Daniel Jones Restructures Contract, Creating Cap Room for Giants
Giants convert $8.42 million of salary into a signing bonus
Restructure provides $6.315 million in cap room
The New York Giants restructured Daniel Jones' contract on September 3, 2023, converting $8.42 million of salary into a signing bonus. This move created $6.315 million in cap room for the Giants.
Of the $16 million signing bonus, $8.2 million is fully guaranteed at signing, with $9.4 million in practical guarantees, according to Mike Florio of ProFootballTalk.
Jones' contract now contains $8.2 million in fully guaranteed money: his $3.6 million signing bonus, his 2023 and 2024 salaries, and his 2023 and 2024 roster bonuses.
His average annual value of $40 million ties him for 10th league-wide with Dak Prescott and Matthew Stafford.
Below is a look at the highest-paid quarterbacks in the NFL:
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