Writers of Pro Football Prospectus 2008

22 Mar 2018

Giants Trade Pierre-Paul to Tampa Bay

The Tampa Bay Buccaneers may have finally found the pass-rusher they have been searching for for several years.

The Bucs are trading the 69th and 108th picks in this year's draft to the New York Giants in exchange for veteran defensive end Jason Pierre-Paul and the 102nd pick.

Last offseason, Pierre-Paul signed an extension with New York that was scheduled to pay him $62 million over four years. He will cost New York $15 million in dead money this year, but the trade will save them $2.5 million in cap space.

Pierre-Paul peaked with 16.5 sacks in his second season in 2011. He has collected 37.5 sacks in the six seasons since -- just over six per year -- but he should still be an upgrade at edge rusher for the Buccaneers. Pierre-Paul had 8.5 sacks last season, more than any Tampa Bay defensive end since Michael Bennett in 2012.

Posted by: Vincent Verhei on 22 Mar 2018

20 comments, Last at 29 Mar 2018, 10:00am by Ryan D.


by jtr :: Thu, 03/22/2018 - 2:49pm

Posted in the free agency thread, copy-paste here to avoid it being buried:

Good move for the Bucs, that's a pretty light price to pay at a position of great need. Pierre-Paul is coming off a productive season with 8.5 sacks and was top 25 in the league in pressures. Not really sure why the Giants felt the need to pull the trigger (or light the fuse) on this one. It clears some cap space, but it's too late to spend that money. Has Dave Gettleman suddenly lost his taste for defensive linemen?

by JoeyHarringtonsPiano :: Fri, 03/23/2018 - 3:43pm

"..or light the fuse"

Nicely done.

by theslothook :: Thu, 03/22/2018 - 3:06pm

For such a low pay, I dont get why the Giants are doing this. Its not like they need to clear cap and Pierre Paul is a good player, albeit one who is overpaid. For Tampa, its basically a rental for a team thats trying to make the playoffs. Good move overall by them.

by Hoodie_Sleeves :: Thu, 03/22/2018 - 10:45pm

They won 3 games this year, need a new quarterback, an offensive line, and they share a division with a team that just won a superbowl with their backup quarterback.

They need a rebuild, and JPP's prime will be over soon - so they're getting some picks for him and moving forward.

by Dan :: Thu, 03/22/2018 - 3:43pm

The money/cap implications of these deals tend to get reported in a weird way.

The most important dollar amount here is $12.5M, which is the amount of new money that JPP is owed this year. This season Tampa will pay JPP $12.5M, and that'll be his cap hit for TB; NYG saves that amount and avoids that cap hit.

Tampa also has options to keep him in 2019 for $14.5M and in 2020 for $12.5M.

For NYG, $10M in cap hit from 2019-20 has been accelerated and will count against the cap this season instead. If they'd kept JPP the cap hit from his signing bonus would've been $5M each in 2018, 2019, and 2020; instead all $15M hits in 2018. But this is less important - it's just a shift in timing, and if they wanted to the Giants could counteract it by restructuring Janoris Jenkins' deal.

A lot of summaries (including Vincent's here) highlight the $2.5M number, which you get by taking the $12.5M in new money which NYG has saved (which now they will never pay out or count towards their cap) and subtracting the $10M in reshuffled cap hit (which has been moved from their 2019-20 cap to their 2018 cap). But those two numbers refer to different things so subtracting them gives you a number that isn't that relevant for most decision-making.

by bubqr :: Thu, 03/22/2018 - 4:18pm

Thanks for those details - very appreciated.

As a whole I see that as a win-win: Giants aren't contenders soon, gets a draft pick, Bucs needed edge rushing help and JPP/Curry helps.

by The Ninjalectual :: Thu, 03/22/2018 - 6:04pm

Couldn't NYG have accelerated the $10M in cap hits to this year without trading him? That seems to be the only meaningful part here. Unless an NFL owner doesn't have the cash to pay a $12.5M salary? And if one didn't, wouldn't it be the Glazers?

by Hoodie_Sleeves :: Thu, 03/22/2018 - 10:48pm

But why would they? They're not going to be competitive during his contract - moving his money around doesn't get them anything. They need young talent that will be ready to play at a high level in 2 years when whatever QB they draft should be ready.

Revenue sharing basically covers all of the NFL cap - there aren't any owners who "can't afford to pay salary"

by MarkV :: Fri, 03/23/2018 - 8:34am

There is no readily available mechanism to do this. It's easy to defer cap charges, and almost impossible to accelerate them without losing the player. They could hypothetically renegotiate his deal to shift future salary into a current roster bonus, which would move contract charge into this season, but it has lots of other implications

by The Ninjalectual :: Fri, 03/23/2018 - 4:15pm

@Mark right, thank you, I see where I was confused now

@Hoodie I don't understand why they wanted to do it this year, but they did, so I assumed it was desirable to do for some reason I wasn't seeing.

Do the Giants have some youngster at the position they want to play more?

by Hoodie_Sleeves :: Sat, 03/24/2018 - 8:56pm

The earlier they trade him, the more they'll get back.

There's no value for them holding on to him. They're not going to be good enough where the difference between him and a replacement level player helps them.

by MilkmanDanimal :: Fri, 03/23/2018 - 9:26am

I at first thought maybe I wasn't happy they spent a third to pick him up, and then I looked at Tampa's draft history; outside of last year (Kendell Beckwith and Chris Godwin), they either suck with third-round picks or trade them so they can move up and take a kicker. So, you know, the bar is set low.

Anybody want to trade a corner? A solid CB plus drafting Minkah Fitzpatrick and maybe the defense isn't terrible?

by LondonMonarch :: Fri, 03/23/2018 - 9:29am

Odd deal for the Bucs.

Salary-wise $12.5m is not crazy money but probably on the high end.

Why are you handing over a 3rd-rounder for the privilege of paying JPP that much, with little future value (29yo and visibly on the decline)?

by MilkmanDanimal :: Fri, 03/23/2018 - 1:33pm

JPP was genuinely good last year; 8.5 sacks and loads of pressures. Sure, some of that comes from having Vernon as well so they couldn't just focus on him, but the Bucs at least have McCoy. Salary-wise, the Bucs have loads of room, and they don't really have any cap concerns for two years until they re-up Winston to some eventual ridiculous deal. It's a team where the offense has enough bits to be genuinely good, and the defense is a dumpster fire. So, a 3rd makes sense to me here; Tampa improves at a position of need, and, if it's for two quality years, it's worth the cost.

Also it's only 12 slots past the point to where Tampa drafted a kicker so I'm really grading on a curve here for value.

by Raiderjoe :: Fri, 03/23/2018 - 10:38am

food trqade for Gaints it seems. new sheriff in town. wants to get rid of some hefty contratcs partially because odell belchum jr's contract issue coming uop

by jtr :: Fri, 03/23/2018 - 10:47am

So this marks pretty definitively that the Giants are in rebuild mode. And there's no sense in rebuilding around an expensive 37-year-old QB whose peak was only ever a little bit above league average. I think this makes it pretty clear that they're going to be taking a QB at #2.

Looks like we can expect 3 QBs in the top 3 picks, and maybe 4 in the top 5 if the Broncos are smart enough to realize that two years of Case Keenum is not much of a long- or medium-term plan at QB. Which means that Buffalo won't have much in terms of prospects left when they pick at #12. They probably need to send Cleveland a huge offer for pick #4 in order to leapfrog the Broncos and make sure the cupboard isn't bare by the time it's their turn.

by The Ninjalectual :: Fri, 03/23/2018 - 4:10pm

But they can ask Eli to "teach" the next QB, even though that's unrelated to his skillset, experience, and personal interest. I'm sure it'll work out!

by Raiderjoe :: Tue, 03/27/2018 - 11:03am

eli maning will nto be teaching. nopt that type of qb. only active one I can think of like that is josh mccown,. future coach and has openly talked about wanting to mentor younger teammatets at qb position.

by LondonMonarch :: Mon, 03/26/2018 - 5:54am

So they are paying Jonathan Stewart and Eli Manning why... ?

by Ryan D. :: Thu, 03/29/2018 - 10:00am

So Gettleman can prove that he isn't the cold heartless bastard with zero loyalty to his players, as he was described by Steve Smith and Deangelo Williams when they were cut in Carolina. Signing Stewart almost looks like overcorrecting to show player loyalty.