Friday morning, multiple reports surfaced pertaining to the New York Giants’ making three separate signings. At this point in free agency, three moves by the Giants in one morning makes for a hectic day.
The team started by extending their franchise pass rusher, Jason Pierre-Paul, with a four-year deal, while also signing two backup quarterbacks. Overall, the team locked up an important player on their defense and brought in competition for the backup quarterback position.
After his Fourth of July fireworks accident, the Giants rescinded their four-year contract, for roughly $60 million to JPP. At the time, it seemed that Pierre-Paul would never get his megadeal, in fact he would be lucky to ever play competitive football again.
On Friday it all came full circle for JPP, who often used the phrase 90 power circle as motivation for his comeback, when he landed a four-year deal with the Giants for a reported $62 million. This deal not only extended the team’s franchise defensive end, but also significantly lowered his cap number for the impending season.
After a spending spree in last year’s free agency period, the Giants were more strapped for cash this offseason after they committed nearly half of their cap space to JPP with the franchise tag. He was slated to account for roughly $17 million in cap space this season, but this new contract will now lower his base salary to $2.5 million for 2017.
He will earn a $20 million signing bonus this year according to Spotrac, however his lowered base salary will save the Giants nearly $9.5 million in cap space. This is significant, because the defense still has holes up the middle due to the expiration of Johnathan Hankin’s and Keenan Robinson’s contracts.
This newly acquired cap space will now allow the team to either pursue both free agents, or look elsewhere to fill those important holes. The extension of JPP shows that the team is all in on winning with Eli Manning before his career comes to a close.
The Friday reports claim that the Giants signed veteran Josh Johnson to a two-year contract, and are also expected to sign former New York Jet Geno Smith. Johnson seems to be the primary backup at this time, but Smith will have a chance to battle for that spot in camp this August.
Smith is a former second round pick, and it is rumored that the Giants really like his potential and ability to become Eli Manning’s successor. This is evidenced by the fact that they offered him a deal even though he is still recovering from a torn ACL, which he suffered last season in his first start since 2014 against the Baltimore Ravens.
Overall, it was a productive day for the Giants organization, adding three players to the roster. They now have more cap space to work with, while also guaranteeing that one of their top defensive players will be with the team for years to come.
If you would like to receive an email each time a new New York Giants article is published, fill out our email notification form.