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Report: New York Giants voiding contract for WR Sterling Shepard one year into new deal

On3 imageby:Andrew Graham•02/15/23•

AndrewEdGraham

New York Giants v Los Angeles Chargers
INGLEWOOD, CALIFORNIA - DECEMBER 12: Sterling Shepard #3 of the New York Giants lines up during an NFL football game against the Los Angeles Chargers at SoFi Stadium on December 12, 2021 in Inglewood, California. The Los Angeles Chargers defeated the New York Giants 37-21. (Photo by Michael Owens/Getty Images)

The New York Giants are reportedly moving on from wide receiver Sterling Shepard after just one year of his contract extension elapsed. The Giants are voiding the contract, according to The Athletic’s Dan Duggan, meaning Shepard is now a free agent and can sign elsewhere.

Shepard tore his ACL in Week 3 of the 2022 NFL season. By voiding his contract, the Giants are incurring a $4.3 million dead cap hit — ultimately a significant cash saving move when considering the open roster spot and value of the contract.

Shepard was drafted by the Giants in 2016 out of Oklahoma. He’s caught 362 passes for more than 4000 yards with 22 touchdowns in his NFL career. He has played a full season just twice, playing 16 games in 2016 and 2018. Since then, he hasn’t played in more than 12 games in a season. Across the last two years, Shepard has appeared in just 10 games.

Due to his injury and recovery, Shepard likely won’t have a large free agent market and Duggan reported that a potential new contract with the Giants might be palatable to both sides.

WATCH: Kadarius Toney takes victory lap on Giants following Super Bowl win

Kansas City Chiefs wide receiver Kadarius Toney took a victory lap on the New York Giants after winning Super Bowl LVII.

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The former Florida Gators star was traded midseason to the Chiefs and while he did not break out with big numbers, he was a key player down the stretch. He also had the longest punt return in Super Bowl history that aided the Chiefs in their 38-35 win over the Philadelphia Eagles.

Toney was asked why it ended up working out going from the Giants to the Chiefs.

“I’m a Super Bowl Champion, that’s why,” Toney said.

He was also asked about his key punt return which set up a second-half touchdown for the Chiefs and helped gain control of the game.

“Man it was a return that was just set up … I just had to go out there and make a play,” Toney said. “When I caught the ball and looked down, I saw all of these jerseys in front of me. I knew something was open and I made the cut … Man, it’s surreal right now.”