Adam Schefter Drops Massive Update on Saquon Barkley Franchise Tag

All signs continue to point to Saquon Barkley not being in New York this upcoming season.
New York Giants running back Saquon Barkley (26) heads to the goal line in the second quarter
New York Giants running back Saquon Barkley (26) heads to the goal line in the second quarter / Kevin R. Wexler / USA TODAY NETWORK

New York Giants star running back Saquon Barkley will be one of the most coveted free agents next month, as all signs point to him playing elsewhere in 2024. 

Last year, the Giants placed the franchise tag on the star running back for one year worth $10 million. New York could decide to tag Barkley again, leaving room for the two sides to reach a long-term agreement. However, it doesn’t appear that will be the case in the Big Apple. 

Giants Rumors: New York Unlikely to Tag Barkley This Offseason

On Monday, ESPN’s Adam Schefter reported that the Giants will speak with Barkley and explore a deal with him. But Schefter adds that New York is unlikely to tag the versatile running back for $12M.

With the Giants not re-signing Barkley to a long-term extension last season, it became clear that the organization was planning to go in another direction. 

The 27-year-old running back took a small step back this season on the ground as he recorded 962 rushing yards and six touchdowns on 247 carries. However, Barkley made plays in New York’s passing game, with 41 receptions for 280 yards and four touchdowns. 

When healthy, Barkley is one of the best running backs in the league, which he showcased in 2022 as the Giants won nine games and made the NFL playoffs. 

Spotrac projects Barkley’s calculated market value as a three-year, $29 million deal with an average annual salary of $9.9 million. That might be too rich for the Giants’ wallet as they only have a projected $30.6 million in cap space to work with.

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