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The Giants don't intend to use the franchise tag on Barkley ahead of Tuesday's deadline, NFL Network's Ian Rapoport and ESPN's Adam Schefter report.

Tagging the running back for a second straight year would have put the Giants on the hook for a $12.1 million salary in 2024. Barkley, who turned 27 last month, will become a free agent in the coming days as a result. In his sixth campaign with the team that selected him second overall in the 2018 NFL Draft, Barkley carried the ball 247 times for 962 yards and six TDs to go along with 41 catches on 60 targets for 280 yards and four receiving scores over 14 contests in 2023.

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