Tuesday, May 12, 2026

Giants Hit Rock Bottom, Demote QB Daniel Jones With $23 Million Injury Guarantee

The team said Monday it will bench Daniel Jones in favor of Tommy DeVito, the third-string signal-caller, after a 2–8 start.

Nov 3, 2024; East Rutherford, New Jersey, USA; New York Giants quarterback Daniel Jones (8) is sacked during an extra point attempt by Washington Commanders defensive end Dorance Armstrong (92) during the second half at MetLife Stadium.
Vincent Carchietta-Imagn Images

Tommy DeVito and his local Italian gusto are back under center for the Giants—and not just because of performance. 

The team said Monday it will bench starting quarterback Daniel Jones in favor of DeVito, the third-string signal-caller, after a 2–8 start. DeVito is leap-frogging backup Drew Lock, who has played just a handful of snaps this season. DeVito’s first start this season will come Sunday against the Buccaneers at MetLife Stadium in New Jersey. 

By benching Jones, the team gets to see more of DeVito, who was 3–3 as a starter in 2023 after stepping in after Jones tore his ACL, but the team saves itself from Jones’s contract extension—at least partially—by pulling him now. Head coach Brian Daboll said Lock will back up DeVito instead of Jones. Daboll declined to say whether team owners John Mara or Steve Tisch had any say in the decision to bench Jones. 

“Being around Tommy last year where he created a bit of a spark with us, that’s the reason we’re going with Tommy,” Daboll told reporters Monday. The decision came after New York was on a bye this past week.

Jones signed a four-year, $160 million contract extension in March 2023 despite being an unproven quarterback. The contract came after he tore his ACL six games into the 2023 season with just a 1–5 start to show for it. 

But the contract helps the Giants to get out of it ahead of next season—if he doesn’t trigger the 2025 injury guarantee. Should Jones fail a physical in March, $23 million of his 2025 salary gets guaranteed. Injury guarantees have factored into teams’ decisions to bench their quarterbacks in recent years; both the Broncos and Raiders dealt with it with Russell Wilson and Jimmy Garoppolo, respectively. 

If the Giants wanted to waive Jones this season, it would’ve cost them $69.3 million in dead cap, which still isn’t as bad as the NFL-record $85 million that Denver ate to waive Wilson in March. Releasing Jones after this season won’t be cheap, either. New York will have to absorb $22.2 million in dead money if it does so, but that would still be a $19 million discount versus keeping him on the roster. 

By inserting DeVito under center, the Giants will fully tank a season that has been defined by poor quarterback play and seller’s remorse after the team let star running back Saquon Barkley leave in free agency to the rival Eagles. Barkley is having a career year in Philadelphia, which is 8–2 and leads the division. 

The Giants were prepared to move on from Jones ahead of this season as shown in HBO’s offseason Hard Knocks, which featured the team. In the show, GM Joe Schoen and Daboll discuss taking LSU quarterback Jayden Daniels if he fell to them in the draft, but wound up taking wideout Malik Nabers, Daniels’s college teammate, sixth overall after three quarterbacks went in the top three. Daniels is the runaway favorite for NFL Rookie of the Year and has the Commanders in the playoff hunt for the first time in years. 

The 2025 NFL quarterback draft class boasts Miami’s Cam Ward, Colorado’s Shedeur Sanders, Alabama’s Jalen Milroe, and Texas’s Quinn Ewers among the top prospects. 

By passing over Lock, the Giants avoided some performance-based incentives he had in his contract, though they would have been hard to reach and are too cheap to have been a factor. Under Lock’s contract, he’d get paid an additional $250,000 for playing 40%, 50%, 60%, and more than 70% of the total season snaps, according to Spotrac. New York is 10 games into a 17-game season that automatically took some of the higher-end incentives off the table for Lock, which also included $500,000 bonuses if he took the majority of the team’s snaps en route to a playoff berth. 

With a 2–8 record and a benched starter, a playoff berth isn’t likely to happen regardless of who the quarterback is. 

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

Buffalo Bills running back James Cook runs against Detroit Lions linebacker Jack Campbell (46), left, and safety Brian Branch (32) during the second half at Ford Field in Detroit on Sunday, Dec. 15, 2024.

Amazon to Open ‘TNF’ With Bills-Lions, Highmark Stadium Debut

‘TNF’ saw a 16% increase in viewership in 2025.
Nov 27, 2025; Arlington, Texas, USA; Dallas Cowboys quarterback Dak Prescott (4) and Dallas Cowboys guard Tyler Booker (52) celebrate with a turkey after the game against the Kansas City Chiefs at AT&T Stadium.

Fox Chases NFL Record With 2026 Thanksgiving Day Game

The broadcast will likely be the most-watched game of the 2026 NFL season.

NBC Lands Additional NFL Rights for Critical Late-Season Weekend

The Comcast-owned network expands its presence in the league’s Week 17.
Oct 5, 2025; Inglewood, California, USA; FOX sideline reporter Erin Andrews interviews Washington Commanders quarterback Jayden Daniels (5) after the game against the Los Angeles Chargers at SoFi Stadium. Mandatory Credit: Jayne Kamin-Oncea-Imagn Images

Fox Adds NFL Games Amid Streaming Scrutiny in Washington

The network will have an unprecedented tripleheader in Week 10.

Featured Today

Matt Palumb

Pro Lacrosse’s Top Ref Is As Famous As the Players

The last celebrity referee is in the Premier Lacrosse League.
May 2, 2026; Atlanta, Georgia, USA; Atlanta United midfielder Saba Lobjanidze (11) reacts to his goal against the CF Montréal in the first half at Mercedes-Benz Stadium. Mandatory Credit
May 7, 2026

How Atlanta Unexpectedly Became the Epicenter of U.S. Soccer

U.S. Soccer is opening a new national HQ in Georgia.
Tottenham Hotspur
May 6, 2026

Tottenham Hotspur Is Facing a Billion-Dollar Disaster

A seemingly improbable drop to England’s second tier is a tangible possibility.
Cricket - Indian Premier League - IPL - Final - Royal Challengers Bengaluru v Punjab Kings - Narendra Modi Stadium, Ahmedabad, India - June 4, 2025 Royal Challengers Bengaluru's Rajat Patidar lifts the trophy as he celebrates with teammates after winning the Indian Premier League
May 5, 2026

How Private Equity Fell in Love With Indian Cricket

India’s U.S.-style cricket league has become a private-equity playground.
Aug 2, 2024; Nanterre, France; Benjamin Proud (Great Britain), Cameron McEvoy (Australia) and Florent Manaudou (France) in the men’s 50-meter freestyle medal ceremony during the Paris 2024 Olympic Summer Games at Paris La Défense Arena.

The Enhanced Games Want to Be More Than a Steroid Olympics

“There’s a benefit for anyone to live enhanced.”
May 6, 2026

Napheesa Collier Admits Engelbert Rant Was For CBA Leverage

The WNBA and WNBPA agreed to a new labor deal in March.
Trick Williams Front Office Sports
May 9, 2026

WWE’s Next Big Star Could Be Ex-NFL Hopeful Trick Williams

The former South Carolina wideout is now WWE’s U.S. champion.
Sponsored

What Is It Like to Run the Knicks?

Dave Checketts on his time running the Knicks & Jazz, Jordan war stories, and his investment strategy across major sports leagues.
May 6, 2026

U.S. Open Falls Behind Masters in Prize Money: ‘It’s Not a Race’

The Masters increased its purse to $22.5 million this year.
Mar 28, 2026; Miami Gardens, FL, USA; Aryna Sabalenka of Belarus reacts during her match against Coco Gauff of the United States in the final of the women’s singles at the Hard Rock Stadium.
May 5, 2026

Sabalenka, Gauff Suggest Grand Slam Boycott Over Prize Money Share

“Without us there wouldn’t be a tournament,” Sabalenka said.
Apr 29, 2026; Atlanta, Georgia, USA; Detroit Tigers starting pitcher Tarik Skubal (29) throws against the Atlanta Braves in the first inning at Truist Park.
May 5, 2026

Skubal’s Elbow Surgery Puts Free-Agent Record in Doubt

The star pitcher will likely be out of action for at least two months.
Apr 30, 2026; Miami, Florida, USA; Justin Rose watches his tee shot on the first hole during the first round of the Cadillac Championship golf tournament.
May 1, 2026

McLaren Golf CEO: Price Point of $375 Irons ‘Justified’

The luxury car maker is now in the golf game.