Free-agent punter Jordan Stout has reached an agreement on a three-year, $12.3 million contract with the New York Giants, according to Adam Schefter of ESPN.
The landmark deal officially makes Stout the highest-paid punter in the NFL, resetting the market for the position. The agreement marks a significant move for the specialist, who previously played for the Baltimore Ravens. While the deal cannot be officially signed until the league's designated period, the terms have been finalized between Stout and the Giants front office.
By securing Stout, the New York Giants are making a record-setting investment in their special teams unit. Stout, a former fourth-round draft pick, has quickly established himself as one of the league's premier specialists, known for his elite leg strength and hang time. This move brings a high-caliber leg to the Giants roster as they look to bolster their specialist group for the upcoming season.
The $12.3 million total value represents a new benchmark for punters across the league, surpassing previous annual average value records. Stout had been a key contributor in Baltimore, but he now heads to New York to anchor the Giants' punting unit for the next three years.
This is a developing story. Check back for updates.
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