Sources tells Graziano that the Giants wanted to see what the asking price was for Chancellor, given their obvious need for safety help.
However, people around the league have told Graziano that the Seahawks are unlikely appease Chancellor’s demands, either by trading him or altering his contract.
Another factor working against a trade to the Giants is the issue of compensation. Graziano mentions that it would cost New York a lot to acquire Chancellor via trade, and possibly two decent draft picks with one of them being a first-round selection.
It’s worth mentioning that trading for a player who is looking for a new contract is increasingly difficult because all the leverage in contract talks shifts to the player after a team has parted with compensation for him. The Giants would likely need to sign him to an extension that could be as high as $10 million or so per year after parting with draft picks.
Graziano adds that the Giants appear to have came away from trade talks with the Seahawks with the belief that Seattle’s asking price is too high and that Chancellor would be too difficult to acquire.
Chancellor, 27, still has another three years remaining on his five-year, $29.323 million contract that included $17 million guaranteed. He stands to make base salaries of $4.55 million (2015), $5.1 million (2016), and $6.8 million (2017).
In 2014, Chancellor appeared in 14 games and recorded 78 tackles, one interceptions, a forced fumble and six pass defenses for the Seahawks. Pro Football Focus has him rated as the No. 20 safety out of 87 qualifying players.