Per a source with knowledge of the situation, the two sides aren’t talking as the final year of Nicks’ contract commences. While it’s easy to assume the Giants will use the franchise tag on Nicks, keep two important things in mind.
First, it will be very expensive to use the tag, in excess of $10 million. Second, the Giants don’t use the franchise tag very often.
I think there’s a chance the Giants could work out an extension with Nicks after the season, but I also wouldn’t be surprised if New York lets him walk in free agency.