The New York Giants won't pick up the fifth-year option on Daniel Jones' rookie contract, a source told Judy Battista of NFL.com.
The option was expected to be worth $22.38 million, according to ESPN's Adam Schefter.
Jones will enter the season in the final year of his deal. However, he could receive the franchise tag in 2023 if he plays well, Battista notes.
The Giants' decision to decline Jones' option comes as no surprise after the arrival of general manager Joe Schoen and head coach Brian Daboll.
Jones has thrown for 8,398 yards with 45 touchdowns and 29 interceptions through the first three years of his career.
The Giants could target a quarterback Thursday as they hold both the No. 5 and No. 7 picks in the NFL draft.
