The GIANTS have withdrawn their offer to Buddy Franklin.

GIANTS CEO David Matthews said the club had been today advised by Franklin's manager Liam Pickering that he intended to accept an offer from the Sydney Swans.

"We put forward what we believed to be both a sensible and attractive offer to Franklin. Contrary to media reports, that offer was $1.2 million a year over six years," he said. 

"It appears he has a significantly higher financial offer which we would not have been prepared to make based on our due diligence.  We have every confidence in our list management strategy but we cannot compromise it for the sake of one individual."

"We have been patient and shown a lot of respect through the process.  This decision now allows us to pursue other options during the forthcoming trade period."

"With the right experienced players alongside the likes of Jeremy Cameron and Jonathan Patton we have every confidence we can achieve significant on field improvement in the years to come."