The Giants continued investing in weapons for quarterback Daniel Jones on Thursday. After trading for tight end Darren Waller on Tuesday, the Giants re-signed wide receiver Darius Slayton and signed wide receiver Parris Campbell on Thursday.
Here’s an overview of where things stand with the Giants as the first wave of free agency winds down:
Deal or no deal?
Things have been quiet on the Saquon Barkley front since the running back was franchise tagged last week. Giants general manager Joe Schoen said last week the negotiations on a long-term deal that started during the season would continue.
Barkley turned down a multi-year offer worth $12.5 million per year during the season, according to a league source. There have been reports that the Giants increased that offer to around $13 million per year after the season.
If Barkley is holding out for more, he has no leverage. The $10.1 million franchise tag is manageable for the Giants, even though they’d likely create a few million in cap space with an extension.
The running back market has cratered. With Barkley, Las Vegas’ Josh Jacobs and Dallas’ Tony Pollard getting tagged, Miles Sanders was the top back on the market. The 25-year-old, who had 1,269 yards rushing and 11 touchdowns last season, signed a four-year contract reportedly worth $25 million. Meanwhile, the Cowboys released running back Ezekiel Elliott with four years remaining on the six-year, $90 million extension he signed in 2019. No running back has signed a multi-year contract worth more than $7 million annually in the past two offseasons.
The Giants don’t figure to play hardball with a respected captain by lowering their existing offer. But there’s certainly no reason for the team to increase its offer based on the state of the running back market. Eventually, Barkley has to come to terms with the Giants’ offer being his best option.