The Daniel Jones era has effectively ended for the New York Giants.
Jones was benched by head coach Brian Daboll and the Giants on Monday, with New York turning the offense over to Tommy DeVito for the rest of the season.
It is difficult to imagine that the fact that Jones had a $23.5 million injury guarantee that would trigger for the 2025 season if he couldn’t pass a physical this upcoming offseason didn’t at least factor somewhat into the Giants’ decision to bench him.
Likewise, Jones’ poor play gave Daboll, Schoen, and the Giants little choice, given that the six-year veteran had completed 63.3 percent of his passes for 2,070 yards with eight touchdowns to seven interceptions through New York’s first 10 games.
Salary Cap Implications of The New York Giants Benching Daniel Jones
While Benching Jones ensures the Giants won’t be locked into playing him next season, and can begin the search for his eventual successor, it is still going to have cap ramifications.
Should the Giants trade Jones or cut him without a post-June 1 designation next spring, they’d be charged $22.21 million in dead money in 2025 while freeing up $19.39 million in cap space.
But, if the Giants release him post-June 1, the dead cap charge drops to $11.10 million in 2025 and 2026, while saving $30.5 million against the cap in 2025.
There is no question that the Giants will look to select a quarterback at the top of next spring’s NFL Draft, where they are currently projected to be selecting No. 5 overall, and in all likelihood, will be releasing Jones as a June 1 designation to maximize the financial gain from moving on from the player they chose No. 6 overall in the 2019 NFL Draft.
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