Leonard Williams and the Giants agreed on Tuesday to a three-year, $63 million contract extension with $45 million fully guaranteed, including a $22.5 million signing bonus, a source told the Daily News.
The deal locks up the Giants’ top pass rusher, and it reduces his 2021 salary cap hit to $11 million, according to a source, clearing immediate cap space for the team to spend elsewhere.
Both were necessities and priorities for the Giants, who wanted to secure a key player and needed to get under the NFL’s salary cap ceiling before 4 p.m. Wednesday.
Williams, 26, gets a $21 million average annual salary.