The deal includes a $2 million signing bonus and $909,000 in incentives, which can be earned for reaching certain rushing and receiving milestones.
Barkley, 26, was a two-time Pro Bowl selection and the 2018 Offensive Rookie of the Year. He has rushed for 4,249 yards and 29 touchdowns in five seasons with the Giants.
Barkley’s signing is a major boost for the Giants, who are looking to improve their offense in 2023. The team also recently signed wide receiver Sterling Shepard to a one-year deal.
With Barkley and Shepard back in the fold, the Giants have a talented duo of playmakers on offense. The team will also be looking for quarterback Daniel Jones to take a step forward in his development in his fourth season.
Barkley’s signing is a positive development for the Giants, but it also leaves the door open for him to leave the team in free agency in 2024. The Giants will have to decide whether to sign him to a long-term deal before the 2023 season or risk losing him in free agency.