Giants Officially Sign Jason Pierre-Paul To A One-Year Contract

Update:

The New York Giants announced that they have officially signed DE Jason Pierre-Paul to a one-year deal.

Jason Pierre-Paul Rejoins Giants! READ: https://t.co/ogn6bevClF pic.twitter.com/9M4QBz1Ux3

— New York Giants (@Giants) October 27, 2015

“We all are excited to see Jason,” said GM Jerry Reese, via the Giants official site. “He has worked very hard to get himself back into position to join the team and work toward getting on the playing field on Sundays.”

Adam Schefter adds that the Giants have in fact been granted a two-game roster exemption for Pierre-Paul. During that time, he will be able to practice with the team.

Dan Graziano of ESPN confirms that Pierre-Paul will have an incentive based contract, and should be eligible to play as early as Week 10.

More information regarding Pierre-Pauls contract will be provided when the news is available.

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Ian Rapoport reports that DE Jason Pierre-Paul has agreed to a one-year deal with the Giants, and will be signed by tonight.

Rapoport adds that the Giants will ask for a two-week roster exemption for Pierre-Paul.

We will provide the contract details when the news becomes available.

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Mike Garafolo of FOX Sports reports that DE Jason Pierre-Paul is on the verge of signing a contract with the Giants, and while there are still details to be worked out, the expectation is that the agreement will be completed today.

Garafolo adds that the Giants are insisting on a a contract that will reduce the roughly $870,000-per-week rate Pierre-Paul would have made under the franchise tender they gave  back in February. Beyond that, the deal will include incentives for performance to allow Pierre-Paul to recoup some of the money he’ll end up losing out on.

Once a deal is in place, Garafolo mentions that Pierre-Paul will begin an evaluation process to determine the kind of shape he’s in. But a source tells Garafolo that the Giants are hoping he’ll spend this week getting into shape before returning to practice next week and preparing for a Week 10 return.

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Ian Rapoport of NFL Media reports that the Giants are comfortable with where DE Jason Pierre-Paul is physically after he undergoing a physical for the team.

According to Rapoport, the two sides are currently negotiating a one-year contract, and as long as they can get the numbers of this agreement worked out, Pierre-Paul is expected to sign today.

New York would receive a roster exemption for him to practice.

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Dan Graziano of ESPN reports that the Giants and DE Jason Pierre-Paul are discussing an “incentive-heavy” one-year contract.

According to Graziano, there’s more optimism now than before regarding Pierre-Paul returning to the team, but there are still several issues that need to be worked out.

If the two sides can’t reach an agreement on a one-year deal, Graziano mentions that the Giants would likely rescind the franchise tender, which would make Pierre-Paul an unrestricted free agent.

Sources have told Graziano that the situation could be resolved one way or the other on Tuesday.

• Jordan Raanan of NJ.com reported earlier in the day that there’s there is “optimism” this time around that Pierre-Paul will be able to play this season.
• ESPN’s Adam Schefter reported last night that JPP met with GM Jerry Reese, HC Tom Coughlin, and DL coach Robert Nunn on Monday.
• According to Schefter, the Giants made it clear that they want him back with the team.

As of now, there’s no word regarding Pierre-Paul taking a physical for the team, which could be an issue given the damage JPP sustained to his hand a few months ago.

New York wound up placing JPP on the reserve/franchise player list a few months ago. It’s worth mentioning that while he’s on this list, JPP won’t count against the team’s 53-man roster until he’s activated.

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

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 the Giants as the news is available.