The Giants and star pass-rusher Jason Pierre-Paul have agreed to terms on a four-year deal, a source tells Ian Rapoport of NFL.com (on Twitter). The new deal should give the Giants some extra breathing room against the salary cap for 2017. His agent has since confirmed the deal via social media.
Pierre-Paul will receive about $17MM/year on the deal and he’ll get $54MM guaranteed, according to ESPN.com’s Adam Schefter (on Twitter). The deal has a base value of $62MM and can reach up to $66MM through incentives, Rapoport tweets. Rapoport also hears that the deal has $40MM guaranteed, so there is some disparity between the two reports.
JPP was slated to be on the books for $16.934MM in 2017, per the terms of the franchise tender. The two sides technically had until July 15 to work out a new contract, but the Giants were eager to get something done sooner so that they could add players in the second wave of free agency. In theory, the Pierre-Paul extension could allow the Giants to retain free agent defensive tackle Johnathan Hankins. Hankins has found a much softer market than he expected and the G-Men might be able to afford him now.
Pierre-Paul played in 12 games before being shut down in December with a core muscle injury. All in all, he had seven sacks and three forced fumbles. Pierre-Paul also ranked 13th among Pro Football Focus’ 109 qualified edge defenders and totaled the league’s 15th-most QB hurries (24).
The veteran did not want to receive the franchise tag this year, but the Giants were unwilling to let him test the open market. Last year, the inflated market for defensive ends led to the Giants giving Olivier Vernon a five-year, $85.5MM deal with $52MM in guarantees. Pierre-Paul is three years older than Vernon, but the bidding still would have gotten out of hand for him. Today, the Giants agreed to give JPP a deal for roughly the same average annual value with potentially equal guaranteed money on a per year basis. We’ll have to wait for additional details before fairly grading the deals against each other.
For his career, JPP has 50 sacks and eleven forced fumbles to his credit. He should add even more to that total as he remains with the Giants for his prime years.
Photo courtesy of USA Today Sports Images.