According to ESPN’s Adam Schefter, former New York Giants defensive tackle Johnathan Hankins has agreed to a three-year, $30 million deal with the Indianapolis Colts.
Former Giants' DT Johnathan Hankins, the top-rated available free agent, is signing a 3-year, $30M deal with Colts, source tells ESPN.
— Adam Schefter (@AdamSchefter) April 13, 2017
It was reported yesterday, that the Giants had offered a Hankins a four-year, $28 million deal, something that had been on the table for weeks.
While some fans may be upset that the Giants didn’t retain the 25-year-old defensive lineman, this signing actually benefits New York more than you’d think.
4. The Giants Will Likely Receive Draft Pick Compensation
According to NJ.com’s James Kratch, “it’s a safe bet” that the Giants will receive draft pick compensation next season for the departure of Hankins.
That compensation will likely come in the form of a fourth-round pick.
It’s never a bad day when you can receive a draft pick for your fourth-best defensive lineman.
3. The Giants Have Done a Great Job of Finding Talent at Defensive Tackle
Over the last 10 years, the Giants have drafted the likes of Barry Cofield, Linval Joseph, and Hankins, while also hitting the free agent lottery on Damon Harrison and Cullen Jenkins (for a short period).
Considering they spent a high pick on Jay Bromley years ago, to give him an extended role (more than the 264 snaps he took last season) is something you’d hope they would feel comfortable with doing.
Also, it was reported that the chances are “high” the team would draft a defensive tackle whether Hankins was back or not.
So, Bromley will likely at least platoon with someone else.
2. They Save Cap Space
Over the next few years, the Giants will have to re-sign the likes of Justin Pugh, Weston Richburg, Odell Beckham Jr. and others.
To give Hankins, who is the fourth-most important player on his own defensive line, an average salary of $7 million would be ridiculous.
New York will also be taking on a cap hit of over $17 million from Olivier Vernon and Jason Pierre-Paul in both 2018 and 2019 while also facing a cap hit of over $8.5 million for Harrison over the final four years of his contract.
That’s a crazy amount of cash assigned to one group.
1. Finally, The Giants Didn’t Pander To One Of Their Players
The love affair the Giants had with washed-up Victor Cruz was disgusting.
Who else would give a shifty, 30-year old slot receiver a starting gig after missing 26 straight games?
The same happened with Josh Brown. Why re-sign someone, a kicker for that matter, knowing his history?
Rashad Jennings was a bowling ball his last few years with the team, providing no explosiveness whatsoever.
But because he was a good guy, the team kept him on the roster.
Now that they stuck to their guns with Hankins, letting him decide his own future and not pandering to his demands, the Giants have finally shown that they have no problem with moving on.
That’s a good quality to have.