The Giants and WR Sterling Shepard are "working on" a contract extension that is expected to be worth $41 million over four years, SNY's Ralph Vacchiano confirmed on Wednesday. According to ESPN's Adam Schefter, the deal has $21.3 million in guaranteed money.
Shepard was entering a contract year, with his rookie deal expiring at the end of the season. There was no notion the Giants were interested in bringing back the Oklahoma product, let alone extension talks taking place. Rumors were floating around saying the Giants would want to shop Shepard, so they wouldn't let another talent walk into free agency like Landon Collins did this offseason.
However, sources told Vacchiano the Giants never had any intention to trade Shepard. When Odell Beckham Jr. was dealt to the Browns, the team knew that Shepard needed to be signed long-term. Teams, like the Patriots as Garafalo points out, may have called GM Dave Gettleman to see if Shepard was available, but those talks weren't going to be anything more than that.