Saquon Barkley Contract: Salary on Franchise Tag

min read
New York Giants running back Saquon Barkley (26) after defeating the Philadelphia Eagles in an NFL football game Sunday, Jan. 7, 2024, in East Rutherford, N.J.
(AP Photo/Adam Hunger)
Chase Kiddy @chaseakiddy Jan 22, 2024, 12:49 PM

Saquon Barkley has been one of the most talented running backs in the NFL since he signed his rookie deal with the New York Giants on July 22, 2018. That deal was worth just over $31 million.

Since then, Barkley and the Giants have had an increasingly strained relationship. Because Barkley was a first-round pick, the Giants were able to exercise a $7.2 million fifth-year team option for the 2022 season. 

For 2023, the Giants prevented Barkley from hitting the market as a free agent by using their franchise tag on him. Barkley is about to turn 27 and still hasn’t experienced the financial windfall that free agency often brings for a player of his talents.

Ahead of 2024, the Giants are allegedly considering another use of the franchise tag on Barkley. Understandably frustrated, Barkley told reporters at the end of the 2023 season that the Giants should “Just get it over with. If not, let me go.”

Saquon Barkley Contract

Saquon Barkley’s original rookie contract governed the 2018-21 seasons. The Giants have used original his fifth-year option and the franchise tag to control his rights since then. 

As an aging running back, Barkley is looking for the financial security that a veteran contract can afford.

Saquon Barkley Salary

In 2023 Saquon Barkley played on a one-year extension worth $10,091,000 generated by New York’s franchise tag. 

The extension included an extra $909,000 worth of performance incentives. However, none of the incentives were reached because each individual leg was also tied to a Giants playoff berth. 

Saquon Barkley Franchise Tag

If the Giants elect to use their franchise tag on Saquon Barkley for a second consecutive year, they’ll have to pay him 120% of what he made in 2023.

In that scenario, Barkley could play the 2024 season on a one-year deal worth about $12.1 million.

If the Giants decided to tag him a third straight time in 2025, Barkley’s salary would swell to 144% of his 2024 salary, or roughly $17.44 million. 

The Giants (and all other NFL teams) have a two-week window to use the franchise tag from Feb. 20 through March 5.

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About the Author

Chase Kiddy

Read More @chaseakiddy

Chase Kiddy is a writer for BetMGM and co-host of The Lion's Edge, an NFL and college football podcast available on Spotify, Apple Podcasts, and everywhere else. He has also written for a number of print and online outlets, including the Richmond Times-Dispatch, Washington Post, Daily News-Record, and HERO Sports. His first novel, Cave Paintings, is in development.

Chase Kiddy is a writer for BetMGM and co-host of The Lion's Edge, an NFL and college football podcast available on Spotify, Apple Podcasts, and everywhere else. He has also written for a number of print and online outlets, including the Richmond Times-Dispatch, Washington Post, Daily News-Record, and HERO Sports. His first novel, Cave Paintings, is in development.