Giants release veteran wide receiver Golden Tate in cost-cutting move

EAST RUTHERFORD, N.J. -- Wide receiver Golden Tate has been released by the New York Giants in a cost-cutting move.

"I appreciate the conversations and professionalism the Giants management showed me earlier today," Tate wrote Wednesday on social media. "Always a class-act organization from start to finish, your respect means the world to me and my family."

Thank You NYC. ❤️🗽 - Golden Tate III pic.twitter.com/w80TgSv5Ky

— Golden Tate (@ShowtimeTate) March 4, 2021

The move creates $6 million in cap space for the Giants, $10 million if he is designated a post-June 1 cut. Tate was to make $8.5 million and count $11 million against the salary cap in 2021. 

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This is likely Jones’ last shot to prove he’s The Man in New York. If he stumbles through another mediocre season, both the 2019 first-rounder and GM Dave Gettleman will be out of the picture come 2022.

The NFL is called “Not For Long” by players for a reason. When you are in the business of playing to win, you have to prove your worth or you won’t be around long. Daniel Jones has shown flashes of brilliance while also making head-scratching mistakes. 

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Golden Tate released by New York Giants two seasons into four-year, $37.5m deal

The 32-year-old had an underwhelming 2020, starting just four of his 12 games and recording 35 receptions for 388 yards and two touchdowns.

Linebacker David Mayo has also been released just one season into his three-year deal. The moves save the Giants $8.4m in cap space. 

Writing on social media following his release, Tate said: "I appreciate the conversations and professionalism the Giants management showed me earlier today. 

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