Likely, 25, signed a three-year, $40 million deal with the Giants. After spending the first four years of his career with the Ravens, Likely now heads to The Meadowlands after coming off the worst season of his career, posting just 307 yards and one touchdown (primarily due to lack of reps and targets).
He has never posted more than 500 yards in a single season but showed flashes throughout his time with the Ravens as a capable starting tight end.
Meanwhile, Stout, 27, signed a three-year, $12.3 million deal, making him the highest-paid punter per year in the NFL following his All-Pro season. His 44.7 net punt average ranked first among all qualified punters in the NFL.
He also had the third-longest punt of the 2025 season when he booted one for 75 yards.
They'll both be reuniting under head coach John Harbaugh on the Giants team, who cleaned house following a 4-13 season.