- The New York Giants struck a deal to keep QB Daniel Jones for an extra four years’ worth $160 million.
- New York’s Super Bowl odds did not move after the deal but their NFC conference odds and division odds slightly improved.
- Jones is coming off his best season in the NFL but many are criticizing the Giants for overpaying a QB whose stats were mediocre at best.
The New York Giants futures odds hardly moved after striking a massive deal to keep quarterback Daniel Jones in the Big Apple on Tuesday.
According to a report from ESPN, the Giants, and Jones have agreed to a four-year deal worth $160 million. Jones’ deal has a guarantee of $82 million upon signing and includes up to $35 million in bonuses.
The Giants made the move before Tuesday’s 4 p.m. league deadline for NFL teams to use their franchise and transition tags. Related to the deadline, the team also placed the non-exclusive franchise tag on superstar RB Saquon Barkley.
New York’s Super Bowl odds remained the same while their Conference and Division odds showed a little improvement after the big news broke out.
BREAKING: Giants signing QB Daniel Jones to a four-year extension worth $160M. (via @MikeGarafolo, @RapSheet) pic.twitter.com/Zct3ssIkj5
— NFL (@NFL) March 7, 2023
Giants’ Super Bowl Odds are Unchanged
Unlike Derek Carr, who’s recent $150 million deal shifted the New Orleans Saints’ Super Bowl 58 odds from +4000 to +2500 odds, Jones’ $160 million contract did not move the New York Giants’ odds to win the next Super Bowl.
The Big Blue still has the sixth-longest odds to win it all next season and are in the bottom 13 of the latest BetOnline Super Bowl 58 board.
But while the Giants’ Super Bowl odds remained at +4000 on Tuesday night, New York’s NFC Conference odds improved slightly from +1800 to +1600 at online sportsbook BetOnline.
Although the Giants now have the 6th best odds to win their conference, there are still 8 teams with shorter odds than New York, and only seven below them.
As far as the NFC East Division Odds are concerned, the Giants remained third among four teams with the Washington Commanders at the bottom.
At +650 odds, via Bet365 US, the Giants are far from being the divisional favorites with the Eagles listed at even money odds and the Cowboys at +180 odds.
At BetUS, the Giants have slightly better value as they are listed at +500, with the Eagles at +110, Cowboys at +175, and Commanders at +950.
Danny Dimes Coming Off Best Season Ever
The 25-year-old Jones is coming off his best season. Jones played three seasons at Duke and was the 2018 Independence Bowl MVP and 2019 Senior Bowl MVP. He was the second quarterback taken in the 2019 NFL Draft, after top pick Kyler Murray, when the Giants picked him 6th overall.
Jones won the Giants’ starting job from Eli Manning during Week 3 of the 2019 NFL season. He became the first Giants rookie QB to win his first NFL start since Scott Brunner in 1980 and the 7th rookie QB since 2010 to have a game-winning drive during his first career start.
But the Giants finished that season with a 4-12 SU record and won only a combined 10 games the following two campaigns.
However, 2022 was a different year for the entire franchise as Brian Daboll became the new head coach. He turned this team around and even revitalized Jones’ young career.
Danny Dimes passed for 3,206 yards with 15 TDs and five interceptions while also rushing for another 708 yards while scoring 7 rushing TDs.
But despite putting up career-best numbers, Jones ranked only 15th in passing yards and 21st in passing touchdowns but was tied for 32nd in interceptions. The Giants ranked only 19th in passing offense with an average of 214.0 per game and 15th overall with 3,638 total passing yards last year.
WILD 🤯 pic.twitter.com/AcUUWCkDuM
— Bleacher Report (@BleacherReport) March 7, 2023
Putting Jones’ Contract Into Perspective
There is no question that Danny Dimes secured the bag here. But after the deal was announced, the internet was quick to mock the Giants after seemingly overpaying a young quarterback whose numbers are mediocre at best.
As stated earlier, Danny Dimes’ contract total is bigger than the one signed by Derek Carr in New Orleans, which moved the Saints up in the Super Bowl odds boards.
Looking at the figures, the potential salary of Jones could be $48.75 million per annum. In comparison, the 2022 salary earned by 2022 NFL MVP and Super Bowl 57 MVP Patrick Mahomes was $31.95 million.
In terms of annual average salary, Daniel Jones is the 7th highest-paid player in the NFL. His four-year $160 million extension pays him as much per season NFC counterparts Matthew Stafford of the Los Angeles Rams and Dak Prescott of the Dallas Cowboys.
Jones’ $82 million guarantee at signing, ranks 8th in the league and earns him $10 million more than what two franchise tags would have given him.
Meanwhile, Lamar Jackson, who is a former MVP, didn’t get a contract extension and was given the non-exclusive franchise tag before the deadline. That tag comes with a 2023 salary of $32.5 million which is about $13 million lower than an exclusive tag would have cost.
