In a move that solidifies his future with the New York Giants, quarterback Daniel Jones has signed a four-year, $160 million contract extension. This deal makes Jones one of the top-10 highest-paid quarterbacks in the NFL, with a significant portion of the contract guaranteed and the potential for additional performance-based incentives.
Key Details of Daniel Jones’ Contract Extension
The contract extension signed by Daniel Jones with the New York Giants includes the following key details:
| Contract Details | Value |
|---|---|
| Duration | 4 years |
| Total Value | $160 million |
| Average Annual Salary | $40 million |
| Fully Guaranteed Money | $82 million |
| Additional Guaranteed Money (Injury) | $23 million |
| Performance Incentives | Up to $35 million |
In addition to the impressive financial terms, the Giants also restructured Jones’ contract in September 2023, converting $8.42 million of his salary into a signing bonus. This move created $6.315 million in cap space for the 2023 season, but it also increased Jones’ cap figures by $2.105 million in each of the 2024, 2025, and 2026 seasons.
Daniel Jones’ Career Performance and Impact
Daniel Jones has shown steady improvement throughout his career with the New York Giants. In 2022, he had a career-best season, posting a 67.2% completion percentage, 3,205 passing yards, and a 92.5 passer rating. Jones also added 708 rushing yards and seven rushing touchdowns, showcasing his dual-threat abilities.
One of the highlights of Jones’ career was leading the Giants to their first playoff win in 11 years during the 2022 season. This postseason success has further solidified his status as the team’s franchise quarterback.
However, Jones has also struggled with injuries throughout his career, including a season-ending ACL tear in 2022. This has raised concerns about his durability and the potential impact on the team’s financial commitments.
Contract Restructuring and Future Implications
The Giants’ decision to restructure Jones’ contract in September 2023 was a strategic move to create immediate cap space. This additional cap room could be used to sign other players or carry over into the next offseason.
The restructuring, however, has also increased Jones’ future cap figures, which could become a concern if he underperforms or suffers another significant injury. In 2025, Jones is scheduled to earn $30 million, with $23 million guaranteed against injury. If he struggles or is unable to stay healthy, the Giants might consider benching him to avoid this financial obligation.
Overall, Daniel Jones’ contract extension represents a significant investment by the New York Giants in their franchise quarterback. While the deal provides financial security for Jones, it also comes with heightened expectations and potential risks that the team will need to navigate in the coming years.
References
- CBS Sports. (2023, September 4). Giants restructure Daniel Jones contract months after massive extension to create salary cap space, per report. Retrieved from https://www.cbssports.com/nfl/news/giants-restructure-daniel-jones-contract-months-after-massive-extension-to-create-salary-cap-space-per-report/
- Over The Cap. (n.d.). Daniel Jones Contract Details, Salary Cap Charges, Bonus Money. Retrieved from https://overthecap.com/player/daniel-jones/7797
- NFL. (2023, March 7). Giants, QB Daniel Jones agree to four-year, $160 million contract. Retrieved from https://www.nfl.com/news/giants-qb-daniel-jones-agree-to-four-year-160-million-contract
- New York Giants. (2023, March 8). Giants sign Daniel Jones to four-year contract. Retrieved from https://www.giants.com/news/giants-sign-daniel-jones-four-year-contract-joe-schoen-brian-daboll-2023
- NJ.com. (2024, May 15). Giants’ Daniel Jones has condition in contract that could force early benching, analyst says. Retrieved from https://www.nj.com/sports/2024/05/giants-could-bench-daniel-jones-for-this-contract-reason-analyst-says.html
