- According to Ian Rapoport, Pierre-Paul receives a four-year contract worth $62 million with $40 million guaranteed. The contract can top out at $66 million.
The Giants elected to franchise Pierre-Paul for the second straight year, even though it was going to cost them around $17 million fully guaranteed for the 2017 season.
However, reports mentioned that the Giants and Pierre-Paul planned to work on a long-term extension that would prevent him from actually playing out the year under the franchise tag.
Pierre-Paul, 28, is a former first-round pick of the Giants back in 2010. He received the team’s franchise tag last year but later had it rescinded after he suffered a serious injury to his hand.
The two parties later renegotiated a one-year deal worth up to $8.71 million based on incentives and Giants elected to bring him back this past offseason on a one-year, $10 million contract that included $4.25 million guaranteed.
Pierre-Paul wound up playing out the 2016 season under the franchise tag.
In 2016, Pierre-Paul has appeared in 12 games and recorded 54 tackles, seven sacks, three forced fumbles, a recovery returned for a touchdown and eight pass defenses.