Updated: Giants, Leonard Williams agree to a 3-year, $63 million contract

Ian Rapoport of the NFL Network is reporting that the New York Giants have agreed to a 3-year, $63 million contract with defensive lineman Leonard Williams.

The Giants have been trying to get a long-term deal done with Williams for some time now, and it seems they finally have one in place.

As of this writing we don’t know the exact structure of Williams’ contract, but Pat Leonard of the New York Daily News is reporting that the long term deal will lower Williams 2021 cap number from over $19 million to a more team-friendly $11 million.

Tom Pelissero is also reporting that Williams will get $45 million guaranteed and that his cap number for 2021 will be $11 million. Had he played on the franchise tag, that cap number would have been $19.351 million.

That $8 million in cap savings allowed the Giants to come to terms with wide receiver John Ross (one year, $2.5 million) and fullback Cullen Gillaspia [Full story].

Williams’ average of $21 million per year ties him with DeForest Buckner of the Indianapolis Colts for the second-richest interior defensive lineman contract behind Aaron Donald of the Los Angeles Rams. Williams $45 million in fully-guaranteed money is second outright, $5.6 million ahead of Buckner and $5 million behind Donald.

Adam Schefter is reporting that Williams will now drop his positional grievance.

Final year-by-year terms: