1MM) and Derrick Henry ($25.5MM) — are attached to deals including more than $18MM fully guaranteed. Barkley’s initial NFL contract — from his No. 2 draft slot — once stood atop the position for guaranteed cash ($31.2MM). While Barkley has made nearly $40MM thanks to that deal and his 2022 fifth-year option, he does not have too many more prime seasons to parlay into a multiyear guarantee.

The Giants are believed to be OK with Barkley playing on the tag, despite the $10.9MM cap hold. Barkley, 26, joined Josh Jacobs and Tony Pollard in being cuffed this year. That took the top three backs off the market, but a host of starter-level backs still hit free agency. The buyer’s market, as expected, produced a host of mid- and low-level contracts. Barkley argued this year’s running back market — which saw Miles Sanders‘ $6.4MM-per-year Panthers deal (11th in RB AAV) lead the way — is not a true reflection of the position’s value, since the franchise-tagged heavy hitters would have commanded more.

“I think the biggest thing is being patient, being open to listen and understanding what the market is,” Giants assistant GM Brandon Brown said, via NJ.com’s Bob Brookover. “The market surplus and scarcity dictates a lot on how you make decisions and also being able to agree to disagree at times and being able to get back to the table.”

Said surplus now includes Dalvin Cook, whom the Vikings finally cut last week. It remains highly unlikely the Giants would rescind Barkley’s tag to sign Cook, as that would go over poorly in the locker room given the former’s contributions to last year’s playoff-bound team. Barkley bounced back from three injury-plagued seasons to lead a Giants team low on reliable pass catchers to the postseason.

Giants hesitation regarding a top-flight guarantee is also understandable, with Barkley having suffered a high ankle sprain in 2019, an ACL tear in 2020 and another ankle injury in 2021. Barkley missed 21 games during that span. Barkley acknowledged his injury past when he said in January he was not asking to set the market at running back, but while this position’s value continues to dip across the NFL, the Giants are preparing to build around a quarterback (Daniel Jones) who submitted uneven rookie-contract work. Barkley remains a pivotal part of this plan.

As of late May, no deal was close. The team, however, came to terms with Jones minutes before the March franchise tag deadline, allowing for the Barkley tag. Negotiations with tagged players regularly run up to the July extension deadline.

“I think they’re open to talking,” Barkley said. “I’m open to talking. I think at the end of the day, if you really break it down and look at it as a whole, there is no rush. There is still time on the table to get to July 17. July 17 is not tomorrow. Maybe that is the naïve way to look at it. I could be completely wrong. But for me, that’s how I look at it. I trust in the Giants that we could get something done.”

Although Barkley has banked far more than Le’Veon Bell did when he sat out the 2018 season in protest of the tag, Fox Sports’ Ralph Vacchiano notes the Giants are not concerned he will follow the ex-Steeler’s lead by skipping a season. That would cost him the $10.9MM tag salary and his age-26 season. It is not expected the Giants will raise their offer from March, but it will be interesting to see how the guarantees look in Big Blue’s final proposal before next month’s deadline.

Saquon Barkley To Skip Giants’ Minicamp

June 11th, 2023 at 9:35pm CST by Ely Allen

At the conclusion of his Youth Football Camp in Jersey City today, Giants running back Saquon Barkley confirmed that he will not be attending the team’s mandatory minicamp this week, according to ESPN’s Adam Schefter. Barkley’s time away from the Giants continues as he still hasn’t signed his franchise tender.

New York chose Barkley to franchise tag at the last second but claimed that it had full intentions of extending the veteran running back’s contract, with the tag serving as a backup plan in case negotiations failed. Barkley made it clear very early that he had no intention of signing his franchise tender before the team’s offseason program. This was news but nothing groundbreaking, considering he wouldn’t incur any fines for skipping the voluntary offseason workouts.

Waiting to sign franchise tenders is nothing new, as the tag is often viewed as a last-ditch option to retain a player if an extension can’t be reached. Waiting to sign also protects the tagged player from receiving fines for holding out from minicamp. A player like Tony Pollard, who signed his franchise tender back in March, would be subject to fines for missing minicamp, while Barkley can continue to hold out without penalty until the regular season begins, like Le’Veon Bell did years ago.

Speaking of Bell, Barkley hasn’t ruled out such a holdout. He seems intent on pushing the Giants at least until the last second. When asked about the potential of playing the season out on the franchise tag, he refused to acknowledge that he’s even considered it, telling the media he “would make those decisions or start thinking about that” when the deadline comes mid-July, according to Andrew Crane of the New York Post.

He didn’t nearly seem optimistic that things would be handled by July 17. According to another report by Crane, when asked if the deal would be handled by then, he took a long pause before replying, “I don’t know really. I don’t know.” In fact, he even said that sitting out the 2023 NFL season was an option he could use as “a card (he) could play,” according to Pat Leonard of New York Daily News. It has become clear that this situation has the potential to turn ugly in New York as the two sides continue to negotiate at an impasse.

Barkley’s statement today wasn’t necessarily an announcement of an incoming holdout, though. It seemed to be more of an attempt to state his side of the story. He made sure to inform that he had no intention of resetting the running back market. He has reportedly turned down deals with annual average values of $12.5MM and $13MM. Only Alvin Kamara and Christian McCaffrey have contracts averaging more per year, but they are making $15MM and $16.02MM, respectively.

Barkley also used the media session as an opportunity to air some of his frustrations about the situation. He strongly implied that he felt disrespected by the organization throughout the contract standoff. He claimed that the team’s front office had been “misleading” with “untruthful” leaks that “make (him) look like (he’s) greedy.” He didn’t name general manager Joe Schoen, specifically, but Schoen was the one who publicly made known the above offers that were rejected.

Barkley has asserted that his feelings weren’t hurt by being tagged. He even understands that, in the harsh business world of the NFL, the Giants have all the leverage in negotiating. But the way the team’s front office has handled the situation seems to be rubbing him the wrong way. There doesn’t appear to be any irreparable damage, though. Much like the Lamar Jackson situation, it seems Barkley has been able to separate his business with the front office from the relationships with his teammates and coaches.

It’s unclear how much longer this will go on, but we now know it won’t be over by the opening of minicamp. Barkley is firmly standing his ground for what he feels he deserves. Whether or not that will preclude him from playing in the 2023 NFL season has yet to be determined.

Latest On Giants’ Saquon Barkley Talks

May 29th, 2023 at 9:33pm CST by Adam La Rose

Not much has taken place between the Giants and Saquon Barkley since the draft. The franchise-tagged running back has until July 17 to come to an agreement on a multi-year extension.

Doing so would lock in the Giants’ most productive offensive player from last season, but the risks of a big-ticket contract compared to the $10.1MM franchise tag are something the team has been weighing all offseason. Their top offer to date has been worth roughly $13MM per season, a figure which would rank third in the league amongst running backs.

However, New York pulled that offer, and it remains very much in doubt whether they will be willing to submit one of similar value given the position’s current landscape. The free agent market saw several short-term, low-cost contracts handed out to the running backs who weren’t tagged, hurting Barkley’s leverage if he were aiming to cite the overall marketplace during negotiations. His importance to the Giants, though, remains unquestionable.

The 26-year-old ran for a career-high 1,312 yards in 2022, a year in which he was able to remain healthy. Barkley was the focal point of New York’s offense en route to their surprising success, and should once again carry a heavy workload in 2023 despite the team’s investments in quarterback Daniel Jones and an improved group of pass-catchers. However, Barkley talks are not currently being addressed with much urgency.

Ryan Dunleavy of the New York Post notes that the parties remain “no closer than ever” with respect to hammering out a new deal. Perhaps the top sticking point in this situation, he adds, is the matter of guarantees. No hard figures in that regard have emerged to date on any of the Giants’ offers, nor the degree to which they fall short of what the Penn State alum might be seeking.

Playing on the tag this year and next would see Barkley earn $22.2MM; franchise tags are fully guranteed. That figure thus represents a logical baseline for guarantees in any hypothetical, multi-year extension. Only two backs – Christian McCaffrey and Derrick Henry – received more than $22MM in total guarantees on their current deals, so making such a commitment (albeit likely in the first two or three years of a longer contract) would be quite signficant on the Giants’ part.

Plenty of time still remains until the deadline for Barkley to either agree to a new offer or sign his tag. With no active dialogue taking place, though, plenty of progress will need to be made in the coming weeks to sort out his future beyond 2023.

Giants GM Joe Schoen On Contract Talks With Saquon Barkley, Dexter Lawrence

April 30th, 2023 at 7:42am CST by Rory Parks

APRIL 30: As expected, the Giants and Barkley will resume contract talks now that the draft is over, as Jordan Raanan of ESPN.com writes. The two sides did, in fact, touch base last week and will now attempt to find some middle ground on a long-term accord. Big Blue selected a running back, Oklahoma’s Eric Gray, in the fifth round, but as Schwartz notes, Schoen told Barkley before the draft of his intention to pick up a mid-round RB so that Barkley would not be blindsided.

APRIL 23: The Giants have two standouts who have stayed away from the start of the club’s offseason program: DT Dexter Lawrence and RB Saquon Barkley. As Paul Schwartz of the New York Post observes, GM Joe Schoen is taking a markedly different approach in his negotiations with those two players.

With respect to Barkley, negotiations are non-existent at this time. The Giants have until July 17 to work out a long-term deal with Barkley, who was slapped with the franchise tag in March and who has yet to sign the franchise tender, worth $10.1MM. Obviously, there is still plenty of time for player and team to strike an accord that will keep Barkley under club control for the next few seasons, and discussions may resume once this week’s draft has concluded. Still, Schoen’s tone in his comments on the two-time Pro Bowler is noteworthy.

When asked if he is optimistic that Barkley will suit up for the start of the 2023 season, Schoen said, “you have to ask him. I’m not sure. I don’t know what his plan is.”

The Giants offered Barkley a multiyear contract worth $13MM per year in advance of the franchise tag deadline, though the guarantee and cash flow components of New York’s proposals have never been reported. And, while Barkley has said that he is not necessarily seeking to better Christian McCaffrey‘s $16MM AAV — the top mark among running backs — it has also been reported that he wants to at least be in that ballpark.

Clearly, there is a gap between the two sides, and it is unclear how wide that gap is. The suppressed RB market is hurting Barkley, who may ultimately have to do more compromising than the Giants if he wants to avoid playing the 2023 campaign on the tag. Of course, he could simply choose to not sign his tender and sit out the season, though that tactic ultimately proved to be the wrong choice for the last player to try it, Le’Veon Bell.

Schoen said that he has not spoken to Barkley’s camp in three or four weeks. “When we had the conversations with Saquon it was known we were going to get to a certain point and then we were gonna move on and regroup at some other time,” the second-year GM said. Schoen added that the Barkley situation will not influence his decision to select or not select a running back in the draft.

Lawrence, meanwhile, is presently scheduled to play out the 2023 season on the fifth-year option of his rookie deal, which will pay him $12.4MM. Reports last month indicated that progress was being made on an extension, and Schoen confirmed that there continues to be productive dialogue with Lawrence’s representation. Schwartz indicated that Lawrence is targeting a four-year pact worth $22MM per season.

In 2022, Lawrence set career-highs in tackles (68), sacks (7.5), and QB hits (28) en route to Pro Bowl and second-team All-Pro acclaim. Pro Football Focus ranked Lawrence second among 127 qualifying interior defenders, and he earned position-best marks for his run defense and pass rushing.

Saquon Barkley Will Not Sign Franchise Tender Before Giants’ Offseason Program

April 12th, 2023 at 9:47am CST by Sam Robinson

Saquon Barkley should not be expected back with the Giants anytime soon. The franchise-tagged running back has engaged in off-and-on extension talks with the Giants since November, but the team hammered out a Daniel Jones deal prior to the tag deadline.

The Giants using the tag on Barkley with minutes to spare before last month’s deadline allowed them to retain both their quarterback and running back, but the player without the long-term contract should now be expected to stay away. Although Barkley’s $10.1MM tag salary will be locked in when he signs the tender, Newsday’s Kim Jones notes the Pro Bowl running back will not do so ahead of the team’s offseason program (Twitter link).

Brian Daboll‘s team will convene Monday for the start of offseason workouts. Players cannot be fined for missing this stage of the offseason, though teams generally have good attendance for the non-mandatory portion of spring work. Minicamp represents the first point in which players would incur fines by not attending. Until Barkley signs his tender, he can steer clear of minicamp free of fines. It would certainly not surprise if the sixth-year back follows that path.

Franchise-tagged players regularly wait on signing their tenders, though Tony Pollard signed his $10.1MM Cowboys tag last month. Pollard can be fined for not attending Dallas’ minicamp. Barkley, Josh Jacobs, Evan Engram and Lamar Jackson are exempt from fines. The Commanders already agreed to an extension with Daron Payne, removing the sixth-year defensive tackle from the tag contingent.

The Giants offered Barkley a deal in the $12.5MM-per-year neighborhood last season and upped it to the $13MM-AAV range this offseason. While Barkley holding out for a deal on the Christian McCaffrey–Alvin Kamara deal makes sense, seeing as those contracts were agreed to back in 2020 on a lower salary cap, this year’s running back market did not do him any favors. None of this year’s free agents signed a deal that ranked in the top 10 at the position. Barkley is better than the backs who hit the market this year, but the Giants should not be considered likely to raise Barkley’s offer by much more — if at all — ahead of the July 17 deadline for tagged players to sign extensions.

It does not sound like too much urgency exists on the team’s part, with ESPN.com’s Jordan Raanan noting (via Twitter) the Giants are not overly motivated to reach an agreement right now. The Giants pulled the $13MM-AAV offer after franchise-tagging the former Offensive Rookie of the Year. Barkley, 26, attended player-organized workouts with teammates last week in Arizona, The Athletic’s Dan Duggan tweets. By not signing his tender, the injury-prone back does run the risk of seeing an injury lead to the Giants rescinding the tag. But Barkley may be attempting to stay away as a last-ditch leverage play. Though, his leverage is limited.

Seeing Barkley’s cap number reduced would benefit the Giants, however, as they have Dexter Lawrence entering a contract year as well. The Giants’ $2.3MM in cap space ranks 30th in mid-April. They will need more to sign draft choices, though restructures can help on that end as well. The team also has Leonard Williams tied to a whopping $32.3MM cap number, which can be reduced via an extension. Big Blue, which was eyeing an incentive-laden deal with now-Ravens wideout Odell Beckham Jr., will be set to carry the Barkley and Williams cap numbers to start its offseason program.

Latest On Giants, Saquon Barkley

March 30th, 2023 at 9:15am CST by Adam La Rose

MARCH 30: After making that $12.5MM-per-year offer during the season, the Giants upped it to $13MM ahead of the franchise tag deadline, Dan Duggan of The Athletic notes (subscription required). With the Cowboys cutting Ezekiel Elliott, a $13MM-AAV deal would rank third among running backs — between the Christian McCaffrey–Alvin Kamara tier and the glut of deals in the $12MM-per-year neighborhood. Schoen and Mara would like to finalize a deal, but the sides may need to work their way back to this price point, as nothing is imminent.

MARCH 28: The Giants were able to beat the franchise tag deadline with minutes to spare and sign quarterback Daniel Jones to a long-term deal. Doing so allowed them to place the franchise tag on running back Saquon Barkley, which guarantees he will remain in New York for 2023, but leaves his future beyond that point in doubt.

Barkley, 26, is set to earn $10.1MM this season if he plays on the tag. He and the Giants have until mid-July to reach an agreement on a multi-year extension, but the market hasn’t lent itself to big-money accords for running backs so far. In light of that, it remains to be seen if progress will be made in the coming weeks to re-engage in contract talks.

“There’s no outstanding offer right now,” Giants GM Joe Schoen said at the league meetings, via ESPN’s Dan Graziano. “Once we put the franchise tag on him, we stepped back. We knew throughout the negotiation that there was going to be a time where, if we couldn’t come to an agreement, we were going to go to the franchise tag, and that’s what we did.”

New York initially saw the former No. 2 pick as the higher priority for a new deal, but later turned their attention to working out an extension with Jones. The Giants have reportedly been willing to reach the $12.5MM-per-year mark with Barkley, but in-season negotiations didn’t yield much in the way of traction for an extension; it came out earlier this month that an increased offer was unlikely. Even though they appeared prepared to let the Penn State alum hit the open market this year, it remains the team’s goal to keep Barkley in the fold for years to come.

“I told Saquon we want him to be a Giant for his entire career,” owner John Mara said. “The running back market is what it is right now, but I’m still hopeful at some point we will come to an agreement… I told him how much I wanted him to be a Giant and to play his whole career as a Giant… And I think he would like that as well.”

Mara also acknowledged, to no surprise, that Barkley is unhappy with having been tagged. His compensation, if he plays on the tag in 2023, will put him in a tie for eighth (with fellow tag recipients Josh Jacobs and Tony Pollard) amongst RBs in terms of annual value. Earlier in the negotiation process, Barkley was said to not be eyeing a market-resetting deal even after he delivered a career-high 1,312 rushing yards as the focal point of the Giants’ offense in 2022. A new accord moving him into the top-five at the position would not be a surprising target, however.

Giants head coach Brian Daboll noted that he has not been in communication with Barkley for two weeks, and that he remains uncertain if the latter will report to voluntary OTAs next month (Twitter link via Dan Duggan of The Athletic). Barkley’s actions in the near future will increasingly become a storyline worth following if the offseason drags on without progress being made on an extension.

Giants Increased Offer To Saquon Barkley; Extension Remains In Play

March 7th, 2023 at 8:06pm CST by Sam Robinson

Rather than spend $32.4MM on a Daniel Jones franchise tag, the Giants beat Tuesday’s buzzer by extending their quarterback. They will have both he and Saquon Barkley on their 2023 payroll for less than that price. Jones’ cap number and Barkley’s $10.1MM tag will help the team pursue upgrades in free agency, but another deadline will loom later this offseason.

The Giants will have until July 17 to reach an extension with Barkley, who has engaged in off-and-on extension talks with team dating back to November. Since that point launched negotiations, Ryan Dunleavy of the New York Post reports the Giants have increased their offer to Barkley. That unspecified hike is believed to have emerged during the parties’ offseason talks. GM Joe Schoen said (via Fox Sports’ Ralph Vacchiano, on Twitter) those will continue Wednesday.

Barkley is believed to have turned down a deal in the $12.5MM-per-year neighborhood. Schoen previously acknowledged the in-season negotiations did not lead to much progress, but Dunleavy adds optimism exists the Giants and Barkley can come to agreement before the July deadline. Absent an extension, Barkley will be tied to that $10.1MM cap number throughout the season. Barkley said after the season he wanted to stay with the Giants.

Guarantee distribution and contract length have also formed hurdles here, Dunleavy adds. The three- and four-year timelines have divided the sides. This will probably be Barkley’s last big-ticket agreement, given his experience level and age (26), so it would stand to reason guarantees will be the bigger factor in a deal being closed. That said, the recent run of running back extensions have mostly been four- or five-year pacts. Derrick Henry, Joe Mixon, Aaron Jones and Christian McCaffrey signed four-year extensions. Dalvin Cook and Alvin Kamara inked five-year accords. Ezekiel Elliott (six) and Nick Chubb (three) are the outliers among the top running back earners.

Barkley joins Josh Jacobs and Tony Pollard on the tag, a team-friendly price that checks in higher than only the kicker/punter tag this year. With the above-referenced deals all agreed to from 2020-21 — excepting Elliott’s, which was signed in 2019 — it is logical for Barkley to pursue a top-market deal given the salary cap’s climb. Barkley initially asked for McCaffrey-level money, but Dunleavy notes the sixth-year back reduced his price by a bit. Barkley said at season’s end he was not looking to reset the market, but after his bounce-back season and considering his importance to the Giants, it should not be expected he settles in the $12MM-AAV range. Still, the sides appear to have bridged the gap to a degree.

The Giants announced Jones’ extension Tuesday night. Jones came down from a $48MM-per-year ask, according to Dunleavy, and The Athletic’s Dan Duggan notes the quarterback’s agents flew to New Jersey on Monday to finish off the negotiations (subscription required). Jones’ 2023 cap hit is expected to check in around $19MM. Barkley is unlikely to sign an extension before free agency; talks had stalled as of Tuesday morning. But the Giants should still have some room to chase some free agents or retain others. They have been linked to having interest in bringing back Julian Love, Nick Gates and Jon Feliciano. All three are ticketed for free agency.

Hammering out those deals may seem easier after the team, using the 2020 Titans’ blueprint (Henry tag, Ryan Tannehill extension), negotiated its top offseason barrier.

Giants, Daniel Jones Agree To Deal; Team To Use Franchise Tag On Saquon Barkley

March 7th, 2023 at 2:56pm CST by Sam Robinson

Minutes before the franchise tag deadline, the Giants have reached an agreement on a Daniel Jones extension. The sides have a deal in place, Ryan Dunleavy of the New York Post reports (on Twitter).

This should allow the team to use its franchise tag on Saquon Barkley, and NFL.com’s Mike Garafolo notes that will happen (Twitter link). Jones agreed to a four-year, $160MM extension, Garafolo and NFL.com’s Ian Rapoport report. The sides are finalizing the deal, which Rapoport notes can increase by $35MM via incentives (Twitter link).

The Giants had until 3pm CT today to avoid a situation in which Jones was tagged — the team’s plan absent an extension — and Barkley headed toward the open market. Now, the Giants will have both players back in 2023. Barkley’s tag is worth $10.1MM, and he joins Josh Jacobs and Tony Pollard among running backs tagged this year. Jones’ extension will make that number easier for the Giants to fit onto their cap. Tagging Jones would have placed a $32.4MM cap hold on New York’s payroll.

Jones had the Giants up against a deadline that could have meant losing Barkley, pointing to the former first-round pick doing well on the guarantee front. The 25-year-old quarterback will collect $82MM over the deal’s first two years, Tom Pelissero of NFL.com tweets, with SI.com’s Albert Breer noting this does cover Jones’ guarantees (Twitter link). Four years had been the expectation here, Jeremy Fowler of ESPN.com adds (on Twitter). The Giants are essentially making a two-year bet on Jones ascending.

This represents a staggering financial leap for Jones, who piloted the Giants to the playoffs despite the team’s receiver blueprint changing for the worse early in the season. Jones displayed his best work in terms of efficiency, leading the NFL in interception percentage, and used his legs far more than he had over his first three seasons (810 rushing yards between the regular season and playoffs). Still, the Giants greenlighting a $40MM-per-year extension — the deal’s structure matches Dak Prescott and Matthew Stafford‘s accords — for a QB who threw 15 touchdown passes in his contract year is certainly a notable development in recent transaction history.

Prescott and Stafford agreed to their respective four-year, $160MM extensions on lower salary caps; the cap ballooning past $224MM aided Jones and the Giants. Jones, Prescott and Stafford are all tied for seventh in terms of QB AAV. Though, the money coming for Joe Burrow, Justin Herbert and Jalen Hurts — and possibly Lamar Jackson, as that saga is heating up in Year 3 — stands to bump the NFC trio down a bit this offseason. For now, however, Jones has secured top-10 quarterback money less than a year after the Giants passed on a $22.4MM fifth-year option.

The Giants entered their extension talks with Jones hoping the price would not hit $35MM per year, but the tag deadline worked in Jones’ favor. As Jones hired new representation, the $45MM-AAV number emerged. That figure floated for multiple weeks, with a report late last week indicating Eli Manning‘s successor was asking for a deal north of that number. The Giants negotiated with Jones’ camp daily at the Combine, and the sides agreed on what could be a nice compromise. Jones will have a chance to work in Brian Daboll‘s offense for the long haul, and the team is expected to pursue receiver upgrades to help its passer.

A neck injury ended Jones’ 2021 season after 11 games. Although the Duke product’s 24 touchdown passes as a rookie — in just 13 games — remain a top-10 all-time mark for first-year passers, he did not show much in the way of development during the 2020 and ’21 seasons. In 14 starts in 2020, Jones threw just 11 TD passes. Considering the 2020 CBA made fifth-year options fully guaranteed, the Giants predictably passed on Jones’. But the dual-threat QB showed long-elusive progress in his contract year. The Giants are making a bet superior weaponry will further unlock the Dave Gettleman-era draftee’s capabilities.

As for Barkley, it will be interesting to see how he responds. The former No. 2 overall pick congratulated Jones on his extension (Twitter link), but he is now attached to a $10.1MM salary after turning down an extension in the $12.5MM-per-year range. The guarantees included in the Giants’ proposal are not known, but it has long been assumed GM Joe Schoen is not expected to offer Barkley a deal in the Christian McCaffrey neighborhood ($16MM AAV). That will create another notable deadline for the Giants, who have until July 17 to extend Barkley. Otherwise, the sides cannot discuss a deal until 2024. A compromise of $14MM per year emerged weeks ago, but the Giants and Barkley are still not believed to be close.

Barkley, 26, is obviously a superior NFL player to Jones. Positional value led the Giants to understandably prioritize the less accomplished player. Barkley’s hot start to the 2022 season — one that ended with the Penn State product totaling 1,650 scrimmage yards and 10 touchdowns, completing a comeback from an injury-plagued three seasons — earned him an early negotiation slot with Schoen. Like Jones, the new regime was not completely sold on Barkley coming into the year. Trade buzz circulated early during the 2022 offseason, but both Gettleman-era investments earned the new regime’s trust.

The Giants negotiated with Barkley, and not Jones, during their bye week last season. They did not come close on terms, and although Barkley talks resumed before Jones’ negotiations began this offseason, no compromise is imminent. Fortunately, the team had the tag at its disposal to ensure its cornerstone tandem returned. Considering only one player has skipped the season after being tagged since 1998 (Le’Veon Bell, 2018), it is a good bet Barkley will be in uniform for the Giants in 2023.

The Giants entered Tuesday with more than $36MM in cap space. Today’s transactions will eat into that total considerably, with Fowler adding (via Twitter) Jones’ 2023 cap number should come in around $19MM. But the team’s plan to pursue wideouts and potentially bring back Julian Love should not be entirely nixed because of this afternoon’s high-profile transactions.

Giants Not Planning To Raise Offer To Saquon Barkley?

March 2nd, 2023 at 10:43am CST by Sam Robinson

Inheriting two downward-trending pieces on offense in 2022, the Joe Schoen-led front office is now negotiating with two players coming off bounce-back seasons. The Giants are days away from a date that could send one of them out of New York.

The team continues to negotiate with Daniel Jones and Saquon Barkley. Schoen said he has talked to the free agent-to-be (or soon-to-be-tagged) quarterback’s camp throughout the week but mentioned during a Good Morning Football appearance he wished the Giants and their QB were closer on terms (video link). Teams have until 3pm CT Tuesday to apply franchise tags, which the Giants will do if no Jones deal commences by then.

Jones’ talks have hovered over Barkley’s throughout the offseason, as the running back — despite beginning negotiations with the Giants before they were sold on Jones — represents the second domino here. The Giants offered Barkley a deal in the $12.5MM-per-year neighborhood — one Derrick Henry, Dalvin Cook and Nick Chubb populate. Then again, those contracts were respectively agreed to in 2020 (Henry, Cook) and 2021 (Chubb). The salary cap has climbed to $224.8MM since, which could make Barkley signing for a similar amount a somewhat sobering (as far as eight-figure-per-year deals go, at least) transaction on his part.

While a report indicated the Giants moving to $14MM per year could probably finish this process, Ralph Vacchiano of Fox Sports adds Combine buzz suggests the team will not raise its offer from the $12.5MM-AAV place (Twitter link). When the Giants initially offered that, Schoen confirmed the talks did not come close. The second-year GM said earlier this week the sides had made some progress.

Guarantees here are not known, and if Barkley would entertain signing for this price, the Giants would likely need to step up on that front. As a former No. 2 overall pick, Barkley already signed a deal for $31.2MM guaranteed at signing. Not even Christian McCaffrey‘s contract — still the position-record deal on the AAV front, at $16MM — contains that. If Barkley does not accept the estimated $12.5MM-per-year accord, Vacchiano adds the Giants would be willing to let him walk.

This stance invites risk, as their pass catcher-deficient offense depended on Barkley for much of last season. Then again, free agency will bring a host of starter-level options — including Miles Sanders, Kareem Hunt and Devin Singletary, who arrived in Buffalo during Schoen and Daboll’s tenure — that would save the Giants money as they regrouped following failed Barkley negotiations. Still, Barkley is quite popular among the team’s fanbase and, when healthy, is one of the NFL’s best backs. Although this year’s free agent running back surplus could devalue the position, Barkley would shoot to the top of the market if untagged — especially if the Cowboys and Raiders respectively cuff Tony Pollard and Josh Jacobs.

The Giants’ best path remains extending Jones by Tuesday’s deadline and tagging Barkley at $10.1MM. A Jones tag will cost $32.4MM. As far as a long-term deal goes, Jones has been closely tied to a $45MM-per-year ask. The Giants had hoped $35MM per year would be the ceiling here. To bridge this gap, Vacchiano notes the sweet spot may well be a $37MM-AAV extension with the first two years guaranteed (Twitter link).

Jones asked the Giants for some time away before beginning negotiations and hired new representation after that stretch. How the Giants proceed with their passer’s new agency over the next week will certainly have a major say in their immediate future.

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