Rapoport added that Hankins has been searching the market for weeks looking for a better deal, though the Giants "want an answer."
According to Armando Salguero of the Miami Herald, Hankins is seeking "a multiyear contract and wants to make $8 million a year at minimum."
The market hasn't been keen to give him such a lucrative contract. Hankins, 24, registered 43 tackles, three sacks and a forced fumble for the Giants in 2016. But Pro Football Focus gave him a "poor" grade for his play in 2016 (h/t Dave Holcomb of FanRag Sports), and it's possible teams have come to the same conclusion.