Tuesday, November 3, 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

Want more from Front Office Sports
in your search results?

Add Front Office Sports on Google

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. 

Download the FOS App

The business of sports, in your pocket.

QR code to download the app

Scan the QR code to get the app now.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Vikings Loss Reinforces NFL’s Parity-Driven Business Model

The NFL hasn’t had an undefeated team since the 1972 Dolphins.

Tom Brady Curses on Air—Again

The FCC can issue fines or warnings for profanity on live television.

Florida State’s Norvell Fired With $50M Left on Contract

It’s the third-highest buyout in college football history.

Miami Tops Last AP Poll Before Initial CFP Rankings

The ACC, Big Ten, and Big 12 each have one undefeated team.
podcast thumbnail mobile
Front Office Sports Today

11/2/26 – Valkyries’ Billion-Dollar Title, FSU’s $50M Firing, Ernie on Inside’s Future

0:00

Featured Today

How Injuries Hit Pro Marathoners in the Wallet

Staying healthy can get expensive—quickly.
Football - NFL - Houston Texans v Jacksonville Jaguars - Wembley Stadium, London, Britain - October 18, 2026 The necklace of a Jacksonville Jaguars fan outside the stadium before the match
October 21, 2026

Die-Hard Sports Fandom Has Reached the Afterlife

Will fans pay $6,000 to memorialize their team loyalty?
October 20, 2026

Why Europe Is Pumping Out NBA Superstars

The NBA and NCAA have an increasingly European flavor.
October 15, 2026

College Flag Football Is Outgrowing Its DIY Era

Women have been building the college game themselves at the club level.
Oct 5, 2026; Pittsburgh, Pennsylvania, USA; Pittsburgh Penguins general manager Kyle Dubas arrives at the arena before the Penguins host the Winnipeg Jets at PPG Paints Arena
October 12, 2026

NHL’s New Wave of GMs Is Built Different

“I am in the prediction business,” Devils GM Sunny Mehta tells FOS.
Oct 10, 2026; Montreal, Quebec, CAN; Detroit Red Wings center Dylan Larkin (71) looks on during warm-up before the game against the Montreal Canadiens at Bell Centre. Mandatory Credit:

Dylan Larkin’s Trade Demand Comes With a $41K Daily Price Tag

Larkin is playing an expensive waiting game, holding out for a trade.
October 28, 2026

Golf and Tennis See Big Gains in Youth Sports Participation

Youth participation in flag football also keeps growing.
October 30, 2026

Pro Marathoners Grapple With the Sport’s Pervasive Doping Problem

Pros and coaches tell FOS the ripple effects last for years.
Sponsored

How the New York Yankees Stay Game-Ready with Sage Intacct

See how Sage Intacct helps the Yankees streamline finances and plan for the future.
October 28, 2026

Saquon Barkley Opposes 18-Game NFL Season: ‘Hell of a Sport’

The Eagles RB cited player health.
Exclusive
October 28, 2026

NFL Told Saquon Barkley to Divest Polymarket Stake

“I was in it before, but no bueno,” Barkley told FOS.
Sponsored

How the New York Yankees Stay Game-Ready with Sage Intacct

See how Sage Intacct helps the Yankees streamline finances and plan for the future.
October 25, 2026

Jackson Contract Standoff Looms Over Ravens As Team Treads Water

The two-time MVP missed his third straight game.