The New York Giants intend to release wide receiver Kenny Golladay once the league officially begins on March 15th. This comes just two seasons after he signed a four-year deal with the team for $72 million. While the team will save $6.7 million this season by cutting him, he will count for some dead cap. He was set to count for $21.4 million against the cap this upcoming season. To say that Golladay hasn’t worked out on the roster since signing would be an understatement. He did not end up being the number one receiver that the team was looking for when they signed him.
Breaking: The Giants are releasing WR Kenny Golladay on the first day of the league year, March 15, a source told @AdamSchefter.
By waiting until March 15, they will save $6.7M against their salary cap. pic.twitter.com/xDcl8I0Zav
— ESPN (@espn) February 28, 2023
In his two-year career with the New York Giants, Kenny Golladay caught just 43 passes for 602 yards and one touchdown. Most of that production came in his first year with the team and his second year featured him losing his spot to wide receivers with less distinguished names. The former Detroit Lions Pro Bowl wide receiver was far away from that level of production with the New York Giants.
His next deal in free agency will be well shy of the one he got with the New York Giants. Still, with his past success, there is a good chance another team gives him a shot on the field next season. Kenny Golladay has shown success in the past and teams may give him a “prove-it” deal next season.