Saturday, July 25, 2026

Giants Cut Daniel Jones Days After $23 Million Benching 

The Giants released the QB on Friday morning after he met with owner John Mara, days after the team benched him.

Despondent Giants quarterback Daniel Jones.
Brad Penner-Imagn Images

Daniel Jones’s time with the Giants has come to an end. 

The organization released him Friday days after announcing he was being benched in favor of third-string Tommy DeVito. Jones met with the media Thursday and gave a 90-second statement that read like a farewell message as he thanked the organization and expressed optimism about his next opportunity. 

“The opportunity to play for the New York Giants was truly a dream come true,” Jones said to begin his statement. “I’ve met so many special people and created relationships that will truly last a lifetime.”

The comments proved prophetic. On Friday, team owner John Mara put out a statement: Jones asked for and was granted his release.

Jones has until 4 p.m. ET Monday to clear waivers, which he will likely do because of his contract. Any team that picks up Jones off waivers would be responsible for the $13.8 million he’s guaranteed for the rest of the season. After he clears waivers, Jones is free to sign with any team, and the Giants would pay the rest of his guaranteed salary.

Jones signed a four-year, $160 million extension in March despite coming off an ACL injury and an uneven track record. That contract was fully guaranteed for 2024, but had an injury guarantee only for 2025. Had he failed a physical in March, $23 million of his 2025 salary would have been guaranteed. Jones was willing to waive his injury guarantee if it meant he could keep playing, according to ESPN’s Jordan Raanan, who said the Giants wouldn’t agree to Jones’s conditions given how he was performing. The team will still face a dead cap charge of $22 million in 2025.

Though Jones is no longer a Giant, the team was invested in defending him to the very end.

A day before the former first-round pick was cut, ESPN’s Elle Duncan roasted Jones in a short SportsCenter segment.

“You guys think he had this saved in his notes since like 2020?” Duncan said of Jones’s emotional farewell. “In all seriousness, DJ, I could have saved you like 90 seconds. A rewrite: I’m sorry you paid me $108 million for one playoff win. And I look forward to reviving my career as Brock Purdy’s backup. The end.”

Hours later, veteran Giants communications executive Pat Hanlon ripped the segment. “That an ESPN personality would mock Daniel Jones’ statement today is mind boggling,” Hanlon wrote. “Given what has happened at that company over past few years, tone deaf.”

On Friday morning, Stephen A. Smith strongly implied that the Giants called ESPN executives to complain about Duncan, whom the camera panned to during Smith’s rant.

“You got the nerve to call the offices and complain about somebody who went on national television to do their job,” Smith said. “Why don’t you do your damn job?!” 

Both the Giants and ESPN declined to comment. 

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Packers Made Whopping $753 Million in Revenue Last Season

The Packers, and the NFL overall, remain a financial behemoth.

6 Takeaways From 9 World Cup Stadiums

From parking to climate, what we learned in 39 days of soccer.
CBS sportscaster and former NFL quarterback Tony Romo chats with the media Tuesday, June 27, 2023 during the OSF Children's Hospital of Illinois Championship & Pro-Am at Metamora Fields Golf Club.

Tony Romo Arrested for OWI in Milwaukee

The CBS NFL analyst is due in court on Sept. 21.

18-Game NFL Season On Hold After Super Bowl LXII Date Set

Nearly two years after awarding the game, the NFL sets a date.
podcast thumbnail mobile
Front Office Sports Today

7/24/26 – Mark Cuban Buys Into A’s, Raiders Sign Mendoza, Sophie Cunningham’s Meteoric Rise

0:00

Featured Today

Tom's Watch Bar

Sports Bars Are Cashing In From Summer of Soccer

The World Cup has brought a windfall to America’s biggest sports bars.
Jun 16, 2026; East Rutherford, New Jersey, USA; France forward Michael Olise (11) controls the ball against Senegal during a Group I match of the 2026 FIFA World Cup at New York New Jersey Stadium
July 16, 2026

Where World Cup Stars Go to Customize Their Cleats

The world’s best players turn to a Scottish craftsman for perfect cleats.
July 10, 2026

What the World Cup Means to Erling Haaland’s Tiny Hometown

The tournament’s breakout star is from a rural Norwegian town.
July 10, 2026

Why So Many Media Outlets Are Rushing Into Sports

Sports coverage has ballooned in every corner of media.
Pillow Fight Championship
July 8, 2026

How Obscure Sports Get Mainstream TV Deals

For niche sports, getting on TV often matters more than getting paid.

WNBA Union Leaders Sidestep Cathy Engelbert Questions 

Engelbert will speak at a press conference Saturday.
July 22, 2026

Jonathan Vaughters Defends Late-Night Tour de France Drug Tests 

“Do you want the appearance of clean, or do you want clean and fair?”
May 2, 2026; Henderson, NV, USA; Las Vegas Raiders quarterback Fernando Mendoza (15) speaks during a news conference at the team’s Rookie Minicamp at Intermountain Health Performance Center.
July 24, 2026

Mendoza Signs $57M Contract While Pavia’s Path Uncertain

The No. 1 pick in the NFL Draft finally signed his rookie contract.
Sponsored

Inside the EY 2026 Sports Engagement Index: The Real Map of American Sports Participation

EY’s latest index explores how shifting U.S. fan behaviors are expanding the definition of sports engagement.
July 22, 2026

Jake Paul Responds to Critics: ‘I Brought Boxing to Netflix’

Paul believes the Tyson fight’s Netflix audience will never be matched.
kyle rudolph
July 22, 2026

Former Viking Kyle Rudolph: Private Equity ‘Great’ for the NFL

Private equity makes “these assets a little more liquid.”
July 21, 2026

Caitlin Clark, Sabrina Ionescu Skipping WNBA 3-Point Contest

Only two 2026 WNBA All-Stars are participating.
July 21, 2026

Late-Night Drug Tests Spark Backlash, Intrigue at Tour de France

Riders are pushing back on rare overnight anti-doping tests.