3:45pm: It’s a “real” $10MM deal with a chance for JPP to make $10.5MM, Ian Rapoport of NFL.com tweets. The Cardinals, he adds, offered “much more.”
1:23pm: Pierre-Paul has confirmed, via Instagram, that he will be returning to the Giants, though he made a note to specifically thank the Cardinals for their interest. Mike Garafolo of FOX Sports tweets that a source close to JPP was surprised the defensive end decided to return to New York, which suggests that another team – probably Arizona – made him a more lucrative offer.
12:46pm: It’s a one-year deal worth up to $10.5MM, per Adam Schefter of ESPN.com (Twitter link). He adds that the Cardinals made a late push for Pierre-Paul’s services.
12:39pm: The Giants are expected to keep Jason Pierre-Paul, per Ian Rapoport of NFL.com (on Twitter). JPP will sign a one-year deal with Big Blue, per Rapoport, and he apparently turned down more money elsewhere to stay put in the Meadowlands. 
Other possible suitors were reportedly “hesitant” to offer Pierre-Paul a long-term pact, giving the Giants some optimism that they could get a deal done. They’ve done just that today, though the financial terms of the deal are not yet known.
Pierre-Paul has been one of Big Blue’s fiercest defenders since they drafted him 15th overall in 2010. The 27-year-old end totaled 42 sacks from 2010-14, including a career-high 16.5 during the Giants’ Super Bowl-winning campaign in 2011. However, his career took a terrible turn last summer when he lost his right index finger thanks to a July 4 fireworks accident.
Pierre-Paul returned to the field in November and ended up appearing in eight games, registering 26 tackles and a personal-low one sack. Despite his statistical decline, Pro Football Focus (subscription required) still ranked Pierre-Paul a solid 30th out of 91 qualifying edge rushers. The site remained impressed with his pass-rushing ability, though it gave him a poor grade against the run. He clearly disagrees in regards to the latter, having stated in December that, “I think I play the run better than I play the pass.”
JPP ranked No. 7 on Luke Adams’ list of Top 50 NFL Free Agents.
Photo courtesy of USA Today Sports Images.
JPP, all power to you. You’re still a scary man to any offense.