It was reported a few days ago that the Giants could trade Golladay to an interested party, and likely the only way it would work is if New York pays the bulk of his contract in exchange for a late-round pick, sources say. That is a possibility.
It is safe to say that it's been a disappointing tenure for Golladay, who arrived under the old regime with a four-year, $72 million deal in 2021. He had just 37 catches for 521 yards with zero TDs last year and has just two catches for 22 yards so far this campaign.
In fact, there is a chance the Giants would have cut Golladay prior to this season. Except they couldn't.
Golladay had $10 million of his $17.75 million 2022 salary fully guaranteed at signing, but an additional $4.5 million of it became fully guaranteed on the first day of the 2022 league year -- which meant the Giants didn't have an opportunity to release him prior to $14.5 million being fully guaranteed.
The timing of the additional $4.5 million guarantee is extremely rare. Typically, teams structure guarantees to become fully guaranteed on the third or fifth day of the league year so the team has an opportunity to release an underperforming player prior to the guarantee kicking in.
In Golladay's case, not only did that $4.5 million guarantee kick in on the first day of the league year but an additional $3 million of 2022 salary and $4.5 million of 2023 salary became fully guaranteed on the third day of the 2022 league year, too.
Well, people have been looking at potential destinations and of course, the Chicago Bears were one of the first ones that came up. It,s pretty clear that the Bears need help at the wide receiver position.
Here is what Luis Medina of Bleacher Nation had to say on Ryan Poles trying to add Golladay to the Bears roster.
If it feels like Golladay has been on our radar for a while, just know that you're not imagining things. Firstly, you're probably familiar with Golladay from the time he spent with the Detroit Lions. But since leaving Detroit, the Bears have had some involvement with Golladay. Remember, they met with (and made a free agent offer to) him in 2021. It was a different time and place for the Bears. Not to mention a different regime. But the organization probably still has notes on Golladay. Maybe the new guys will take a look and like what they see.
The least Ryan Poles and friends can do is kick the tires on Golladay. There could be value in taking a flier on a receiver who had good tape before falling on hard times. We've seen receivers fall off in the past. So there is a chance that Golladay's star burned hot and flamed out fast. But there is a non-zero chance Golladay makes sense as a change-of-scenery candidate. And one who could be under contract for multiple years, which could have value for a rebuilding team like the Bears.