Jason Pierre-Paul returns to Giants on a one-year deal

The deal is reportedly worth $10.5 million.

By Sean Wagner-McGough

Mar 8, 2016 at 2:11 pm ET • 1 min read

Jason Pierre-Paul isn't leaving New York. He'll remain with the team that drafted him back in 2010.

As first reported by NFL Network's Ian Rapoport, Pierre-Paul and the Giants have agreed to terms on a new one-year contract. ESPN's Adam Schefter confirmed Rapoport's report and added that deal will be worth $10.5 million. Both Rapoport and Schefter noted that other teams (the Cardinals, specifically) were interested in Pierre-Paul's services.

Still, it's the Giants who won out one day before the new league year begins.

The #Giants are expected to keep Jason Pierre-Paul, source said. It's a 1-year deal. He turned down more money elsewhere.
— Ian Rapoport (@RapSheet) March 8, 2016

Giants and JPP reach agreement on a 1-year deal, as @RapSheet reported. JPP's deal worth up to $10.5 million. Arizona made late push for him
— Adam Schefter (@AdamSchefter) March 8, 2016

CBS Sports NFL Insider Jason La Canfora provided more financial details:

JPP's one-year deal for 2016 is structured more traditionally. Does not include the layered tiers of incentives from a year ago
— Jason La Canfora (@JasonLaCanfora) March 8, 2016

Shortly after the news broke, Pierre-Paul celebrated the new deal on Instagram.

I would like to thank each and every organization that reached out to my agent during this process especially the Arizona Cardinals . It was hard to decide, but me and my family decided that it's best for me to stay in New York, just being in the NFL is a privilege and I am honored. I am truly blessed to be in this position I am in today, thank you! Now with that said I have some unfinished business to take care of in New York!!! Giants FANS! Let's get to work for the 2016 season because your boy is back and I am not going anywhere! #90PowerCircle #90IsBack

A photo posted by Jason Pierre-Paul (@iamjasonpierrepaul) onMar 8, 2016 at 11:10am PST

In a shortened season due to a fireworks accident in July that cost him a chunk of his hand, Pierre-Paul recorded just one sack in eight games. But, that low number aside, Pierre-Paul still thrived as a pass-rusher. In fact, Pro Football Focus ranked him as the No. 1 free agent this offseason -- namely because of his disruptiveness. Pierre-Paul racked up 41 pressures and six batted passes in eight games.

So, that means even before the new league-year begins, perhaps the two biggest free agent names (JPP and Malik Jackson) are already off the market.