Jason Pierre-Paul had a procedure performed on his right middle finger three days before the Giants examined his hand last week, sources told ESPN’s Dan Graziano. The defensive end is also missing the tip of his thumb and his entire index finger and there is now increased pessimism among team decision-makers about his prognosis, Graziano hears.

JPP remains convinced that he will play again this year, sources with knowledge of his thinking have told Graziano, and he thinks he’ll be back on the field relatively soon. But, another source said the Giants don’t plan to see Pierre-Paul again for another five or six weeks. If the hand isn’t healed to their satisfaction by then, the Giants will consider rescinding his $14.81MM franchise tender, per Graziano’s report.

One has to imagine that the Giants are less-than-thrilled with the situation, not only because of JPP’s medical condition, but because the star defensive end has largely been out of the loop this offseason. Big Blue offered to pay Pierre-Paul part of his $14.81MM salary to go on the NFI list prior to the 53-man cutdown, Ed Werder of ESPN.com (on Twitter) hears. That would have allowed Pierre-Paul to rehab his hand, improve his conditioning, and learn Steve Spagnuolo’s defense. Pierre-Paul, of course, declined.

SUNDAY, 11:54am: Michael David Smith of Pro Football Talk has once again cast a black cloud on the JPP story. Citing Jay Glazer of FOX Sports, Smith writes that Pierre-Paul has lost a great deal of weight because he has been unable to work out. Glazer adds that JPP has severe injuries to three fingers and had a skin graft within the last week. Between Glazer’s report and a pair of tweets from Jordan Raanan of NFL.com this morning, it appears that, if JPP returns in 2015, it will not be until the second half of the season. As his franchise tender would have paid him $14.8MM this year, each week that Pierre-Paul misses will cost him roughly $870,000.

SUNDAY, 9:07am: Jason La Canfora of CBS Sports puts a more positive slant on this development. La Canfora writes that the Giants are “very comfortable” with the plan that Pierre-Paul has been following in Florida and are pleased with the progress he has made. La Canfora says nothing is imminent, and it will be several weeks before New York reassesses JPP physically and settles his contract, but the Giants are not unhappy with what they saw; on the contrary, they are “very enthused.” Although it may be a bit optimistic at this point, La Canfora says an early October return is not out of the question.

SATURDAY, 9:36pm: The right hand injury defensive end Jason Pierre-Paul suffered in a July 4 fireworks accident is worse than the Giants have been led to believe, according to ESPN’s Dan Graziano. Further, there are some within the organization who fear that Pierre-Paul could miss the 2015 season.

The Giants don’t yet plan to rescind Pierre-Paul’s unsigned franchise tender, per Graziano, who notes that – in addition to his missing right index finger, fractured thumb and skin grafts – JPP is without a portion of another finger on his right hand. If the Giants don’t rescind the tender, he could sign it in an effort to get back on the field and collect a prorated amount of the $14.813MM sum. However, the Giants could subsequently place Pierre-Paul on the non-football injury list and end his season. The team would then be able to avoid paying him. Graziano writes that the odds of Pierre-Paul winning a potential appeal are low, given how he sustained the injury.

JPP has been working out on his own and will continue to do so, but it appears the chances of him returning to the field in the near future are slim. While he told the Giants last week that he’d be able to play if outfitted with a protective device for his hand, the team doesn’t want to risk deploying him at less than 100 percent, according to Graziano.

Pierre-Paul has been an important piece for the Giants during his five-year career, collecting 42 sacks – including 12.5 last season – since they used a first-round pick on him in 2010. The Giants had the NFL’s 29th-ranked defense last year even with Pierre-Paul, so it stands to reason that the unit could be in for worse trouble this season without him.

3:36pm: Per Ed Werder of ESPN.com (Twitter link), now that 53-man rosters have been set, Pierre-Paul can’t be placed on the Giants’ non-football injury list without ending his season, which is another reason why JPP won’t sign his contract yet.

3:30pm: The Giants haven’t rescinded Pierre-Paul’s franchise tag, but he won’t sign it until he’s healthy, at which point he’ll get a prorated portion of $14.813MM, tweets Rapoport. For now, JPP is heading back home.

3:14pm: When Jason Pierre-Paul reported to the Giants yesterday, sources from his camp expressed optimism about his physical condition, suggesting that he could be ready to play in Week 1. However, a Newsday report this afternoon threw cold water on the notion that Pierre-Paul would return to the field immediately, and it sounds like the Giants are a little less bullish on his recovery timetable.

According to Ian Rapoport and Aditi Kinkhabwala of NFL.com (Twitter links), Pierre-Paul won’t sign his franchise tag with the Giants today or anytime in the immediate future. The NFL.com duo suggests that JPP’s hand isn’t quite ready, and that he could be out for another month — and even that might be an optimistic timetable.

Pierre-Paul is still recovering from a hand injury that he sustained on the July 4th weekend in a fireworks accident. JPP, who lost a finger in the mishap, hadn’t reported to the Giants or taken a physical with the team until yesterday, so the glowing reports about his recovery were presumably all coming from his camp.

Having not yet signed his franchise tender from the Giants, JPP now appears very unlikely to earn the full $14.813MM value of the tag. Still, not signing that one-year deal gave the 26-year-old leeway to miss training camp and the preseason without being fined, and allows him to avoid being placed on New York’s non-football injury list. When a team places a player on the NFI list, he’s automatically ruled out for the season’s first six weeks, and the club can elect not to pay the player’s salary.

We’ll have to wait and see how the JPP situation plays out in the coming days and weeks, but for now it looks like Tony Romo won’t have to worry about the veteran pass rusher chasing him around the field this Sunday night.

2:02pm: Pierre-Paul is in New York for his physical, and while his hand is wrapped for protection, he has no broken bones, per Rapoport and Albert Breer (all Twitter links). The Giants plan to have Tom Coughlin, John Mara, and Jerry Reese meet with JPP when he’s ready.

Rapoport and Breer also note that Pierre-Paul and the Giants will likely rework his contract before he signs, since the team will want to reduce his salary and JPP will want to avoid being placed on the NFI list.

8:37am: Jason Pierre-Paul is set to fly in to reunite with the Giants today, and an all-important physical examination is on the schedule for the veteran defensive end, reports Ian Rapoport of NFL.com (via Twitter).

Pierre-Paul is still recovering from a hand injury that he sustained on the July 4th weekend in a fireworks accident. JPP, who lost a finger in the mishap, has yet to report to the Giants, so the team is unsure about how the pass rusher’s rehab has progressed. That makes today’s physical an important stepping stone for franchise-tag recipient, as he looks to get back on the field.

For now, Pierre-Paul also technically remains a free agent, having not signed his franchise tender from the Giants. Not signing that one-year deal gave the 26-year-old leeway to miss training camp and the preseason without being fined, and allows him to avoid being placed on New York’s non-football injury list for the first six weeks. When a team places a player on the NFI list, it can also elect to not pay him.

Of course, JPP also won’t get paid as long as he’s not under contract, but if he doesn’t sign his deal before the season gets underway, he’ll only forfeit salary a week at a time, rather than risking losing a six-week chunk at once.

The Giants’ defense has been somewhat banged up so far this summer, particularly in the secondary, so if Pierre-Paul is close to being able to return to the field and get some pressure on opposing passers, it would be a significant boon for that unit.

Jason Pierre-Paul plans to return to the Giants next week and expects to be able to play early on in the season, Dan Graziano of ESPN.com tweets. Adam Schefter of ESPN.com (on Twitter) adds that the Giants will examine JPP’s hand to determine when he’ll actually be able to get back on the field.

Pierre-Paul had a strong 2014 campaign with 12.5 sacks and three forced fumbles and was the league’s seventh-best 4-3 defensive end according to Pro Football Focus’ grades (subscription required). At the end of the season, JPP found himself entangled in a contract dispute with the Giants. The Giants slapped the defensive end with a one-year, $14.813MM franchise tender to keep him, but Pierre-Paul was fighting for a lucrative long-term deal. Big Blue reportedly came to the table with a ~$60MM offer, but Pierre-Paul turned it down.

In July, of course, things took a bizarre and unfortunate turn when JPP lost a finger in a fireworks accident. Since then, Pierre-Paul has been rather distant from the organization and even from his teammates. Despite the frosty summer between the two parties, the Giants are undoubtedly ecstatic to have their star defensive lineman back in the fold. Outside of JPP, the Giants don’t have any players who have recorded more than 7.0 sacks in a season.