EAST RUTHERFORD, N.J. - After not being able to come to a long-term agreement, the New York Giants on Monday placed the franchise tag on defensive end Jason Pierre-Paul.
The move came after several weeks of rumors to that effect. Pierre-Paul can sign a franchise tender and play next year on a one-year deal for a guaranteed $14.8 million, then either enter free agency or be franchised again for a reported $17.8 million.
The tag is non-exclusive, meaning another club can arrange a deal to sign the five-year man from South Florida, giving the Giants seven days to match such an offer. Should they not, the team signing him must surrender two first-round draft picks as compensation.
The first-round pick from 2010 will account for roughly $15 million against the salary cap next season, after racking up 12.5 sacks and 77 total tackles last season.
No comments:
Post a Comment