Giants make the signing official

Ian Rapoport
@RapSheet
Details on the #Giants deal for QB Daniel Jones:
-- 4 years
-- $160M
-- $35M more in incentives
-- $82M over the first two years
-- $94M virtually guaranteed at signing.
-- First-year cap number around $19M.

of incentive money. Must be some crazy ass requirements - like MVP, Super Bowl, NFCC, lead league in passing/TDs.

They are probably not likely to accomplish types.

by fast forward I mean adjusted a few years forward with QB contract inflation. If Jones isn't it they will draft his replacement in 2-4 years. That's that.
Dak Contract - ( New Window )

...I am glad this is over.

In comment 16056236 Eric from BBI said:

Quote:

Ian Rapoport @RapSheet Details on the #Giants deal for QB Daniel Jones: -- 4 years -- $160M -- $35M more in incentives -- $82M over the first two years -- $94M virtually guaranteed at signing. -- First-year cap number around $19M.

let me see if I can fill in the gaps around these numbers

40M signing bonus
2023 salary 9M gtd
2023 year end - 2025 6M bonus becomes guaranteed
2024 salary 33M gtd
2024 year end - 2026 6M bonus becomes guaranteed
2025 salary 33M
2026 salary 33M

2023 cap hit 19M
2024 cap hit 43M
2025 cap hit 46M
2026 cap hit 53M

Does not include incentives

In comment 16056360 .McL. said:

Quote:

In comment 16056236 Eric from BBI said: Quote: Ian Rapoport @RapSheet Details on the #Giants deal for QB Daniel Jones: -- 4 years -- $160M -- $35M more in incentives -- $82M over the first two years -- $94M virtually guaranteed at signing. -- First-year cap number around $19M. let me see if I can fill in the gaps around these numbers 40M signing bonus 2023 salary 9M gtd 2023 year end - 2025 6M bonus becomes guaranteed 2024 salary 33M gtd 2024 year end - 2026 6M bonus becomes guaranteed 2025 salary 33M 2026 salary 33M 2023 cap hit 19M 2024 cap hit 43M 2025 cap hit 46M 2026 cap hit 53M Does not include incentives

If it wasn't clear, I am just guessing at some numbers. But based on what we know, there is a limited amount of play...

In comment 16056360 .McL. said:

Quote:

In comment 16056236 Eric from BBI said: Quote: Ian Rapoport @RapSheet Details on the #Giants deal for QB Daniel Jones: -- 4 years -- $160M -- $35M more in incentives -- $82M over the first two years -- $94M virtually guaranteed at signing. -- First-year cap number around $19M. let me see if I can fill in the gaps around these numbers 40M signing bonus 2023 salary 9M gtd 2023 year end - 2025 6M bonus becomes guaranteed 2024 salary 33M gtd 2024 year end - 2026 6M bonus becomes guaranteed 2025 salary 33M 2026 salary 33M 2023 cap hit 19M 2024 cap hit 43M 2025 cap hit 46M 2026 cap hit 53M Does not include incentives

Hmm, nice work, I think. That certainly makes it more palatable, I guess.

In comment 16056360 .McL. said:

Quote:

In comment 16056236 Eric from BBI said: Quote: Ian Rapoport @RapSheet Details on the #Giants deal for QB Daniel Jones: -- 4 years -- $160M -- $35M more in incentives -- $82M over the first two years -- $94M virtually guaranteed at signing. -- First-year cap number around $19M. let me see if I can fill in the gaps around these numbers 2023 cap hit 19M 2024 cap hit 43M 2025 cap hit 46M 2026 cap hit 53M Does not include incentives

Projected
2023 cap $225M
2024 cap $256M
2025 cap $282M
2026 Cap $302M

Is 38 mil. So make adjustments in your figures.

In comment 16056409 PaulN said:

Quote:

Is 38 mil. So make adjustments in your figures.

if that's accurate trying to work this out, if he's getting paid 82m in the first 2 years but the first 2 year cap hits (19m+38m) add up to 57m, that means that there's another 25m of signing bonus cash not yet accounted for on the cap.

im not positive but i think that equates to the overall signing bonus being $50m which would mean first 2 years are:

50m sb
6.5m base + 12.5m sb = 19m cap number
25.5m base + 12.5m sb = 38m cap number

that's the guaranteed 82m and would leave 78m cash left to be paid as salaries in year's 3 + 4. split evenly that would mean the last 2 years = 51.5m aav but id guess it's 49m/54m or something like that. it sounds like there's also a trigger that guarantees some of the year 3 money which is why i'd guess that one is more manageable with the 4th year being a true balloon option year (and they intend to be on to a new contract by then).

not positive that all works out but i guess we'll find out tomorrow.

In comment 16056360 .McL. said:

Quote:

In comment 16056236 Eric from BBI said: Quote: Ian Rapoport @RapSheet Details on the #Giants deal for QB Daniel Jones: -- 4 years -- $160M -- $35M more in incentives -- $82M over the first two years -- $94M virtually guaranteed at signing. -- First-year cap number around $19M. let me see if I can fill in the gaps around these numbers 40M signing bonus 2023 salary 9M gtd 2023 year end - 2025 6M bonus becomes guaranteed 2024 salary 33M gtd 2024 year end - 2026 6M bonus becomes guaranteed 2025 salary 33M 2026 salary 33M 2023 cap hit 19M 2024 cap hit 43M 2025 cap hit 46M 2026 cap hit 52M Does not include incentives

corrected, the 2026 cap hit is 52M in the scenario.

I should do dead money and cap savings as well

2023 -------
2024 dead 69M pre June 1 cap savings -23M
2025 dead 32M pre June 1 cap savings 14M
2026 dead 19M pre June 1 cap savings 33M

There is a painful out after 2 years.
Realistically, they would have to stick with him for 3 at which point this becomes a 3 year contract for 127M.
Seems like quite a bit more than Smith or Car got.

In comment 16056413 .McL. said:

Quote:

There is a painful out after 2 years. Realistically, they would have to stick with him for 3 at which point this becomes a 3 year contract for 127M. Seems like quite a bit more than Smith or Car got.

Haven't followed all your numbers since just getting back to the board, but once the $94M figure came out it was a pretty simple back-of-the-envelope to break the remaining $66M of the $160M in half and ballpark the deal as:

2 years/$94M
3 years/$127M
4 years/$160M

plus incentives.

I’d been hoping to see a number in the $15-20mm range. If Jones returns to pre-break-out form, that will be a major obstacle for the franchise.

He’d better continue to improve.

Nice work McL and others.

I like the contract generally but that level of guarantees is a downside.

I had a feeling this would all work out.

Barkley & Jones.

:)

This is going to be a fun decade.

Than his 5th year option.

I wonder if this will endbup as a 3 year deal with a hugh ballon payment in the 4th year....that either must be renogitated or cut?

The extra incentives are like winning the NFC conference, winning Super Bowl....which we would be happy to do.

In comment 16056250 section125 said:

Quote:

of incentive money. Must be some crazy ass requirements - like MVP, Super Bowl, NFCC, lead league in passing/TDs. They are probably not likely to accomplish types.

But if achieved make the contract a bargain

“Leap of faith” that he will improve, otherwise they are screwed the next few years anyway. It’s essentially a 3 yr 40+ million/yr contract. That’s fair and gown his age, roughly market value. It will be a very reasonable contract after the other guys have signed for more. (Hurts , Herbert , Burrow, Jackson).

much money he makes or what his cap hit is or if his incentives are reachable.

What matters to me is that the General Manager and the Head Coach thought that he is good enough to sign for 4 years and a truckload of money. Those two guys have shown to me that they have a keen sense of a player's value. So, when the guy on the couch keeps saying how much Jones sucks and why, I'll keep in mind that two guys who have been in the business of football for a long time thinks Jones is pretty darned good.

In comment 16056427 cosmicj said:

Quote:

I’d been hoping to see a number in the $15-20mm range. If Jones returns to pre-break-out form, that will be a major obstacle for the franchise. He’d better continue to improve. Nice work McL and others. I like the contract generally but that level of guarantees is a downside.

2025 cap will likely be much closer to 300m after the Google/YT money kicks in. Youtube is paying ~500m more per year than DirectTV was. 32 dead cap is rough, but not insurmountable if they want to move on. Eagles carried ~$34m in dead cap for Wentz against a $182m cap. They ripped the bandaid off and were able to move on. Ideally scenario is that Jones plays well, but if not it provides a window to move on.

In comment 16056427 cosmicj said:

Quote:

I’d been hoping to see a number in the $15-20mm range. If Jones returns to pre-break-out form, that will be a major obstacle for the franchise. He’d better continue to improve. Nice work McL and others. I like the contract generally but that level of guarantees is a downside.

I really don't think it will be something to worry about. This deal works for both sides. And I'm not crazy about committing based on 'upside'.

I also think we have to keep in mind how much his coach, teammates respect and love him.

I am glad we have a viable GM, HC, OC, DC, QB, RB, LT, NT, ER1, DT, ER2, FS, CB1. I believe in Neal as well so many vital pieces are here.

This is the position you want to be in, building a team with all these pieces in place.

Plus:

I am confident that the decision to keep and pay Jones was made based on the Giants' evaluation of his talent, his demonstrated physical skills, his personality, his leadership qualities, and in my opinion most importantly, his ability to perform under pressure.

IMO the only stats the Giants were looking at was the won-lost record with DJ at QB.

that if he gets the full $35m in additional incentives the Giants and their fans will be very happy to pay him

In comment 16056711 Everyone Relax said:

Quote:

that if he gets the full $35m in additional incentives the Giants and their fans will be very happy to pay him

This^

Dan checked every box you look for

Start with
Fearless
Leader
Tough
Gritty
Likeable
Athletic
Smart
Can handle NY

Football wise
Can make every throw plus
Fast learner. 3rd offense in 5 yrs 4th coordinator 3rd coach
Big and Strong -can navigate pocket plus
Ability to run plus plus
Can lead, bring team back
Can handle big situations
4th Qtr comebacks unafraid
Can win season
Can get to playoffs
Can win in playoffs with undermanned squad
Coach believes in him
Team believes in him
Can win Super Bowl Championship with evenly matched team? IMO Yes

last guy out.

Janitor tells him to lock up.