The New York Giants are already stuck with a contract that looked shaky the day it was signed.
Last offseason, Joe Schoen handed Darius Slayton a three-year, $36 million deal, and the reaction from fans was immediate. It felt like a move made out of need, not conviction. The price tag worked out to $12 million per year, which isn’t outrageous for an NFL receiver, but Slayton hadn’t done enough to justify that kind of commitment.
A little more than a year later, the deal looks even rougher than it did then.
Slayton’s production has been all over the place, and the numbers back that up. According to PFF, he dropped 15.2% of his catchable targets in 2024 and 14% in 2025.
Both figures ranked among the five worst in the league. Dan Duggan of The Athletic even suggested that Slayton may have developed a case of the “yips” in recent years.
That kind of inconsistency has pushed him down the pecking order. His target totals have fallen in three straight seasons, and even with Malik Nabers out of the lineup in 2025, Slayton still couldn’t seize control as the top option in the passing game.
The Giants’ offseason moves told their own story. With Nabers still working his way back from an ACL injury, the team didn’t appear eager to lean on Slayton to carry the load.
Instead, they brought in a major group of receivers this offseason, targeting dependable veterans to stabilize the room. Slayton is still expected to open the year as a starter, but his role should shrink again.
The problem for New York is that moving on isn’t easy. Spotrac says the Giants would take on a $15.75 million dead cap hit if they cut Slayton this season.
That number drops to $3 million in 2027, which is when the team can part ways with him more cleanly if it chooses to do so.
For now, though, this is one of those contracts that looks bad fast. It’s a costly miss for Schoen and the Giants’ front office, and there’s no way around that.
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