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Jason Pierre-Paul contract update: Giants reportedly withdraw $60M offer

The Saga of JPP rolls on...

Brad Penner-USA TODAY Sports

More details regarding Jason Pierre-Paul's injury, and the New York Giants' response to it are trickling in.

According to NFL Network insider Ian Rapaport, the Giants have withdrawn a $60 million contract offer ($30 million guaranteed) they had on the table.

While the Giants are reportedly "pleased" with the current prognosis for JPP's injury, as of the last reports, he is still being examined by doctors to determine the extent of the damage and if there is any nerve damage. More importantly from a contract standpoint, the Giants are reportedly concerned about the timing of the incident and the lack of judgment displayed by JPP.

What does this mean? Well for starters, that we all have to wait for still more details to come out.

But from a practical standpoint, maybe not much. Pierre-Paul likely wanted more guaranteed money than the Giants were offering, and was content to play out the 2015 season under the franchise tag.

The Giants are likely doing their due diligence and making sure of the timeline regarding JPP's recoery, and probably want to have a good, long, talk with him. It is possible that they are in the process of reworking the current deal to account for any potential time lost. It is also completely possible that the Giants could put that deal, or something similar, back on the table.

This is a nightmare scenario for any player under the franchise tag. They have no long-term security, and because the injury occurred off the football field, they are not eligible for the IR or PUP list. That means the franchise tag money is not guaranteed, and the amount can be reduced by the Giants if Pierre-Paul goes on the Non-Football Injury list. So it is also possible that this incident could convince JPP to make his contract demands more flexible.

As always, stay tuned for more updates as we get them