Likely Brings Bounce Back Potential
Likely’s down year didn’t stop the Giants from making a serious investment: three years, $40 million, and $26 million guaranteed. That ranks fourth among TEs in average annual salary and 11th in guarantees, putting him in the lead TE role ahead of 2025 starter Theo Johnson.
Likely’s main target competition is also a potential source of upside. Malik Nabers missed all but four games last season with ACL and meniscus tears. The Giants have expressed optimism that he’ll be ready for Week 1, but that’s not a lock. Any missed time would boost Likely’s target outlook, especially with this weak WR corps behind Nabers:
- Darius Slayton
- Calvin Austin III
- Darnell Mooney
- JuJu Smith-Schuster
- Malachi Fields
- Odell Beckham Jr.
We project Likely for a 16.3% target share, which would have ranked 16th among TEs last year.
Giants' QB Play is an X Factor
Year 2 improvement from Dart would help, but he still has plenty to prove as a passer. He’s also unlikely to match the efficiency Likely got from a healthy Lamar Jackson, who set a career high with 8.8 yards per attempt in 2024 and matched his best mark with a 77.0% adjusted completion rate.
Among 42 QBs with 150+ attempts last season, Dart finished:
- 18th in catchable throw rate
- 29th in adjusted completion rate
- 29th in yards per attempt
- 34th in turnover-worthy throw rate
Harbaugh: 'I'm Certain He's Going to Be Able to Put Up the Numbers'
New HC John Harbaugh won’t call plays, but he’ll certainly have a say in the offense. He’s optimistic that Likely can post career-high numbers.
"When you see a player do it every day, you got a pretty good idea what he's capable of,” Harbaugh said of Likely, whom he coached in Baltimore. “So, I'm certain he's going to be able to put up the numbers… That wasn't part of the thing in Baltimore because of the supporting cast, so to speak."
Matt Nagy spent the past three seasons as Chiefs OC, but this is his first play-calling gig since 2021 in Chicago. His play-calling history there doesn’t point to a pass lean. His four offenses ranked 24th, 14th, eighth, and 17th in pass attempts and 27th, 11th, sixth, and 25th in pass rate, with Mitchell Trubisky and Justin Fields at QB.
His units cracked the top 20 in scoring only once.
Overall, the new OC isn’t a reason to boost Likely’s fantasy outlook.
Paths To Ceiling
The Giants already paid Likely like a player with a real role, and the weak WR depth behind Nabers makes that stance believable.
Nabers missing time would likely boost Isaiah Likely’s target volume. But a healthy season from Nabers would do more for the offense’s scoring ceiling, which would help Likely as a red-zone option. He ranked 11th among TEs with a 21.1% red-zone target share just two years ago, even with Mark Andrews playing all season.
There’s a path for Likely to become a go-to streamer, especially if Dart shows second-year growth.