New York Giants Release Quarterback Daniel Jones Amidst Benchings and Contract Issues

The New York Giants have officially parted ways with quarterback Daniel Jones, a move that was finalized on Friday after Jones requested his release. This decision comes on the heels of Jones being benched earlier in the week, a move that was largely driven by financial considerations and performance issues.

Giants president John Mara stated that Jones had asked for his release, and the team agreed it was the best decision for both parties. Mara praised Jones, saying, “Daniel has been a great representative of our organization, first class in every way. His handling of this situation yesterday exemplifies just that. We are all disappointed in how things have worked out. We hold Daniel in high regard and have a great appreciation for him. We wish him nothing but the best in the future.”.

Jones, who was the No. 6 overall pick in the 2019 NFL Draft, had a tumultuous tenure with the Giants. This season, he went 2-8 as the starter, completing 63.3% of his passes for 2,070 yards, eight touchdowns, and seven interceptions. His benching was also influenced by the $23 million injury guarantee in his contract, which the Giants sought to avoid triggering.

The financial implications of releasing Jones now are significant, with the Giants facing dead cap hits of $47.1 million in 2024 and $22.1 million in 2025. However, the team will free up $19.4 million in cap space for next year. Despite the immediate financial burden, the decision allows Jones to move on and potentially join a playoff-contending team.

Jones is expected to clear waivers on Monday and is likely to sign with a new team shortly thereafter. Teams such as the Baltimore Ravens, Minnesota Vikings, and possibly the San Francisco 49ers are considered favorites to sign him. Jones’s preference is to join a playoff contender where he can contribute meaningfully.

The move benefits both Jones and his new team, as he will be signed to a more cap-friendly contract, likely a one-year deal, and the team will avoid the significant financial commitments tied to his current contract. This scenario also opens the possibility for Jones’s new team to receive a compensatory pick in 2026 if he is not re-signed.