Giants Engaged In Kayvon Thibodeaux Trade Talks; Saints Showing Interest

6:57pm: While Thibodeaux could be on the move soon — he dropped a Paul Walker Furious 7 image on his Instagram after this latest rumor circulated — GM Joe Schoen said (via ESPN.com’s Jordan Raanan) no trade is being discussed now.

5:13pm: Similar to their Mathias Kiwanuka and Jason Pierre-Paul first-round picks earlier this century, the Giants have stacked their edge-rushing corps by drafting Arvell Reese. That came after Abdul Carter arrived in New York despite the presences of Brian Burns and Kayvon Thibodeaux.

While the Giants are preparing to start Reese as an off-ball linebacker — presumably with pass-down rush responsibilities a la an early-career Von Miller — a logjam has formed here. The Giants may be prepared to resolve the issue tonight. They are engaged in trade talks on Thibodeaux, veteran insider Jordan Schultz reports. The Saints are among the teams showing “strong interest.”

If the Giants do not move Thibodeaux, he might not have a starting role. A fascinating NASCAR package-style setup in which all four edge rushers share the field would generate intrigue — like the Giants’ JPP-Kiwanuka-Justin Tuck-Osi Umenyiora line did during the 2011 Super Bowl XLVI-winning season — but Thibodeaux’s name has come up in trade talks for several weeks. With one year left on his contract, the former No. 5 overall pick may soon need to relocate.

The Saints have been in on Thibodeaux since February, according to NewOrleans.football’s Nick Underhill. In late February, a report indicated the Giants were listening on the Oregon product. Days later, they were viewed as preferring to trade him. This was well before it was viewed likely that Reese — who was closely tied to the Jets at No. 2 overall — could fall to 5.

Although a potential early-Day 3 pick has been floated as satisfactory compensation, a recent report indicated the Giants were not prepared to accept anything south of a Day 2 choice for Thibodeaux. While Chase Young, Jaelan Phillips, Yannick Ngakoue and Dante Fowler generated third-rounders (or thirds and then something else) in contract years, Thibodeaux has been inconsistent as a pass rusher. He has one six-sack season on his resume, and that 11.5-sack 2023 season looks like an outlier. The Giants look to have vacillated on whether to keep or trade Thibodeaux this offseason, the New York Post’s Ryan Dunleavy adds. The Reese pick certainly stands to increase internal trade interest.

The Saints were connected to potentially trading up for Reese in Round 1. The Chiefs then viewed them as a threat for cornerback Mansoor Delane. But New Orleans did not move up the board and then left Rueben Bain Jr. there, choosing wideout Jordyn Tyson at No. 8. New Orleans returns Young and Carl Granderson but has not re-signed franchise sack kingpin Cameron Jordan, who is entering an age-37 season.

Thibodeaux, 25, is due fully guaranteed $14.75MM salary this season — his fifth-year option campaign — but is coming off a second straight injury-shortened year. After missing five games in 2024, he missed seven in ’25. It would be surprising if anyone offered more than a third-rounder for the former top prospect, and it is worth wondering if the Giants would accept a fourth-rounder and another Day 3 pick to finalize this deal. By engaging in talks now, the team appears to be hoping an EDGE-needy team will offer that elusive third to finish this process.