New York Giants News & Rumors

NFL Restructures: McCaffrey, Jones, Franklin-Myers, Jones

Here are a few details on recent contract restructures agreed to around the league:

  • The 49ers were able to reach an agreement on a restructured contract with star running back Christian McCaffrey last week, according to ESPN’s Field Yates, opening up $8.58MM in cap space. The team converted $10.72MM of McCaffrey’s 2023 base salary into a signing bonus and added two void years in order to reach the desired cap savings.
  • The Raiders were likewise able to restructure the contract of outside linebacker Chandler Jones to free up $5.07MM in cap space, according to Yates. Jones agreed to convert $6.33MM of his 2023 base salary into a signing bonus and add an additional void year to help Las Vegas reach those figures.
  • Yates also reports that the Jets reached an agreement last week to restructure defensive end John Franklin-Myers‘s contract. New York converted $4.32MM of Franklin-Myers’s 2023 base salary into a signing bonus to clear up $3.46MM in cap space.
  • In one of the least impactful updates we’ve reported, the Giantscap space decreased by $750K last week because of a corresponding increase to quarterback Daniel Jones‘s cap hit. According to Dan Duggan of The Athletic, the adjustment stems from an incentive Jones can earn this season if he plays over 65 percent of the team’s offensive snaps and wins the division. According to the league’s CBA, “any incentive bonus based on the team’s ranking in its Division automatically will be deemed ‘likely to be earned,'” which adds the incentive automatically to Jones’s 2023 cap hit.

NFL Draft Pick Signings: 5/5/23

Here are a few more mid- to late-round draft picks who signed their four-year rookie contracts today:

Green Bay Packers

Indianapolis Colts

  • CB Darius Rush (fifth round, South Carolina)
  • S Daniel Scott (fifth round, California)
  • DE Titus Leo (sixth round, Wagner)
  • CB Jaylon Jones (seventh round, Texas A&M)
  • T Jake Witt (seventh round, Northern Michigan)

New York Giants

New York Jets

Giants Re-Sign OLB Oshane Ximines

While the Giants did not draft an edge rusher, they will bring back one of their previous options at outside linebacker. Oshane Ximines will return on a one-year deal, Ian Rapoport of NFL.com tweets. The Giants have since announced the signing.

A former Giants third-round pick, Ximines has mostly worked as a rotational presence with New York. But the Old Dominion product has made nine starts over the course of a four-year career.

Former GM Dave Gettleman eschewed the Giants’ edge-rushing need — created by the team trading Jason Pierre-Paul and Olivier Vernon — for much of his tenure. Ximines represented one of the since-departed GM’s top investments at the position. A year after drafting Lorenzo Carter in the third round, the Giants chose Ximines 95th overall in 2019. The team let Carter walk last year, and he has since signed a multiyear deal with the Falcons. But Ximines remains positioned as a Big Blue second-stringer.

After totaling 4.5 sacks as a rookie, Ximines has not made many statistical contributions over the past three seasons. An offsides penalty that proved costly in a narrow loss to the Chiefs affected Ximines’ role in 2021, when he fell out of favor with Joe Judge‘s staff. Ximines spent much of that season’s dreadful Giants stretch run as a healthy scratch. The 26-year-old edge defender did bounce back a bit last season, recording two sacks and eight quarterback hits.

New York’s edge rush remains centered around Kayvon Thibodeaux and Azeez Ojulari. The latter’s rookie contract runs through 2024. Both starters battled injury issues last season, and Ximines’ workload increased as a result. After playing just 183 defensive snaps in 2021, Ximines logged a career-high 506 last season. Don Martindale will give the fifth-year defender another chance to be part of his edge rotation this season.

Giants Pick Up LT Andrew Thomas’ Fifth-Year Option

The Giants had one of the easier decisions to make with respect to today’s deadline on fifth-year options. As expected, they have exercised the option on left tackle Andrew Thomas, per a team announcement.

The 24-year old will now be on the books for at least the next two seasons, with a 2024 cap hit of $14.175MM. That figure is lowered by the fact that Thomas has yet to earn a Pro Bowl nod, but all-star appearances could be in his future considering his career ascent. His level of play in 2022 has put him squarely on the radar for a long-term deal.

Such a move could come later this offseason, a reflection of how the Georgia alum is viewed by the Giants’ front office. Thomas has taken a considerable step forward in terms of PFF evaluation in each of his three seasons, developing from a player who appeared to have been a reach at No. 4 overall to one of the game’s best pass protectors. He earned a stellar overall grade of 90.3 in 2022, ranking him third amongst qualifying tackles.

The 2020 first-round class has seen a mixed bag of results with options being picked up or declined, including along the offensive line. Thomas has proven to be a worthwhile investment for the Giants, a team which has both he and quarterback Daniel Jones in place for multiple seasons (along with another foundational piece, running back Saquon Barkley, in the fold for at least the 2023 campaign on the franchise tag).

A long-term Thomas accord will be worth far more than the price of the option next year, with Laremy Tunsil‘s latest Texans deal (three years, $75MM) considered by many to be the floor for any agreement. At a minimum, Thomas can be expected to become only the fourth blindside blocker in the league to reach the $20MM-per-year mark. If negotiations stall out this summer, the Giants will have an extended period to get a contract worked out with the anchor of their offensive front down the road.

2024 NFL Fifth-Year Option Tracker

NFL teams have until May 2 to officially pick up fifth-year options on 2020 first-rounders who are entering the final year of their rookie deals. The 2020 CBA revamped the option structure and made them fully guaranteed, rather than guaranteed for injury only. Meanwhile, fifth-year option salaries are now determined by a blend of the player’s position, initial draft placement and performance- and usage-based benchmarks:

  • Two-time Pro Bowlers (excluding alternate Pro Bowlers) will earn the same as their position’s franchise tag.
  • One-time Pro Bowlers will earn the equivalent of the transition tag.
  • Players who achieve any of the following will get the average of the third-20th highest salaries at their position:
    • At least a 75% snap rate in two of their first three seasons
    • A 75% snap average across all three seasons
    • At least 50% in each of first three seasons
  • Players who do not hit any of those benchmarks will receive the average of the third-25th top salaries at their position.

With the deadline looming, we’ll use the space below to track all the option decisions from around the league:

  1. QB Joe Burrow, Bengals ($29.5MM): Exercised
  2. DE Chase Young, Commanders ($17.45MM): Declined
  3. CB Jeff Okudah, Falcons* ($11.51MM): N/A
  4. T Andrew Thomas, Giants ($14.18MM): Exercised
  5. QB Tua Tagovailoa, Dolphins ($23.2MM): Exercised
  6. QB Justin Herbert, Chargers ($29.5MM): Exercised
  7. DT Derrick Brown, Panthers ($11.67MM): Exercised 
  8. LB Isaiah Simmons, Cardinals ($12.72MM): Declined
  9. CB C.J. Henderson, Jaguars** ($11.51MM): Declined
  10. T Jedrick Wills, Browns ($14.18MM): Exercised
  11. T Mekhi Becton, Jets ($12.57MM): Declined
  12. WR Henry Ruggs, Raiders: N/A
  13. T Tristan Wirfs, Buccaneers ($18.24MM): Exercised
  14. DT Javon Kinlaw, 49ers ($10.46MM): Declined
  15. WR Jerry Jeudy, Broncos ($14.12MM): Exercised
  16. CB AJ Terrell, Falcons ($12.34MM): Exercised
  17. WR CeeDee Lamb, Cowboys ($17.99MM): Exercised
  18. OL Austin Jackson, Dolphins ($14.18MM): Declined
  19. CB Damon Arnette, Raiders: N/A
  20. DE K’Lavon Chaisson, Jaguars ($12.14MM): Declined
  21. WR Jalen Reagor, Vikings*** ($12.99MM): To decline
  22. WR Justin Jefferson, Vikings ($19.74MM): Exercised
  23. LB Kenneth Murray, Chargers ($11.73MM): Declined
  24. G Cesar Ruiz, Saints ($14.18MM): Declined
  25. WR Brandon Aiyuk, 49ers ($14.12MM): Exercised
  26. QB Jordan Love, Packers ($20.27MM): Extended through 2024
  27. LB Jordyn Brooks, Seahawks ($12.72MM): Declined
  28. LB Patrick Queen, Ravens ($12.72MM): Declined
  29. T Isaiah Wilson, Titans: N/A
  30. CB Noah Igbinoghene, Dolphins ($11.51MM): Declined
  31. CB Jeff Gladney, Vikings: N/A
  32. RB Clyde Edwards-Helaire, Chiefs ($5.46MM): To decline

* = Lions traded Okudah on April 11, 2023
** = Jaguars traded Henderson on Sept. 27, 2021
*** = Eagles traded Reagor on August 31, 2022

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

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.

2023 NFL Draft Results: Team By Team

As the 2023 NFL Draft gets underway, we will keep track of each team’s haul here:

Arizona Cardinals

Round 1, No. 6 (from Rams through Lions): Paris Johnson, OT (Ohio State) (signed)
Round 2, No. 41 (from Titans): BJ Ojulari, DE (LSU) (signed)
Round 3, No. 72 (from Titans): Garrett Williams, CB (Syracuse) (signed)
Round 3, No. 94 (from Eagles): Michael Wilson, WR (Stanford) (signed)
Round 4, No. 122 (from Dolphins through Chiefs and Lions): Jon Gaines II, G (UCLA) (signed)
Round 5, No. 139 (from Broncos through Lions): Clayton Tune, QB (Houston) (signed)
Round 5, No. 168 (from Cardinals through Lions): Owen Pappoe, LB (Auburn) (signed)
Round 5, No. 180: Kei’Trel Clark, CB (Louisville) (signed)
Round 6, No. 213: Dante Stills, DT (West Virginia) (signed)

Atlanta Falcons

Round 1, No. 8: Bijan Robinson, RB (Texas) (signed)
Round 2, No. 38 (from Colts): Matthew Bergeron, T (Syracuse) (signed)
Round 3, No. 75: Zach Harrison, DE (Ohio State) (signed)
Round 4, No. 113: Clark Phillips III, CB (Utah) (signed)
Round 7, No. 224 (from Raiders): DeMarcco Hellams, S (Alabama) (signed)
Round 7, No. 225: Jovaughn Gwyn, G (South Carolina) (signed)

Baltimore Ravens

Round 1, No. 22: Zay Flowers, WR (Boston College) (signed)
Round 3, No. 86: Trenton Simpson, LB (Clemson) (signed)
Round 4, No. 124: Tavius Robinson, LB (Ole Miss) (signed)
Round 5, No. 157: Kyu Blu Kelly, CB (Stanford) (signed)
Round 6, No. 199: Malaesala Aumavae-Laulu, OT (Oregon) (signed)
Round 7, No. 229 (from Browns): Andrew Vorhees, G (USC) (signed)

Buffalo Bills

Round 1, No. 25 (from Giants through Jaguars): Dalton Kincaid, TE (Utah) (signed)
Round 2, No. 59: O’Cyrus Torrence, G (Florida) (signed)
Round 3, No, 91: Dorian Williams, LB (Tulane) (signed)
Round 5, No. 150 (from Commanders): Justin Shorter, WR (Florida) (signed)
Round 7, No. 230 (from Buccaneers through Jets, Texans, Eagles and Bills): Nick Broeker, G (Ole Miss) (signed)
Round 7, No. 252 (from Buccaneers through Rams): Alex Austin, CB (Oregon State) (signed)

Carolina Panthers

Round 1, No. 1 (from Bears): Bryce Young, QB (Alabama) (signed)
Round 2, No. 39: Jonathan Mingo, WR (Ole Miss) (signed)
Round 3, No. 80 (from Steelers): D.J. Johnson, DE (Oregon) (signed)
Round 4, No. 114: Chandler Zavala, G (North Carolina State) (signed)
Round 5, No. 145: Jammie Robinson, S (Florida State) (signed)

Chicago Bears

Round 1, No. 10 (from Saints through Eagles): Darnell Wright, OT (Tennessee) (signed)
Round 2, No. 53 (from Ravens): Gervon Dexter, DT (Florida) (signed)
Round 2, No. 56 (from Jaguars): Tyrique Stevenson, CB (Miami) (signed)
Round 3, No. 64: Zacch Pickens, DT (South Carolina) (signed)
Round 4, No. 115 (from Saints): Roschon Johnson, RB (Texas) (signed)
Round 4, No. 133 (from Eagles): Tyler Scott, WR (Cincinnati) (signed)
Round 5, No. 148 (from Patriots through Ravens): Noah Sewell, LB (Oregon) (signed)
Round 5, No. 165 (from Saints through Eagles): Terell Smith, CB (Minnesota) (signed)
Round 7, No. 218: Travis Bell, DT (Kennesaw State) (signed)
Round 7, No. 258: Kendall Williamson, S (Stanford) (signed)

Cincinnati Bengals

Round 1, No. 28: Myles Murphy, DE (Clemson) (signed)
Round 2, No. 60: DJ Turner, CB (Michigan) (signed)
Round 3, No. 95 (from Chiefs): Jordan Battle, S (Alabama) (signed)
Round 4, No. 131: Charlie Jones, WR (Purdue) (signed)
Round 5, No. 163: Chase Brown, RB (Illinois) (signed)
Round 6, No. 206: Andrei Iosivas, WR (Princeton) (signed)
Round 6, No. 217 (from Chiefs): Brad Robbins, P (Michigan) (signed)
Round 7, No. 246: DJ Ivey, CB (Miami) (signed)

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Giants Obtain No. 73 From Rams, Draft WR Jalin Hyatt

The Rams have completed another trade-down maneuver. They are sending No. 73 overall to the Giants in exchange for Nos. 89 and 128.

This move comes shortly after Sean McVay‘s team slid down from No. 69, dealing with the Texans. At 73, the Giants are taking wide receiver Jalin Hyatt. The Giants will add the Tennessee deep threat to a revamped receiving corps. The Volunteers’ top 2022 wideouts have gone back-to-back, with the Browns selecting Cedric Tillman at No. 74.

One of this draft’s best deep threats, Hyatt was among the many receiver prospects to spend time with the Giants during the pre-draft process. Hyatt will join new additions Parris Campbell and Jamison Crowder in New York. With the Giants also re-signing Darius Slayton and Sterling Shepard — along with RFA Isaiah Hodgins — their receiver group is about at capacity.

Hyatt’s arrival does not supply the Giants with tremendous size, as he stands 6-foot tall. But he brings elite speed to the mix. He ran a 4.40-second 40-yard dash at the Combine but did so while dealing with a hamstring issue. He also is the reigning Biletnikoff award winner.

Hyatt broke through for a stunning performance against Alabama — in Tennessee’s October win — with a 207-yard, five-touchdown display. Last year represented Hyatt’s only notable run of production with the Volunteers; prior to his 1,267-yard season, he did not top 300 receiving yards in 2020 or ’21.

Last season, the Giants needed to drag Slayton out of their doghouse and use Hodgins — a midseason waiver claim — extensively as well. Big Blue also has Wan’Dale Robinson coming off an ACL tear. It would not seem there is room for all seven of these wideouts on Brian Daboll‘s roster, but considering the injury trouble the team has dealt with recently — while adding Campbell’s injury past to the mix — it might be wise for the team to stock up at the position.

If nothing else, Daniel Jones will enjoy a much deeper pass-catching corps compared to last season. After earning a $40MM-per-year payday, the fifth-year quarterback has this contingent and Darren Waller to target in 2023.

Giants Trade Up For CB Deonte Banks

The Giants are moving up one spot. New York has acquired pick No. 24 from the Jaguars for pick No. 25, No. 160 and No. 240, per ESPN’s Field Yates (on Twitter). The Giants will use their selection on Maryland cornerback Deonte Banks.

Although the Giants were perhaps the team most closely tied to the top wide receivers in this draft, cornerback has been a need in New York for a bit. The team whiffed on 2019 first-rounder Deandre Baker and released James Bradberry last year. The Giants did not make much of an effort to replace Bradberry and entered the draft with a hole opposite Adoree’ Jackson, who is going into a contract year.

Banks drew extensive attention during the pre-draft process, charting a busy course across the country. Nearly half the NFL’s 32 teams met with Banks; the Giants were among that contingent. Our Ely Allen covered Banks’ pre-draft profile, and despite Joey Porter Jr. receiving a bit more acclaim during the leadup to the draft, the Giants went with another Big Ten cover man. In a major surprise, Porter remains on the board heading into Round 2.

Banks bounced back from a shoulder injury that cut his 2021 season off after two games. Excelling in press coverage and running a 4.35-second 40-yard dash at the Combine, Banks brings a 6-foot, 197-pound frame to the Giants. New York selected slot hopeful Cor’Dale Flott in the third round last year, but it should be expected Banks has a quicker avenue to regular duty as a rookie.

Don Martindale received praise for his work in New York last season, and while the team ranked 25th defensively, it fared better against the pass (14th). The Giants accomplished that upper-half pass defense ranking despite Jackson missing a chunk of the season with an MCL sprain and would-be No. 2 corner Aaron Robinson missing almost all of it because of a worse knee injury earlier in the season. The Giants signed Amani Oruwariye from the Lions, but he took a big step back in his contract year. As such, Banks should be expected to join Jackson as the Giants’ top corners during his rookie year.