Monday marks the deadline for franchise tag recipients to sign multi-year deals and avoid playing on the one-year tag for the 2023 season. That leaves only a few hours for the Giants and running back Saquon Barkley to come to an agreement.
Ryan Dunleavy of the New York Post expects the sides to conduct further negotiations ahead of the 4 p.m. Eastern deadline. He adds that periods of contract talks have been few and far between in recent weeks, as New York has remained firm at its price point while the 26-year-old has attempted to use his limited leverage to achieve a larger guarantee than the $22M he would earn on consecutive franchise tags.
With plenty of ground left to cover in a matter of hours, ESPN’s Jordan Raanan tweets that neither party is optimistic a deal will be reached. That sentiment is echoed by Jonathan Jones of CBS Sports, who adds that a contract for Barkley, Josh Jacobs of the Raiders or Cowboys‘ back Tony Pollard would come as a surprise at this point. Only Pollard has signed his $10.1M franchise tag as of now.
Both Barkley and Jacobs would not be obligated to attend training camp if they fail to agree to a deal before Monday's deadline. Both backs have been named as a candidate to sit out during Week 1, though the prospect of missing out on game checks would make such a scenario an unlikely one. Playing on the tag in 2023 would be an unwanted consolation for both players looking to reverse a downward trend in the running back market, something highlighted this offseason in particular.
To date, the highest guarantee figure Giants have been willing to offer is $19.5M, but general manager Joe Schoen has shown a willingness to change the team’s position as circumstances shift. After their last-minute deal was worked out with quarterback Daniel Jones in March, the Giants withdrew the offer which was in place for Barkley, allowing them to apply the franchise tag. How far the team decides to go in terms of length, AAV and guarantees will be worth watching closely, especially as it relates to negotiations between Jacobs and the Raiders.
Barkley enjoyed a career year on the ground in 2022 (1,312 rushing yards), serving as the focal point of New York’s offense. The past campaign was only his second one spent at full health, however, and the team has Jones on the books through 2026 and a modified pass-catching corps led by tight end Darren Waller in place to help him take what they hope will be a notable step forward this season. The degree to which Barkley fits into the Giants’ intermediate- and long-term plans will be determined soon.
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