Giants Restructure QB Daniel Jones’ Contract
September 4th, 2023 at 8:56am CST by Adam La Rose
In need of financial wiggle room to start the season, the Giants have created some by re-working their franchise quarterback’s pact. Daniel Jones has agreed to a restructure which sees $8.42MM of his 2023 salary converted into a signing bonus, per ESPN’s Field Yates.
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As a result of the move, Jones’ cap hit for this season has dropped from $21.8MM to $15.4MM. That will give the Giants some much-needed breathing room, as they entered Monday 29th in the league in cap space. On the other hand, it increases the burden of the 26-year-old’s deal in future years, with his cap hits for the next three years ballooning to $47.1MM, $41.6MM and $58.6MM.