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Barkley, Giants reach compromise with 1-year deal worth reported $11M

David Berding / Getty Images Sport / Getty

Franchise-tagged running back Saquon Barkley will report to New York Giants training camp after all.

Barkley signed his franchise tag, the team announced Tuesday. It didn't provide specifics on the restructured deal.

The running back's new one-year agreement is worth up to $11 million, sources told NFL Network's Ian Rapoport. The deal will give Barkley the chance to top the fully guaranteed $10.1 million he earns on the franchise tag through $909,000 in incentives. It also includes a $2-million signing bonus.

Barkley failed to reach a long-term extension with the Giants before last week's franchise-tag deadline. Tagged players can't sign multi-year deals after the deadline but are permitted to negotiate new one-year contracts. He had suggested he could sit out the season unless he received an extension.

There's no clause in the new deal that restricts the Giants from franchise tagging Barkley again in 2024, according to NFL Network's Mike Garafolo.

The former No. 2 pick rushed for a career-high 1,312 yards last season. His 10 touchdowns and 1,650 yards from scrimmage were his best figures since his rookie year in 2018.

Barkley's new contract leaves Las Vegas Raiders running back Josh Jacobs as the only franchise-tagged player yet to report to training camp.

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