Transactions News & Rumors

APRIL 23: The new Lawrence deal will pay out $11MM in base salary along with a $10MM roster bonus and $1MM in per-game roster bonuses next season, as detailed by The Athletic’s Dan Duggan. 2027 also contains an option bonus ($8.25MM) along with the same roster bonuses and a workout bonus. Lawrence is due to collect $5MM more across the next two years than he was with the Giants, and the Bengals will easily be able to move on after that span.

APRIL 19: The trade sending DT Dexter Lawrence from the Giants to the Bengals in exchange for the No. 10 overall pick in this week’s draft also featured a revised contract. ESPN’s Adam Schefter was first to report that Lawrence has inked a one-year, $28MM extension that will keep him under the Bengals’ control through 2028.

A report that emerged in the immediate aftermath of the trade suggested the Giants did make an effort to retain Lawrence even after the Bengals put the No. 10 pick on the table. Paul Schwartz of the New York Post corroborates that report and confirms Big Blue made offers that would have resulted in a sizable raise for Lawrence, which the 28-year-old obviously declined.

Connor Hughes of SNY.tv adds that the Giants’ proposals included an average annual value “near” $28MM, but in exchange, they wanted to add more years to Lawrence’s existing deal (which had two seasons remaining). Per Hughes, Lawrence’s camp did not even make a counteroffer, which – combined with the relatively modest terms of his Cincinnati extension – make it plain that the player simply wanted a fresh start elsewhere.

Myles Simmons of Pro Football Talk passes along a full breakdown of Lawrence’s Cincinnati deal. He was due $42MM over the final two seasons of his Joe Schoen-constructed contract, and the $28MM add-on makes it a three-year, $70MM agreement. The $23.33MM average annual value places Lawrence 10th among defensive tackles, just one spot higher than he was before the trade (though he will get some near-term raises; he was previously scheduled to earn $20MM in 2026 and $22MM in 2027, but he is now due $22MM in ‘26, $25MM in ‘27, and $23MM in ‘28, as Fox Sports’ Ralph Vacchiano summarizes).

Lawrence’s potential impact on a Cincinnati defense that has undermined the club’s chances of qualifying for the playoffs in recent seasons, together with a financial commitment that does not shoot their new acquisition particularly high up the league’s DT hierarchy, help to justify the Bengals’ uncharacteristic aggressiveness here. That said, league sources still believe the Giants did well to land the No. 10 choice.

Hughes spoke with several coaches who were “stunned” by the return. Those coaches agreed that Lawrence is a very good player but pointed to his age and conditioning as cause for concern, as well as the fact that he needs to be kept on something of a snap count to maximize his production. ESPN’s Jordan Raanan says the Giants themselves were surprised by the strength of the Bengals’ offer, and Raanan’s colleague, Jeremy Fowler, hears no one was going to top it.

Lawrence is coming off a down year – albeit one Schoen partially blamed on the elbow injury the three-time Pro Bowler sustained late in 2024 – and even though their gamble is mitigated to some degree by the nature of the extension, the Bengals are clearly banking on a return to elite form. In a statement issued after the trade became official, director of player personnel Duke Tobin made sure to thank much-maligned owner Mike Brown for greenlighting the transaction and added that he expects Lawrence to elevate the players around him (the full statement is available here, courtesy of SI’s Jay Morrison).

Lawrence is the centerpiece of an offseason defensive overhaul in the Queen City that also includes the additions of Jonathan Allen, Boye Mafe, Bryan Cook, and Kyle Dugger. The Giants, meanwhile, could consider one of the top DT prospects in the draft as a Lawrence replacement, and they now have two top-10 selections to aid in their quest for a return to contention.