The New York Giants and Daniel Jones beat the clock.
The two sides have agreed to a four-year deal worth $160 million, according to multiple reports.
The quarterback is coming off a season where he made the playoffs for the first time and led the G-Men to their first playoff victory since Super Bowl XLVI 11 years ago.
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Jones threw for just 15 touchdowns and ran for another seven, but it should be noted that his receiving corps is among the worst in the league - Darius Slayton led the team with 724 receiving yards, Isaiah Hodgins was their leading receiver in their two playoff games (108 receiving yards).
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However, Jones completed a career-high 67.2 percent of his passes, and his 1.1 interception percentage was the best of his career - his seven turnovers (five interceptions, two fumbles) were also the lowest mark of his career. His 3,205 passing yards were also a career-high, as were his 708 rushing yards and seven scores on the ground. Perhaps with better weapons, he can be the leader of a stout offense.
The Giants went 9-7-1 last season - it was the first time they finished above .500 since 2016 - Jones sat in Week 18, which resulted in a loss.
The $40 million AAV makes Jones the seventh-highest paid quarterback in terms of average yearly salary, tying him with Dak Prescott and Matthew Stafford. That can definitely go down in a couple of years, though, when Justin Herbert, Jalen Hurts, and Joe Burrow sign extensions.
Jones, though, will earn $82 million over the first two years, and he also can make another $35 million in incentives.
Jones was the sixth overall pick in the 2019 NFL Draft as the heir apparent to Eli Manning.