Giants' Jones lands $160M deal; Saquon gets tag

The New York Giants have agreed to a four-year, $160 million deal with quarterback Daniel Jones, sources told ESPN, and have used their nonexclusive franchise tag on running back Saquon Barkley.

The Giants made the moves just ahead of Tuesday’s 4 p.m. ET deadline for NFL teams to use their franchise and transition tags.

Jones will make $82 million guaranteed at signing as part of the deal, which also includes up to $35 million in incentives, sources told ESPN’s Jordan Raanan. Barkley will make make $10.091 million in 2023 under the nonexclusive franchise tender.

Giants general manager Joe Schoen had publicly stated that the team hoped to retain both players, which was made possible by the long-term deal for Jones.

Jones, who turns 26 in May, is coming off the most efficient season of his career and led the Giants to a winning record for the first time since being drafted in the first round in 2019. He also played brilliantly in leading New York to a postseason victory over Minnesota, setting the stage for nearly two months of contract negotiations.

Jones passed for 3,205 yards with 15 touchdowns and five interceptions last season while also rushing for another 708 yards and seven touchdowns.

Jones’ contract status was a key factor in the Giants’ offseason plans for Barkley, who also was a vital contributor to New York’s surprising playoff run in 2022. Schoen said the Giants planned to use their franchise tag on Jones if the sides were unable to reach a deal, which likely would have resulted in Barkley becoming a free agent.

Barkley once again showed he can be a difference-maker, playing a full season in 2022 for the first time since his rookie year and finishing fourth in the NFL with 1,310 rushing yards. The former No. 2 overall draft selection scored 10 touchdowns, had 32 rushes of 10 or more yards and finished with 1,650 yards from scrimmage en route to being the runner-up for AP Comeback Player of the Year.

The only question surrounding Barkley has been his health; he struggled with injuries for three consecutive seasons from 2019 to 2021 and missed almost all of 2020 because of a torn ACL in his right knee.

ESPN’s Jordan Raanan contributed to this report.