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His new contract extension includes a big incentive component.
With the Giants and Daniel Jones agreeing to a new deal, his contract numbers have been revealed. The new deal is worth $160 million over four years, a source tells Sports Illustrated’s Albert Breer. Jones can also make an additional $35 million in incentives. 
With the new deal in place, New York will avoid having to place the franchise tag on their quarterback and can now look to the future. Jones is now the TKTK highest-paid quarterback in the NFL.

Baltimore gave Jackson the non-exclusive franchise tag on Tuesday.
The Falcons are not expected to pursue quarterback Lamar Jackson in the open market, SI’s Albert Breer confirmed. ESPN’s Dianna Russini was the first to report.
On Tuesday, the Ravens placed the non-exclusive franchise tag on Jackson, which allows the quarterback to negotiate with other teams once free agency begins. If Jackson agrees to a deal with another team, the Ravens have a choice to either match the deal or receive two first-round picks back in exchange for the quarterback.

Lamar Jackson headlines the group of players who received the franchise tag designation ahead of Tuesday’s deadline.
An important milestone in the 2023 NFL offseason came and went Tuesday at 4 p.m. ET: the deadline for teams to use the franchise tag.
NFL teams are able to use the tag, a fully guaranteed one-year deal, on one impending free agent each season. There are two types of franchise tags: a non-exclusive tag, which allows the player in question to negotiate with other teams after getting tagged, and the exclusive tag, which prevents the player from negotiating with other teams.

The running back will join quarterback Daniel Jones next season.
Shortly after Giants quarterback Daniel Jones reportedly agreed to a multi-year contract extension with the team, the team decided to franchise tag running back Saquon Barkley, sources told NFL Network’s Mike Garafolo.
The franchise tag was decided just minutes before the 4 p.m. ET deadline on Tuesday, March 7. 
This means Barkley will return for his sixth year with the Giants next season. He is a two-time Pro Bowler with the team, including in the 2022 season.
This is a developing story. Check back for updates.