According to Dianna Russini, negotiations between the Giants and RB Saquon Barkley have hit a “stalemate” with Monday, July 17 being the deadline for a long-term extension.
Russini adds Barkley’s Week 1 availability is in “serious question” without an extension.
The Giants placed the franchise tag on Barkley and have been working towards a long-term deal. If Barkley were to play out this season and next on the franchise tag, that would be $22.2 million in guarantees.
Once the Giants were able to use the franchise tag on Barkley following the long-term deal for QB Daniel Jones, they pulled their extension offer off the table. Displeased with the tag, Barkley has still not signed the tender and has been absent from voluntary offseason workouts.
The two parties have until July 17 to negotiate an extension or Barkley would play out the 2023 season under the tag, which will cost $10.09 million fully guaranteed.
Barkley, 26, was the second-overall pick in the 2018 NFL Draft. He was entering the fourth year of a four-year, $31.19 million rookie deal with the Giants that included a $20.767 million signing bonus when the Giants picked up his fifth-year option.
Barkley’s fifth-year option cost the Giants $7.22 million fully guaranteed for the 2022 season. He was set to be an unrestricted free agent in 2023 when he was franchised at a sum of $10.09 million fully guaranteed.
In 2022, Barkley appeared in 16 games for the Giants and rushed for 1,312 yards on 295 carries (4.4 YPC) and 10 touchdowns to go along with 57 receptions on 76 targets for 338 yards receiving.
We’ll have more on Barkley as the news is available.
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