The New York Giants have officially released wide receiver Kenny Golladay.
The move comes as no surprise, as the team will save $6.7 million against their salary cap by waiting until the start of the new league year on March 15 to make the transaction official.
Giants are releasing WR Kenny Golladay on the first day of the league year, March 15, per source.
— Adam Schefter (@AdamSchefter) February 28, 2023
By waiting until March 15, they will save $6.7 million against their salary cap.
Golladay, who signed a four-year, $72 million deal with the Giants before the 2021 season, failed to live up to expectations, making his release inevitable.
Golladay had a disappointing season, constantly battling injuries and showing signs of slowing down compared to his time with the Detroit Lions. He was benched for much of the 2022 season, catching just six of his 17 targets and scoring his only touchdown as a Giant.
As a result of his release, Golladay will still be owed $4.5 million by the Giants.
The Kenny Golladay era in New York is over pic.twitter.com/i5IX0eiwQo
— PFF (@PFF) February 28, 2023
It remains to be seen what type of attention he'll draw as a free agent, but given his recent struggles, it's likely that he'll have to prove himself on a cheaper deal with a contending team in 2023. Photo Credit: Brad Penner-USA TODAY Sports
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