The Giants have officially placed the franchise tag on defensive end Jason Pierre-Paul.
The move comes as no surprise, as it’s been reported for weeks that Pierre-Paul would get the tag if he and the Giants don’t first come to an agreement on a long-term contract extension.
If Pierre-Paul wants, he can sign the franchise tender and play the 2015 season on a one-year contract with a guaranteed salary of $14.8 million. He would then either hit free agency next year or get franchised again, which would give him a 2016 salary of $17.8 million.
Pierre-Paul may think he can do better than that if he bides his time and convinces the Giants to give him a long-term deal, but one way or the other, he will remain with the Giants in 2015.