The Giants signed Indianapolis Colts free agent wide receiver Parris Campbell to a one-year contract worth up to $6.7 million on Thursday, sources told the Daily News.
It’s a $4.7 million contract that includes a base amount of $3 million and $1.7 million in roster bonuses, plus an additional $2 million available in incentives, sources said.
The 25-year-old Campbell, a former second-round draft pick out of Ohio State, is a quick and versatile wide receiver who can play both outside and inside in Brian Daboll’s offense.
He is coming off the best season of his career with 63 receptions for 623 yards and three touchdowns.
“A quick, physical guy and a great leader,” new Giants linebacker Bobby Okereke said Thursday of Campbell, his former Colts teammate. “He’s always had elite speed.”
Campbell’s signing follows Tuesday’s trade from the Giants for Raiders tight end Darren Waller to improve Daniel Jones’ weapons in the passing game. And general manager Joe Schoen isn’t done.
( New Giants TE Darren Waller intends to assuage ‘legitimate concerns’ over his durability )
Odell Beckham Jr. is still a free agent, and The News is hearing the Giants are still in the mix there, too, though OBJ has multiple suitors, including future Jets quarterback Aaron Rodgers.
A Giants reunion also wouldn’t be feasible with his $15-20 million salary request. It would have to happen more creatively to fit into the team’s salary cap.
Campbell has a history of injuries. He played in just 15 of a possible 49 games in his first three NFL seasons. He but he stayed on the field last season and played all 17.
That explains the structure of this test contract that pays you real money and gives you the opportunity to earn much more.
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Campbell will earn a minimum of $3 million with a $1.5 million signing bonus, a $1.4 million guaranteed salary and a $100,000 training bonus.
You can then earn up to $1.7 million more in listing bonuses per game ($100,000 per game). That’s the money that represents his salary cap of $4.7 million.
Plus, Campbell has the opportunity to earn up to $2 million more in incentives.
Incentives include $200,000 each for four, six and eight TD receivers; 55, 65 and 75 receptions; and 700, 800 and 900 reception patios. He will get another $100,000 if he leads the Giants in receptions, yards or touchdowns as well.
( Wide receivers at the forefront of Joe Schoen’s Giants’ sweeping offseason plan )
He dabbled in kick returns as a rookie for the Colts in 2019, so that’s something to keep in mind as well.
Meanwhile, Schoen also signed former Jets wide receiver Jeff Smith, 25, on Wednesday night to bring in a deep receiver who plays gunner in punt coverage.
Roster building will continue as Giants staff tour college pro days and the front office prepares for April Top 30 prospect visits and the NFL Draft.