The New York Giants launched quarterback Daniel Jones on Friday, a transfer that was requested by Jones and granted by the Giants, who had successfully benched DJ for perpetuity this week.
The Giants are not doubtlessly on the hook for the $23 million damage clause in Jones’ contract however are nonetheless going to really feel an enormous pinch by letting him go as mapped out by Yahoo! Sports activities’ Sean Leahy.
Jones will technically be positioned on waivers, however contemplating his contract he’ll find yourself changing into an unrestricted free agent. He was within the second yr of a four-year, $160 million contract extension he signed in March 2023.
There was no assured cash remaining after this season and as soon as Jones clears waivers and is launched, the Giants will tackle $47.1 million in useless wage cap house this season and $22.2 million in 2025, in response to Spotrac. They may also pay out his complete $35.5M wage.
There are silver linings to this transfer, nonetheless. The Giants will unlock $19.4 million in 2025 wage cap house and will presumably earn a compensatory draft choice ought to Jones signal with one other NFL workforce this season, which nonetheless has seven weeks remaining.
Simply catching as much as listening to that Daniel Jones was reduce, so perhaps this has been stated already, however because the Comp Choose Man I ought to observe that if a workforce indicators him this season, they will get compensatory decide credit score for him subsequent season—& even backup QBs often receives a commission sufficient to qualify.
— Nick Korte (@nickkorte) November 22, 2024
With many a workforce in search of quarterback depth, Jones will certainly get a couple of seems. He’s wholesome and now received’t price a lot to any workforce who indicators him.
That workforce can be sensible to let Jones clear waivers, which finish Monday at 4:00 p.m. ET, in order to not should pay the rest of this 2024 wage.
One of many groups being bandied about by pundits is Dallas, who misplaced Dak Prescott for the season and is rolling with Cooper Rush and Trey Lance.
