The Giants locked up their franchise quarterback on Tuesday and beat the franchise tag deadline by signing Daniel Jones to a four-year, $160 million contract with $82 million guaranteed, $94 million virtually guaranteed, an additional $35 million in incentives and a cap for 2023 of about $18.5 million, as The Post’s Paul Schwartz reported.
However, if the 25-year-old Jones doesn’t build on the huge step forward he took during the 2022 season and the Giants have doubts about him after two years, they could easily get out of the rest of the contract.
The fully guaranteed $82 million in Jones’ contract will be paid over the 2023 and 2024 NFL seasons.
If broken down by ProFootballTalkJones received a $36 million signing bonus with a $9.5 million guaranteed base salary for 2023 and a $500,000 guaranteed training bonus.
He has the same guaranteed training bonus for 2024, when he earns a guaranteed base salary of $35.5 million.
The additional $12 million in virtual guarantees comes from his 2025 base salary of $30 million; the $12 million will be fully guaranteed at the start of the 2024 league year in March, when Jones is confident he is still on the Giants.
Jones has an additional $500,000 training bonus for 2025 and 2026, when he would receive a $1 million roster bonus to begin the league year and base salary of $46 million, which is not guaranteed.
Since the Giants can cut Jones after the third year with nothing guaranteed for 2026 before the start of the league year, Jones essentially received a three-year, $112.5 million contract.
Sure, the Giants are hoping to have Jones for the term of the four-year contract after he led them to their first playoff berth in six years last season and their first playoff win since beating the Patriots in Super Bowl XLVI 11 years ago. .
Jones threw for 3,205 yards, 15 touchdowns and five interceptions as he completed 67.2 percent of his passes last season while rushing for 708 yards and seven scores.
