Giants WR Corey Coleman Signed New Deal

Although original reports indicated Giants wide receiver Corey Coleman had signed his original round restricted free agent tender for the 2019 season, he actually agreed to a new one-year deal worth only $720K, according to Dan Duggan of The Athletic (Twitter link). However, despite the fact that his RFA tender would have been worth $2.025MM, Coleman won’t end up losing any money.

As a former first-round pick, Coleman’s rookie deal was fully guaranteed. The Bills, who acquired Coleman from the Browns last year before subsequently releasing him, are still responsible for the $2.039MM that Coleman has guaranteed for the 2019 campaign. Therefore, Coleman will now collect $720K from New York and roughly $1.3MM from Buffalo, per Duggan,

Here’s where things get interesting: Coleman’s new pact with the Giants also contains approximately $1.7MM in incentives, reports Duggan. Thus, the 24-year-old pass-catcher can actually earn more than $2.4MM if he maxes out his incentive-based pay. If the Giants release Coleman before the regular season begins, they won’t owe him any money, and the Bills would be responsible for the totality of his remaining guarantees ($2.039MM).

The 15th overall selection in the 2016 draft, Coleman appeared in eight games for the Giants in 2018. While he managed only five receptions on eight targets, Coleman could have a path to playing time next season on a New York depth wide receiver depth chart that is relatively barren behind Sterling Shepard and Golden Tate.

Photo courtesy of USA Today Sports Images.

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2 comments on “Giants WR Corey Coleman Signed New Deal

    • Sick of Losing

      absolutely. Low risk. Win/win signing for NY and Buffalo pays 2/3 the salary.

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