The Giants have reportedly acquired Jets defensive lineman Leonard Williams from the Jets in exchange for a 2020 third-round pick and a fifth-round pick in 2021, according to ESPN and the NFL Network.
The fifth-round pick will turn into a fourth-round draft pick in 2021 if the Giants sign Williams to a contract extension, according to reports.
Williams, 6-foot-5, 302 pounds, is in the final year of his rookie deal in which he had a $14.2 million base salary.
However, ESPN reports that the Jets will be taking on $4 million of Williams' estimated $6 million remaining base salary.
Regardless, the Giants have $1,864,152 in cap space according to the NFLPA public cap report.
If that figure is accurate, the Giants are going to have to make another move to fit Williams' remaining salary under the cap and leave themselves with some spare change should they need to make any other signings the rest of the way.
The 25-year-old Williams, who played his college ball at USC, has 240 career tackles, 17 sacks, one interception, and two forced fumbles. In seven games this season with the Jets, Williams has 20 tackles and one pass defensed.
Head coach Pat Shurmur, who was on a conference call with reporters when reports of the Williams transaction broke, said he had no comment on any reports of a transaction.
The Giants are projected to be granted a third-round comp pick after losing safety Landon Collins to free agency this year. The NFL Management Council awards comp picks in March.