The New York Giants made one of the biggest signings of the 2021 offseason when they inked star wide receiver Kenny Golladay to a four-year deal worth $72 million.
It's a great signing, but that $72 million price-tag (including $40 million guaranteed) may have given some Giants fans pause. A promising wideout struggling with injuries is all too common a sight in New York.
But more details about the contract have emerged, and it's hard not to love this deal for the team.
Kenny Golladay Contract Details
Creative structuring of Golladay's contract means he carries a tiny $5 million cap hit in 2021. Considering the salary cap dropped 8% this year and is expected to climb again in 2022, that's the perfect way to structure the deal.
On the off chance that things don't work out, the Giants can eventually get out of the deal without too much of a penalty as well. Following the 2023 season, the Giants will have the option to release him and incur just $6.8 million in dead money to avoid paying his $21.4 million cap hit — savings of $14.6 million.
Obviously the hope is that whether to do that or not won't be a conversation that needs to be had, but it's a very favorable detail for the team to have at its disposal.
This deal is structured in a team-friendly way, and Giants fans have to be incredibly excited to see how this offense looks now that Daniel Jones has a legitimate WR1 to throw to.
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Jason Schandl is not a FanDuel employee. In addition to providing DFS gameplay advice, Jason Schandl also participates in DFS contests on FanDuel using his personal account, username Jaymun. While the strategies and player selections recommended in his articles are his personal views, he may deploy different strategies and player selections when entering contests with his personal account. The views expressed in his articles are the author's alone and do not necessarily reflect the views of FanDuel.