The Giants have agreed with DE Jason Pierre-Paul on a four-year deal, a source confirmed to SNY's Ralph Vacchiano.
The deal has a base of $62 million and can be worth up to $66 million, according to Vacchiano. $40 million is guaranteed.
The Giants placed the nearly $17 million franchise tag on Pierre-Paul earlier this offseason, but did so with the hope that they'd be able to reach a long-term deal before the deadline, Vacchiano reported on March 3.
"We're going to create history," Pierre-Paul said in a statement released by the team. "We made it to the playoffs, but unfortunately I wasn't there to play. But I'm looking to get back to the playoffs this year with that great defensive line that we have, and the great defense that coach Spags (coordinator Steve Spagnuolo) is going to put out there."
Pierre-Paul, 28, had seven sacks, three forced fumbles, and 53 tackles in 12 games last season.
He missed the first half of the 2015 season after a fireworks accident resulted in the loss of parts of multiple fingers on his right hand.
Pierre-Paul has 50 sacks during his seven-year career with the Giants.
First and foremost, I would like to thank God for all my blessings because I know without him nothing is possible, thank you Lord. I also want to thank all the people that are closest to me and that support me, even if I wasn't playing football. You know who you are. I don't have to say any names because you KNOW WHO YOU ARE! I would like to thank Mr. Mara and Mr. Tisch for their commitment and belief in me. I look forward to helping you guys get back to the SB soon. I would like to thank the rest of the NY Giants organization for trusting in me for another 4yrs and to be part of this great franchise. S/O to all my fans that's �� with yah boy. That's all I have to say and let's go get them "D" #90PowerCircle #nygiants #onceagiantalwaysagiant #its-Hanks-turn S/O to @nyg_teamphotographer for always being there to take great pictures for me.