It had to happen. And it did happen.
The Giants and Leonard Williams on Tuesday agreed to terms on a three-year deal worth a reported $63 million, including $45 million in fully guaranteed money. The Giants get their ascending defensive tackle under contract through the 2023 season and gain valuable and badly needed salary-cap space to improve their roster during this free agency period.
The $21 million annual average was always going to be the ballpark for Williams, as he was given the franchise tag designation that locked him in for one year at $19.4 million. That was the starting point for any multi-year deal and it was clear Williams was looking to average more than $20 million per year. Once the Giants allowed the negotiations to drift upward, a deal was made.
The Giants also agreed to contract terms with receiver John Ross, a speed-demon who needed a change of scenery after four injury-filled and mostly unproductive years with the Bengals.
The key here is the Giants gain salary cap flexibility, as they save around $11 million on the 2021 cap with this move. They knew it was untenable to operate with a cap hit for Williams of $19.4 million and this new deal slices that hit nearly in half, although the relatively short term of the contract — three years — does not allow for much room to spread the value out. This is a great deal for Williams in that he can hit the open market when he is entering his age-30 season, perhaps giving him another shot at cashing in.
Once they made Williams their franchise player, the Giants knew they would be playing in 2021 with him on their line. This gives Williams and the team security he will not be going anywhere any time soon. With Dalvin Tomlinson, a four-year starter at defensive tackle, agreeing with the Vikings on a two-year, $22 million deal, the Giants have a spot to fill on their three-man line; they re-signed Austin Johnson on Monday.
Williams came to the Giants at midseason in 2019 in a trade with the Jets. He played on the $16.1 million franchise tag last season and flourished, with a career-high 11.5 sacks to launch him into a stratospheric price range among defensive linemen. Williams’ $21 million annual average matches DeForest Bucker of the Colts for second among defensive tackles, trailing only Aaron Donald of the Rams at $22.5 million per year.
Ross, 25, received a one-year prove-it deal for $2.5 million, according to NFL Network, including $1 million in guaranteed money. This is a total projection based on talent by the Giants. Ross was the No. 9 overall pick in the 2017 NFL Draft and never came close to living up to that lofty draft status. In four years, he played in only 27 games and has only 51 receptions for 733 yards and 10 touchdowns. He is best known for clocking in at 4.22 in the 40-yard dash at the 2017 NFL scouting combine, breaking a record.
In 2020, Ross played in only three games. He was placed on the COVID-19 list when he left the team to be with his son, who contracted the virus, and later landed on injured reserve with a foot issue.
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