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Tue, March 14, 2023
In exchange, the Giants will give up their third-round pick in the 2023 NFL Draft, which they had acquired from the Kansas City Chiefs in exchange for Kadarius Toney.
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Waller, who has had impressive receiving seasons for the Raiders, was limited to nine games in 2021 due to injuries.
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Despite this setback, the 30-year-old will be under contract with the Giants through 2026.
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The deal will see Waller's salary cap hit rise from just under $12 million in 2023 to $15 million in 2026.
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The addition of Waller, who is a big-bodied tight end, should provide quarterback Daniel Jones with a significant target in the middle of the field.
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This move is part of a larger plan to revamp the offense around Jones and Saquon Barkley.
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Having acquired one of the premier tight ends in the league, the Giants are expected to bolster their receiving corps with multiple new additions.
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The group was plagued by injuries last year and lacks a true top-tier receiver at the moment.
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The Giants have secured Sterling Shepard's services for another year on a "prove-it" contract.
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However, the receiving corps still features relatively unknown players, such as Isaiah Hodgins and Wan'Dale Robinson.
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