Report: Giants, Deonte Banks unable to reach agreement on extension - Giants Wire
The New York Giants offered cornerback Deonte Banks a contract extension that was declined, reports ESPN's Jordan Raanan and Giants Nation Show host Bobby Skinner.
Both confirmed the organization attempted to lock up the 2023 first-round pick before he reaches free agency after the 2026 season.
"They offered [Banks] the same structure and a little bit less than the Newsome contract extension," Skinner said.
Newsome, who signed a one-year deal worth $8 million in free agency last March, agreed to a three-year, $46 million extension with $32 million guaranteed on Tuesday. The parallel structure suggests New York viewed Banks in a comparable tier within the secondary while seeking a slightly lower commitment.
Raanan indicated the matter is unlikely to be resolved in the near term.
"That looks like that's going to go to the end of the season and into free agency," he said. "But they did try to get something done with Deonte Banks, which tells how they feel about him."
The bid itself signals the organization's positive evaluation of Banks after he won a starting job and delivered improved coverage under head coach John Harbaugh and defensive coordinator Dennard Wilson.
The Giants declined Banks' fifth-year option earlier this year, which would have guaranteed him $12.633 million in 2027. General manager Joe Schoen has publicly praised Banks' attitude and on-field work after previous struggles.
With Newsome now secured through 2029 and other young corners under contract, the franchise tag remains a viable option for retaining Banks next offseason if his production continues. The declined offer leaves the situation open heading into the offseason.
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