Daniel Jones’ contract situation is intriguing after the New York Giants turned down his fifth-year option last offseason. Let’s take a look at Jones’ rookie contract, his salary cap impact on the Giants, what his next contract may look like, and his current net worth.
Daniel Jones’ Contract Details
After being selected sixth overall, Jones’ rookie contract was a four-year deal worth $25.664 million. The contract was fully guaranteed at signing, although there were some reports that $200,000 of his salary in 2022 was not guaranteed. But with an $8.366 million salary cap number for the 2022 season, it never seemed likely the Giants would release him to save just $200,000.
MORE: 2023 Salary Cap Space by Team
The Giants had the chance to commit to a fifth-year option for Jones after selecting him in the first round. That would have seen the Giants set to have Jones under contract in 2023 for $22.384 million. However, they didn’t exercise the option, meaning Jones is due to be a free agent in 2023.
Does Jones Have any Bonuses in His Contract?
As part of the $25.664 million total contract value, there was a signing bonus of $16.685 million, which was prorated across the four years of the deal at $4.171 million per year. There were also roster bonuses in Years 2, 3, and 4. Those bonuses increased year over year from $1.077 million in Year 2 to $2.153 million in Year 3 and up to $3.230 million in Year 4.
There were no performance-related bonuses as part of Jones’ contract. The only bonuses were the original signing bonus and the yearly roster bonuses.
What Could Jones’ Next Contract Look Like?
Jones’ next contract situation creates a fascinating dilemma looking ahead to the upcoming offseason. After struggling through the first three years of his career, his performance improved under Brian Daboll’s coaching in 2022. However, while this was Jones’ best year, he was still just a league-average quarterback.
Initial reports are that the Giants are looking to bring Jones back for next season. Spotrac estimates Jones’ market value at $25.5 million per year across a three-year deal.
The sports contract website compared Jones to Mitch Trubisky, Ryan Tannehill, Jimmy Garoppolo, and Jameis Winston based on projected contract value. On average, Jones has outperformed that group, so his projected contract is estimated to be around 33% above the average of those four players.
If the Giants are not able to come to a deal on a contract extension with Jones, they could look to place the franchise tag on him. The current projections for a non-exclusive franchise tag at the QB position are around $32.5 million based on an expected salary cap of $225 million.
If the Giants choose to go for the exclusive franchise tag, Jones’ contract could be worth around $45-47 million. However, if some big QB contracts are signed this offseason, that number could rise further.
Jones’ Net Worth
There are varying estimates of Jones’ net worth. Net worth is tricky to estimate because a lot can depend on his endorsements, expenditures, and commitments. What we know is that to this point in his career, Jones has earned a total of $25.664 million. However, he could be set to earn at least that and potentially more in just the 2023 season alone.