Giants to sign Kenny Golladay: Contract details
After a meeting that lasted nearly three days — a true rarity in today’s NFL — the New York Giants and wide receiver Kenny Golladay finally agreed on a contract.
Golladay was reportedly given the opportunity to choose between a one-year deal and a multi-year deal and chose the latter. He and the Giants settled on a four-year contract worth a max value of $72 million including $40 million guaranteed.
The $40 million guaranteed was the second substantial sum the Giants handed out this week, previously giving defensive lineman Leonard Williams $45 million guaranteed.
The #Giants and Kenny Golladay have a 4 year, $72M deal with a max of $76M with $40m guaranteed
— Ian Rapoport (@RapSheet) March 20, 2021
New Giants WR Kenny Golladay had to win over the staff during a 24-hour visit, with a TON of questions to answer. He did that, stayed in Hoboken last night, went to dinner with Jabrill Peppers, negotiations heated up this AM.
NYG gave him option of a 1-year or multi-year deal.
— Albert Breer (@AlbertBreer) March 20, 2021
Golladay’s deal is eerily similar to the one New York gave Odell Beckham Jr. prior to trading him to the Cleveland Browns. They are now tied for sixth in the NFL in AAV at the wide receiver position.
Golladay lands a monster four-year, $72 million deal with $40 million guaranteed that gets him to $18 million a year, per source. That AAV ties him at 6th among NFL wide receivers with …. that's right … Odell Beckham Jr. and Tyreek Hill. #Giants https://t.co/XwcSB8HatX
— Pat Leonard (@PLeonardNYDN) March 20, 2021
Also of note, with the four-year deal Goallday becomes the longest-contracted Giant. He is the only current player scheduled to still be under contract through the 2024 season.
As it relates specifically to Golladay’s contract, Art Stapleton of USA TODAY reports that the deal has a max value of $76 million with $28 million guaranteed now and another $12 million guaranteed on the third day of the 2022 league year. There are also $250,000 per-game bonuses in 2021 and a $250,000 workout bonus in each 2022-2024.
Golladay will also be due a $4.5 million roster bonus in March of 2022 through 2024.
Exact cap hits by year have not yet been revealed.
