New York Giants are signing Drew Lock to a one-year deal

The New York Giants lost veteran quarterback Tyrod Taylor to the New York Jets on Monday but wasted little time in replacing him.

NFL Network’s Ian Rapoport reports that the Giants are signing Drew Lock. The deal is for one year and worth up to $5 million.

The #Giants are signing Drew Lock, per me, @TomPelissero and @MikeGarafolo

— Ian Rapoport (@RapSheet) March 12, 2024

The 27-year-old Lock was a second-round pick of the Denver Broncos in the 2019 NFL draft and spent the first three years of his career with the team. He was traded to the Seattle Seahawks in March of 2022 and spent the past two seasons backing up ex-Giant Geno Smith.

In 28 career games (23 starts), Lock has completed 59.7 percent of his passes for 5,283 yards, 28 touchdowns and 23 interceptions. He’s added 229 yards (3.9 ypc) and five touchdowns on the ground.

Lock will serve as a moderately-priced reserve in 2024 and compete with Tommy DeVito for the backup job to starter Daniel Jones.

Given that the Giants recently traded one of their two second-round picks and have now committed roughly $53.1 million in 2024 to the three quarterbacks on their roster, the odds of general manager Joe Schoen selecting a rookie QB in the early rounds of the 2024 NFL draft have diminished.