Daniel Jones’ monster new contract will help the Giants’ salary-cap situation through 2023.
As part of Jones’ four-year, $160 million contract, the quarterback’s cap number for this year will be around $18.5 million, the Post’s Paul Schwartz reports , giving the Giants plenty of room to make some noise in free agency.
The Giants were poised to have about $50 million in cap space entering free agency Tuesday.
With the Giants placing a nearly $10.1 million franchise tag on running back Saquon Barkley before Tuesday’s deadline, the Giants have about $21.4 million to spend when NFL free agency begins next week.
Teams can begin talking to free agents on Monday, and players can officially begin signing next Wednesday.
The Giants will save $6.7 million on this year’s cap when they officially release wide receiver Kenny Golladay.
Jones, 25, will receive $82 million over the first two years of his contract and can earn $35 million in incentives.
Talks between Jones and the Giants went down to the wire, with the Post’s Ryan Dunleavy reporting seven minutes before the 4 p.m. deadline that the two sides had reached an agreement.
Had they not made a deal, the Giants would have had to place the $32.4 million franchise tag on Jones, leaving Barkley’s position up in the air.
Under first-year head coach Brian Daboll, Jones helped lead the Giants to their first playoff berth in six years last season.
Jones threw for 3,205 yards, 15 touchdowns and five interceptions while rushing for 708 yards and seven scores.
He and the Giants beat the Vikings in the wild-card round before losing to the Eagles.
