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    Daniel Jones’ Contract and Salary: How Much Does the Giants QB Make in 2024?

    Discover Daniel Jones' contract and learn how much money the New York Giants QB is currently making.

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    Published on June 29, 2024 | 2:18 PM EDT

    The ebbs and flows of Daniel Jones’ time in New York have been well-documented. Jones was once viewed as a young quarterback who was set to be the face of the New York Giants franchise and was paid as such.

    However, fast-forward to the present day, and following a significant knee injury and struggles on the field, Jones’ future in New York is now uncertain. Despite that, he’s still under contract with a sizeable deal. We examine the extension and discuss what Jones is on the books for in 2024 and beyond.

    Daniel Jones’ Massive Contract Extension

    In March 2023, leading up to the franchise tag deadline, Jones and the Giants locked in a new deal that tied him to New York for years to come.

    The G-Men and Jones agreed to terms on a four-year deal worth $160 million, which included $35 million in additional incentives, $82 million over the first two years, and a first-year cap number of $19 million.

    Jones was a first-round selection of the Giants who hadn’t quite lived up to the draft slot he was taken with leading up to the new deal. That fact led to New York deciding not to pick up Jones’ fifth-year option in 2022, opting instead to let him play on a prove-it year.

    Jones and the Giants responded well to that challenge and fought their way to a playoff win and a spot in the NFC Divisional Round, setting the stage for the new deal that he ultimately inked that next offseason.

    At the time, getting the deal done ahead of the franchise tag window closing allowed the Giants to place the tag on RB Saquon Barkley, keeping him in the fold and under contract for that season.

    Fast-forward to the present day, Barkley is now a member of the rival Philadelphia Eagles, and the Giants were not so quietly looking at quarterbacks leading up to the 2024 NFL Draft.

    What Is Jones’ 2024 Salary?

    As we head into the 2024 season, Jones’ current base salary, according to Spotrac, is just north of $35.5 million, with a $9 million signing bonus. His total cap hit is just under $48 million for the season and is commanding 18.74% of the Giants’ cap for the season.

    If the Giants are still looking to move on from Jones, the following season may give them the out they are looking for. If New York were to move on from Jones ahead of the 2024 season, it would accrue just north of $69 million in dead cap space to do so.

    However, in 2025, that drops significantly to just north of $22 million, followed by just $11 million in 2026, before he ultimately becomes an unrestricted free agent in 2027 when his contract expires.

    With Jones coming off of an ACL tear, there’s no telling how he will respond to that. And while he looks locked in to be a Giant for 2024, there are no real assurances beyond this season for the former Duke Blue Devil.

    Who Are the NFL’s Highest-Paid QBs?

    With Jones’ deal being only two years old, one may ask where he ranks among the NFL’s highest-paid passers.

    The ever-changing market reset once again this offseason, with Jacksonville Jaguars QB Trevor Lawrence becoming the latest to earn a blockbuster deal, signing for five years, $275 million. Lawrence’s contract matches Joe Burrow’s, as the Cincinnati Bengals franchise QB signed his big deal last September.

    Trailing Burrow and Lawrence is the Detroit Lions’ Jared Goff, who agreed to a $212 million contract earlier in June. Goff’s deal is for four years and gives him $170 million in guaranteed money.

    KEEP READING: Daniel Jones’ Net Worth and Career Earnings

    For Jones, he falls outside of the top 10 for highest-paid QBs. His $160 million once got him in the exclusive club, but with higher-paying contracts being given to Lawrence, Burrow, Justin Herbert, and Lamar Jackson, Jones has fallen further behind the wealthiest quarterbacks in the league list, now ranking 14th, per Over The Cap.

    If Jones’ play is able to pick up to the level he was at when he was given the deal, it could be viewed as a quality investment for the Giants in an ever-growing QB landscape. However, coming off of injury and with a roster that struggled last season, those around New York may want to see it before they share that mindset.

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