Overview
- The Giants, who declined the cornerback’s fifth-year option Friday, avoid guaranteeing about $12.63 million for 2027.
- Banks is now set to play the 2026 season on a $2.6 million base salary with free agency possible next spring.
- New York’s recent additions at cornerback, Paulson Adebo and Greg Newsome, help explain the reduced commitment to Banks.
- Drafted 24th in 2023, Banks has 45 games and 35 starts with 28 passes defensed and two interceptions, with no picks since his rookie year.
- In the NFL, a first-rounder’s fifth-year option locks in a preset salary for the following year, so declining it keeps cap flexibility and shifts the decision to after the season.