Giants surprisingly keep Devin Singletary with restructured deal

Devin Singletary will actually have the chance to finish his Giants contract.

The veteran has agreed to a pay cut for the 2026 season in a surprise move since he had been considered a possible salary-cap casualty, according to reports.

Singletary, 28 had been slated to carry a $6.5 million cap hit in 2026, the final season of the three-year, $16.5 million contract he signed ahead of the 2024 season.

His new deal has incentives that can help him recoup some of the financial losses, per The Record.

There had been some expectation that the team would move on from Singletary since rookie Cam Skattebo and second-year back Tyrone Tracy Jr. have both passed him on the depth chart, and that $5 million cap hit is sizable for a back with just 437 rushing yards in each of the last two years.

Skattebo is coming back from a serious ankle injury, though, and Singletary provides capable depth and is a solid pass-catching option.

The Giants would have saved $5.25 million against the cap by releasing Singletary both before and after the June 1 designation date, with just $1.25 million in dead salary cap, according to spotrac.com.

The team originally signed Singletary to be the lead running back for the 2024 season, but Tracy outplayed him and became the focus of the team’s rushing attack that season.

The 2025 campaign featured Skattebo entering the mix and emerging as the lead back, further lessening Singletary’s role before the rookie’s season-ending injury in Week 8

Singletary has started just six games over the past two years while appearing in 32, and he’s tallied nine rushing touchdowns.

The Giants are still expected to search for running back upgrades this offseason despite this restructuring, with The Post previously reporting the team’s interest in Super Bowl MVP Kenneth Walker III.

Big Blue also could use a No. 2 receiver with 2025 leading receiver Wan’dale Robinson projected to leave in free agency and Malik Nabers recovering from injury.