Giants Reportedly Withdraw $60M Offer To Jason Pierre-Paul

Update:

A source tells Ralph Vacchiano of the New York Daily News that there’s “no chance” of the Giants signing franchise DE Jason Pierre-Paul to a long-term contract before the July 15 deadline.

Vacchiano confirms that the Giants have pulled their offer to Pierre-Paul and there likely won’t be any talks between the two parties over the next week and a half.

The Giants reportedly had expressed some concern regarding Pierre-Paul’s back issues, and indications were that they would likely allow JPP to play out the season under the franchise tag.

Vacchiano adds that the Giants are not currently considering rescinding the franchise tag. However, Vacchiano admits that their position could change depending on the severity of Pierre-Paul’s injuries.

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Ian Rapoport of NFL Media reports that the Giants have withdrawn a long-term contract offer worth around $60 million to franchise DE Jason Pierre-Paul following his recent fireworks accident.

• According to Rapoport, the Giants do not believe a long-term offer is in the best interest of both parties at this point.
• Rapoport adds that JPP is set to play out the 2015 season under the franchise tag.
• For what it’s worth, Pierre-Paul was unlikely to accept the Giants’ contract offer, per Rapoport.
• Kimberly Jones reports that $30 million of this offer would have been guaranteed.

Jordan Raanan reported Monday morning Pierre-Paul remains at Jackson Memorial Hospital in Miami as of Monday morning with his family.

Raanan adds that there’s currently no further update regarding his status, but the fact that he’s still in the hospital 36 hours after the incident occurred is an indication that this isn’t minor injury.

Pierre-Paul reportedly has burns on his palm and three of his fingers. Doctors were still checking his fingers as of Sunday night for nerve damage, but he, thankfully, didn’t lose any digits from the fireworks accident.

Pierre-Paul, 26, played out his five-year, $20.05 million rookie contract that included $11,629,807 million guaranteed.

The Giants wound up using their franchise tag on Pierre-Paul back in early March, which will pay him a fully guaranteed salary of $14.813 million for the 2015 season.

Jason Fitzgerald points out that the Giants could still pull the franchise tag at any time, which would make Pierre-Paul a free agent immediately.

In 2014, 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’ll have more regarding Pierre-Paul and his injury as the news is available.