The New York Giants and Daniel Jones have reached a long-term contract that will prevent the Giants from having to use the franchise tag to keep the quarterback off the free agent market.
Ryan Dunleavy of the New York Post was first with the news. The deal was announced with just minutes to spare before the 4 p.m. ET franchise tag deadline.
Ian Rapoport is reporting that the contract will be “a 4-year deal worth $160M, sources say, with $35M more in upside.”
Giants general manager Joe Schoen had been adamant since the end of the 2022 season that Jones would be the team’s quarterback in 2023, and that while the tag was not his preferred option he would use it to keep the quarterback if he had to.