It wasn’t an exorbitant amount of money to pay a veteran young receiver, but it was too much for the Giants to pay Darius Slayton, considering his position at the bottom of the roster. Thus, the 25-year-old has accepted a pay cut which will keep him in the squad.
Slayton was scheduled to receive a $2.5 million salary and rely as much on the 2022 salary cap. He will now receive the veterans minimum wage of $965,000, which will save the Giants $1.6 million on the ceiling.
It’s not a high-leverage economy consistent with the restructuring of defensive lineman Leonard Williams’ deal that slashed the salary cap by $12 million. This allows Slayton to stay with the team that selected him in the fifth round of the 2019 NFL Draft and try to move up the ranks at receiver.
Slayton will have a chance to get his money back if he reaches certain incentives. However, he will have to go to the field to get these incentives. He is currently listed behind Kenny Golladay, Kadarius Toney, rookie Wan’Dale Robinson, Sterling Shepard, David Sills and Richie James.
As a rookie in 2019, Slayton was a pleasant surprise, catching 48 passes for 740 yards and eight touchdowns, becoming a big-play threat to then-rookie quarterback Daniel Jones. He had 50 receptions for 751 yards and three touchdowns in 2020 but fell out of favor last season as his playing time and production (26 receptions for 339 yards and two touchdowns) declined.
There has been little talk of the Slayton trade, which hasn’t generated much interest in the league. Slayton gives the Giants an experienced player in a position where they aren’t exactly stable. Golladay had a slow summer, Toney didn’t play in preseason and missed training time with knee and hamstring issues. Meanwhile, Shepard is coming off surgery to repair a torn Achilles tendon, and Sills has two career NFL receptions. Unlike James, Slayton does not contribute to special teams.
That move with Slayton gives the Giants about $6 million in salary cap space heading into the season, the money they’ll need to make the roster and practice team moves.
New York Post