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Giants franchise tag Saquon Barkley. What happens next?

The Giants beat the clock to keep both their stars in the fold.

General manager Joe Schoen hit running back Saquon Barkley with the franchise tag on Tuesday. The move came moments after quarterback Daniel Jones agreed to a four-year deal with the team and right before the NFL’s 4 p.m. tag deadline.

So what now?

The current situation. Barkley in effect has a one-year, $10.1 million deal on the table. That is the non-exclusive tag rate for running backs. And the Giants are scheduled to carry that cap hit when the new league year begins a week from Wednesday.