Daniel Jones’ contract factored into Giants’ Saquon Barkley strategy

The Giants’ fork-in-the-road moment involving Saquon Barkley came nearly 18 months ago, when they re-signed Daniel Jones and slapped the franchise tag on their Pro Bowl running back minutes before the tag deadline. Another round of negotiations did not produce a deal, eventually leading the former Offensive Rookie of the Year to Philadelphia.

Jones’ four-year, $160M deal — one that includes a fully guaranteed 2024 salary — changed the Giants’ path with Barkley. Details on the situation during the debut episode of HBO’s offseason Hard Knocks. As Giants front office staffers met with the third-year GM about Barkley’s status before free agency, Jones’ deal came up with regards to the team’s interest in paying Barkley.

“We have to upgrade the offensive line and you’re paying [Jones] $40M, and it’s not to hand the ball off to a $12M back,” Schoen said, via Ryan Dunleavy of the New York Post. “My plan is to address the offensive line at some point here in free agency. We’re sitting at 6, there’s a chance there’s an offensive weapon there. This is the year for Daniel.”

After skimping on guard investments last year, the Giants did beef up their O-line by signing Jon Runyan Jr. to a three-year, $30M deal and adding Jermaine Eluemunor at two years and $14M. Both are expected to start at guard, provided Evan Neal‘s rehab process concludes on time and his comeback bid at right tackle commences. They will be blocking for Jones and Devin Singletary, the Giants’ post-Barkley plan who had pre-Giants ties to Schoen and Brian Daboll from the parties’ Buffalo years.

Barkley said in the spring the Giants were not among the four teams who submitted an offer. In a meeting with John Mara earlier this year, Schoen said an offer in the Giants’ ballpark would run the risk of disrespecting the player who had operated as the team’s offensive centerpiece.

“We’re not gonna franchise him. It doesn’t make any sense to franchise him,” Schoen told Mara. “What are we really gonna get unless it got down to $7M? I don’t want to offer that because I don’t want to be like we ‘disrespected him.’ There’s 31 teams and it only takes one to maybe be open to doing something. If it doesn’t get to that then, hey, we’re going to let you hit free agency. Find out your market, come back and let us know if we can match it. If we can, we’ll have those discussions.

“Daniel’s making a lot of money and it’s the fork. We have to figure out, is he the guy, so we have to protect him. We need to put resources there. We’ll have to find a running back, but upgrade the offensive line and give him a chance.”

Mara still acknowledged that “in a perfect world” he would like to re-sign Barkley, whom the Giants began negotiations with during their 2022 bye week. The partnership, however, ended with the Penn State alum’s three-year, $37.75M Eagles deal. After the Giants offered a guarantee in the $22M neighborhood in July 2023, Barkley will end up pocketing $36.1M guaranteed between his New York franchise tag and Philly guarantee at signing.

Schoen and his staff pondered the merits of a tag-and-trade move, with Schoen and assistant GM Brandon Brown coming out against due to the $12M cap hold and trade compensation expected to be low. Giants staffers wondered how big of a gap existed between teams’ RB valuations of a crowded market.

After Barkley’s $26M full guarantee, no other back received more than $14M locked in at signing (D’Andre Swift). At the combine, Schoen called the franchise tag a tool the Giants could use. It does not appear they seriously considered it.

During his conversation with Mara, Schoen did seem to underestimate teams’ interest in adding veteran RBs by indicating the second week of free agency should still feature some quality backs. Day 1 of the tampering period produced a wave of RB deals — for the likes of Barkley, Singletary, Swift, Josh Jacobs, Tony Pollard and Austin Ekeler — as the bulk of the starter-level players committing to teams within hours of the market’s unofficial opening. The Giants did not end up waiting, locking down Singletary on a three-year, $16.5M deal ($9.5M fully guaranteed) less than an hour after the Barkley-to-Philly news broke.

Barkley’s age (27) factored into the Giants’ interest in another deal as well. Although Singletary is only seven months younger, he has logged 1,063 career touches to Barkley’s 1,489. Barkley reached that total despite missing 24 games due to injury from 2019-23.

Committed to Jones for 2024 (but not any longer, per the QB’s guarantee structure), the Giants are stuck with the 2019 first-round pick. Nearly a year and a half after the team’s Jones-or-Barkley decision, the team’s big-picture choice will play out in the NFC East this season.