The New York Giants have placed their franchise tag on running back Saquon Barkley ahead of the 2023 season on Tuesday, per NFL Network's Mike Garafolo. The tag is worth $10.1 million.
The decision stops Barkley from hitting the open market, as he was set to become a free agent after playing the 2022 season on the fifth-year option on his rookie contract, which earned him $7.2 million. The move also comes after New York reached an agreement with quarterback Daniel Jones on a four-year, $160 million contract, according to Garafolo and Ian Rapoport.