The New York Giants have until Tuesday at 4 p.m. ET to place the franchise tag on Daniel Jones. They reportedly may take as much time as possible to negotiate a long-term deal.
According to NFL Network’s Mike Garafolo, “nothing seems imminent” Monday night. Extension talks could “come down to the wire.”
Jones enjoyed a breakout year under first-year head coach Brian Daboll after the Giants declined the 2019 first-round pick’s fifth-year option. He led the G-Men to a playoff victory after throwing just five interceptions during the regular season.
As a result, signing the 25-year-old to a long-term extension likely won’t be cheap. According to Pat Leonard of the New York Daily News, Jones is seeking more than $45 million per year.
If the two sides can’t reach a multi-year deal by Tuesday afternoon, the Giants will almost certainly tag Jones. The quarterback would then play the 2023 season on a $32.4 million guaranteed contract.
Complicating matters for the Giants, they can only tag one of Jones or Saquon Barkley. Garafolo said general manager Joe Schoen had a “positive meeting” with the running back Monday, and there’s “continued hope” they can reach a deal.
