Tyrod Taylor’s Contract: Salary, Cap Hit, Potential Extension

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New York Giants quarterback Tyrod Taylor in action during an NFL divisional round playoff football game, Saturday, Jan. 21, 2023, in Philadelphia.
(AP Photo/Matt Rourke)
BetMGM Staff @BETMGM Apr 02, 2023, 5:57 PM

Drafted in the sixth round of the 2011 NFL Draft by the Baltimore Ravens, New York Giants quarterback Tyrod Taylor is entering the final year of a two-year contract.

Tyrod Taylor Salary

Taylor signed a two-year $11 million contract in March 2022. Taylor is set to make a base salary of $5,450,000 in 2023 with a $1.4 million signing bonus and a $50,000 workout bonus.

Tyrod Taylor Cap Hit

Taylor carries a $6,900,000 cap hit unless the Giants restructure his contract or cut him before the 2023 season. Should the Giants release Taylor, the dead money on the contract is $5,525,000.

Tyrod Taylor Potential Extension

Taylor is with his sixth NFL team since 2011 and went from starting six games in 2021 with the Houston Texans to taking just 32 snaps with the New York Giants over three games in 2022.

In his one season with the Giants, Taylor played in three games in a backup role. He completed six of his eight passes for 58 yards and a touchdown. He also added five rushes for 70 yards. However, Taylor accounted for two fumbles and an interception. For his career, Taylor has thrown for over 10,000 yards, 60 touchdowns, and 26 interceptions.

Taylor could be a candidate for a trade over the summer as his salary cap savings would be $5,500,000 if he is traded after June 1. If he is released after that, the Giants would only save $2,775,000 in cap space.

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Our BetMGM authors are sports experts, with a wealth of knowledge of the sports betting industry at all levels. Their coverage includes sports news across players, teams and coaches, providing betting previews and predictions, fun facts and more.

Our BetMGM authors are sports experts, with a wealth of knowledge of the sports betting industry at all levels. Their coverage includes sports news across players, teams and coaches, providing betting previews and predictions, fun facts and more.