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.

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

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

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.

Jason Pierre-Paul will return to the Giants. (USATSI)