The Giants will receive the Bucs’ third-round draft choice, No. 69 overall. In addition, the teams will swap fourth-round picks, with the Giants moving down six spots from second in the round and No. 102 overall to No. 108.
The Giants now have the following picks in the 2018 NFL Draft:
- Round 1 (No. 2 overall)
- Round 2 (No. 34)
- Round 3 (No. 66)
- Round 3 (No. 69)
- Round 4 (No. 108)
- Round 5 (No. 139)
“We appreciate everything Jason has done for the Giants,” general manager Dave Gettleman said in a statement released by the Giants. “He was a fine player for us, and he helped our franchise win Super Bowl XLVI. We wish him well in the future.”
JPP Says Goodbye
Today is a bitter sweet day, I have been blessed to be part of a world class organization and fans for the last 8 years. As I look back at my career with the NY Giants, I am filled with gratitude and appreciation for each and every moment I had with NYG. As of now I'm starting a new chapter in my life as a Tampa Bay Buccaneer, I will always value the time I had here in NY CITY Thank you for the great 8 years! 90PC
Pierre-Paul has three years left on the four-year, $62 million ($40 million guaranteed) contract he signed with the Giants before the 2017 season.
The cap savings for the Giants won’t be significant in 2018 because they have to pay Pierre-Paul the remainder of the $20 million signing bonus his contract calls for. Pierre-Paul carries a $17.5 million cap hit for 2018, and the Giants will save only a small portion of that.
The Giants end up saving just $2.5M on the JPP transaction because the balance of his signing bonus ($15M) accelerates into this year's cap.— Patricia Traina (@Patricia_Traina) March 22, 2018
Pierre-Paul was the Giants’ first-round pick in 2010. In eight seasons, he had 53 sacks. He was named to the Pro Bowl in 2011 and 2012, and was named All-Pro after a 16.5-sack 2011 season.
Just talked to JPP, who said Dave Gettleman called to tell him he’d been traded to Bucs. JPP said DG told him it was “an offer they couldn’t refuse.” JPP said he is happy he’ll be closer to his son, who lives in S Florida. #NYG— Kimberly Jones (@KimJonesSports) March 22, 2018
JPP also told me: “Thank you to the Giants for the 8 years I spent there. They’re making changes; I understand that. Thank you to fans that supported me, and thanks for the great Super Bowl run that we had.” NYG— Kimberly Jones (@KimJonesSports) March 22, 2018
What does it mean?
Well, it could mean a lot.
First, it has to mean that North Carolina State defensive end Bradley Chubb is in play for the Giants with the second overall pick. Quarterback Sam Darnold is widely expected to go to the Cleveland Browns at No. 1, leaving the Giants with the choice of Chubb, running back Saquon Barkley and guard Quenton Nelson.
The odds that the Giants would choose Chubb have to rise significantly with this trade. Pierre-Paul is gone, and there is an expectation that Olivier Vernon will spend at least some time standing up as a 3-4 outside linebacker. Dalvin Tomlinson could handle one defensive end in that alignment, but the Giants don’t have a clear impact player on the other side.
Here is part of an NFL.com scouting report on Chubb:
Chubb possesses high-end physical traits, years of production and the ability to play in a variety of positions in both odd and even fronts. Chubb returned to school last year and turned areas of improvement into areas of strength. His motor and athletic ability cause him to jump off the tape snap after snap and his play attributes and production should translate quickly as a pro. Chubb should be an early pick, early starter and multi-time Pro Bowler.
This trade also helps the Giants recoup one of the two picks (a fourth- and sixth-rounder) that they traded to the Los Angeles Rams for linebacker Alec Ogletree.
It also means that the Giants now have four picks in the first 69 and five picks among the first 108 in the upcoming draft.
This also means there is not a single Giant draft pick remaining on the roster from 2008-2013. Odell Beckham Jr. is the only pick remaining from the 2014 draft class.
This move is costly in the short team, but gets the Giants much-needed cap relief for 2019 and 2020.
The Giants paid Jason Pierre-Paul $22.5M for one season under his 4 year contract before trading him to the Bucs.— Joel Corry (@corryjoel) March 22, 2018
Pierre-Paul’s cap hit for 2019 is $19.5 million and for 2020 it is $17.5 million. Thus, getting out from under that contract should give the Giants needed flexibility after this season to negotiate long-term deals with Odell Beckham Jr. and Landon Collins.
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