New York Giants decline fifth-year option on Deonte Banks

The New York Giants have declined the fifth-year option on cornerback Deonte Banks, their 2023 first-round draft pick. The decision, which was due by Friday's deadline, follows an evaluation of Banks' performance against the projected $12. 633 million fully guaranteed salary for the 2027 season.

Cornerback Deonte Banks' fifth-year option is being declined by the Giants. Hardly a surprise given his struggles the past few seasons. Essentially the Giants declined to pick up an option that would have put Banks under contract in 2027 for $12.

633 million. Instead, he’s… — Jordan Raanan (@JordanRaanan) May 1, 2026 Selected 24th overall out of Maryland, Banks has yet to develop into a consistent NFL starter. Advanced metrics from 2025 revealed the Giants' defense performed dramatically worse with him on the field , ranking last in the league in EPA per play during his snaps.

Banks also received the lowest Pro Football Focus grade among qualifying cornerbacks over his first three seasons. While Banks showed promise as a kick returner, averaging 32. 7 yards per return and scoring a 95-yard touchdown, his defensive shortcomings led to reduced playing time.