Daniel Jones and the Giants narrowly beat the franchise tag deadline, and have agreed to terms on a four-year extension worth $160 million, per Ian Rapoport. The deal also has an additional $35 million available through various incentives.
Jones also gets $82 million in the first two years, according to NFL Network’s Tom Pelissero. The new deal comes just a year after the Giants declined Jones’ fifth-year option. Jones would go on to have a career year, largely driven by his rushing ability, under new head coach Brain Daboll and used that leverage to get a great deal.
Jones then led the Giants to the playoffs and upset the third-seeded Minnesota Vikings on the road. According to ESPN’s Jordan Raanan, only $82 million of Jones’ contract is guaranteed, which gives the Giants plenty of flexibility and ability to get out of this deal if his 2022 season proves to be just a flash in the pan for Daniel Jones.
Although Jones only had five interceptions this season, he had 19 turnover-worthy-plays, the most he has had since his rookie year where he had 31. Jones played reasonably well under Brian Daboll, and with a supporting cast that left a lot to be desired. The Giants are committing to him for the near future, but like Derek Carr’s extension with the Raiders last year, it seems that this contract is simply a franchise tag substitute.