A number of teams released veteran safeties in recent days, creating a sense the position was in for a value dip. Xavier McKinney‘s market would run counter to that notion, as it took a top-five safety contract to win this sweepstakes.
The Packers will come through with the victory here, with ESPN.com’s Adam Schefter reporting the team is signing McKinney to a four-year, $68MM contract. This surpasses what the Falcons gave Jessie Bates last year and checks in behind only Derwin James and Minkah Fitzpatrick at the position in terms of AAV.
Helping to bring the former second-round pick to Wisconsin: McKinney will receive $25M in the first year of this deal, NFL.com’s Ian Rapoport tweets. The Giants were not prepared to go higher than the transition tag value, NFL.com’s Mike Garafolo adds. The Packers, conversely, reached the AAV level near the franchise tag number for safeties.
The Giants considered transition-tagging McKinney; that would have cost the team $13.8M. The Patriots went there to keep Kyle Dugger off the market, but the Giants were leery of losing McKinney in a scenario in which they did not receive a compensatory pick back. Instead, the Giants are saying goodbye to both McKinney and Saquon Barkley, who has committed to the Eagles.
While McKinney does not have a Pro Bowl on his resume, he is going into his age-25 season. That separated the Alabama alum from the lot of recently released safeties. Ranking 14th on PFR’s free agents list, McKinney played every snap for the Giants last season. McKinney intercepted three passes, forced a fumble and recorded a career-high 116 tackles in his contract year. He has run into some injury trouble, suffering a foot injury that delayed the start of his career in 2020 and then sustaining injuries in an ATV accident in 2022. These chunks of missed games did not deter the Packers, who are making one of the biggest free agency commitments in team history.
Green Bay let Darnell Savage walk in free agency; the ex-first-rounder joined the Jaguars. This left safety as the only place on the Packers’ defense without a former first-round pick in place. McKinney is close, being drafted 36th overall in 2020. The Giants will have some work to do here, having lost McKinney and Julian Love in consecutive offseasons. The Packers will add a potential impact player on their defensive back line.
More must-reads: