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Giants Franchise DE Jason Pierre-Paul

Rand Getlin of Yahoo Sports reports that the New York Giants have placed their franchise tag on DE Jason Pierre-Paul.

ESPN’s Adam Schefter previously reported that the Giants were prepared to use the designation on Pierre-Paul if they couldn’t reach an agreement on a long-term deal.

This is a big commitment from the Giants as it will cost them $14.813 million fully guaranteed for the 2015 season. Although, it will also New York more time to work out a long-term extension with the defensive end and reduce his 2015 cap figure in the process.

Pierre-Paul, 25, played out his five-year, $20.05 million rookie contract that included $11,629,807 million guaranteed.

This season, Pierre-Paul recorded 77 tackles, 12.5 sacks, three forced fumbles and a recovery over the course of 16 games. Pro Football Focus has him rated as the No. 7 defensive end in a 4-3 system out of 59 qualifying players.

We had him rated as the No. 8 player in our Top 100 Free Agents list.