The New York Giants have unexpectedly agreed to reduce Devin Singletary’s salary for the 2026 season, allowing the running back to remain under contract. This decision comes despite speculation that Singletary would be released due to salary-cap considerations and depth chart changes within the team.
Details of the Revised Contract and Roster Context
Devin Singletary, 28, had been scheduled to carry a $6.5 million cap charge in 2026, which is the final year of the three-year, $16.5 million deal he signed before the 2024 season. His updated contract includes performance incentives that could offset some of the reduced guaranteed money, according to sources from The Record.
The team had appeared likely to part ways with Singletary because rookies Cam Skattebo and Tyrone Tracy Jr. surpassed him on the running back depth chart. Additionally, the original $5 million cap hit was significant for a running back who posted just 437 rushing yards in each of the past two seasons. However, Skattebo returned from a serious ankle injury, and Singletary remains a dependable option in backup roles and passing situations.
Had the Giants released Singletary before or after the June 1 roster designation, they would have saved $5.25 million against the cap but absorbed $1.25 million in dead cap charges, according to spotrac.com.
Singletary’s Performance and Role on the Team
Initially signed to be the primary running back for the 2024 season, Singletary’s role diminished as Tyrone Tracy Jr. outperformed him, becoming the leading rusher for the Giants that year. The 2025 season saw Cam Skattebo take over as the lead back until suffering a season-ending injury in Week 8, which somewhat elevated Singletary’s importance as a depth player.
Over the past two years, Singletary has appeared in 32 games but started only six, accumulating nine rushing touchdowns. Despite the shifting hierarchy among New York’s running backs, Singletary’s ability to contribute as a pass catcher and a reliable backup secured his place for the coming season.
Offseason Prospects and Team Needs Moving Forward
Although Singletary’s contract has been restructured, the Giants are expected to pursue further improvements at the running back position this offseason. Reports have indicated interest in Super Bowl MVP Kenneth Walker III, suggesting the team’s search for a stronger rushing attack will continue.
Beyond the backfield, the Giants face challenges on offense, including the possible departure of leading receiver Wan’dale Robinson in free agency and Malik Nabers recovering from injury. The team also looks to add a No. 2 wide receiver to bolster their options moving forward.
These adjustments are part of a broader strategy as the Giants aim to replenish key roles and strengthen their roster ahead of the 2026 campaign.
Devin Singletary has taken a pay cut to stay with the Giants, source confirms. He’s restructured the contract and added incentives for a chance to get some of the money back. Team still gets cap relief.
I’m not sure this means anything regarding the Giants’ potential pursuit of…
— Art Stapleton (@art_stapleton) March 6, 2026
