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Do Carr/Smith contracts help New York Giants in Daniel Jones negotiations?

The New York Giants are racing to beat the franchise tag deadline and sign QB Daniel Jones to a contract extension. New York has until 4 p.m. today to use their franchise tag. If no deal is reached with Jones by that time, the Giants will be tagging their QB. Thankfully, the two sides made progress Monday night and remain motivated to get a deal done ahead of the deadline.

In the midst of contract negotiations with Daniel Jones, two of the market’s top free-agent quarterbacks signed new contracts. Derek Carr and Geno Smith both agreed to contracts paying them in excess of $35 million per season on Monday.