Giants Withdraw $60MM Offer For JPP

1:46pm: Despite withdrawing their long-term contract offer, the Giants aren’t currently considering rescinding the franchise tag from JPP, a source tells Ralph Vacchiano of the New York Daily News. Vacchiano acknowledges that stance could change within the next few days as more details of Pierre-Paul’s injury become known, but I’d be surprised if the team withdrew that tag, since it would allow the defensive end to sign anywhere.

Vacchiano also hears from a Giants source that there’s “no chance” the two sides will get a long-term deal done by the July 15 deadline.

1:00pm: According to Kimberly Jones of (via Twitter), about $30MM of the Giants’ offer would’ve been guaranteed. It’s not clear if that entire amount would’ve been fully guaranteed, or if a chunk of it would’ve been guaranteed for injury only.

12:28pm: In the wake of the hand injury suffered by Jason Pierre-Paul over the weekend, the Giants have withdrawn their long-term contract offer to the star defensive end, reports Ian Rapoport of, citing three sources informed of the situation. According to Rapoport, the proposal was worth $60MM.

Rapoport doesn’t specify how many years the Giants’ offer was for, but five years and $60MM sounds about right to me — I doubt the team would’ve gone as high as $60MM over four years with the deadline still weeks away. Six years is a possibility, but considering the franchise tag would’ve paid JPP nearly $15MM for one year, $10MM annually seems a little low. Of course, regardless of how many years the proposal was for, it’s possible it didn’t feature much guaranteed money or a player-friendly structure.

In any case, that $60MM offer is no longer on the table, according to Rapoport, who says that the Giants don’t believe a long-term offer is “in the best interest of those involved at this point,” given the timing of the incident and the apparent judgment displayed. Per Rapoport, the 26-year-old hadn’t been planning to accept the team’s offer prior to next Wednesday’s deadline anyway, so it appears likely that he’ll end up signing the club’s one-year, $14.813MM offer, unless it’s withdrawn as well.

Earlier today, I examined a few possibilities for how the situation between Pierre-Paul and the Giants could play out, noting that any scenario involving JPP becoming an unrestricted free agent seems unlikely. If the veteran pass rusher signs his one-year franchise tender, the club could ultimately elect to place him on the non-football injury list until he’s recovered. In that event, New York wouldn’t necessarily have to pay JPP his full salary.

The Giants are still looking into Pierre-Paul’s hand injury to determine the specifics and the possible short- and long-term effects. If the injury is determined to not be as serious as initially feared, it could change New York’s stance on a contract offer by July 15. One team spokesman tells Rapoport that the club’s first concern is for JPP’s well-being.

Pierre-Paul is one of four franchised players whose contract situations we’ll be watching over the next nine days. Cowboys receiver Dez Bryant, Broncos wideout Demaryius Thomas, and Chiefs pass rusher Justin Houston also remain unsigned.

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