The New York Giants and quarterback Daniel Jones agreed terms on a four-year deal worth $160 million, according to NFL Network Insiders Ian Rapoport and Mike Garafolo.
BREAKING: Giants signing QB Daniel Jones to four-year extension worth $160M. (via @MikeGarafolo, @RapSheet) pic.twitter.com/Zct3ssIkj5
— NFL (@NFL) March 7, 2023
The pact includes $35 million in additional incentives, $82 million over the first two years and a first-year cap number of $19 million.
The deal came down minutes before the NFL’s franchise tag deadline.
Getting Jones’ contract done allowed the Giants to use the tag and keep star running back Saquon Barkley off the free-agent market.
Jones’ deal makes him the ninth quarterback to breach the $40 million-per-year mark in the NFL.