Giants DE Jason Pierre-Paul fails to sign extension before deadline

New York Giants defensive end Jason Pierre-Paul did not reach a long-term contract extension before Wednesday's deadline.

The deadline for franchise tagged players to sign multi-year contracts has passed without a deal for New York Giants defensive end Jason Pierre-Paul.

Players who had been franchise tagged were able to sign long-term extensions up until 4 p.m. Wednesday. With the deadline having passed, Pierre-Paul has no choice but to play out this season on a one-year deal worth $14.8 million, or sit out. The two sides cannot begin negotiating a long-term contract until after the regular season.

Pierre-Paul, 26, injured his hand in a fireworks accident on the Fourth of July which led to the amputation of his right index finger last week, as well as a skin graft and surgery to repair a fractured thumb.

A two-time Pro Bowler with 42 sacks and 286 total tackles in five NFL seasons, Pierre-Paul has yet to sign his franchise tender with the Giants. The New York Daily News reports the Giants do not intend to rescind the franchise tag.

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- Dan Gartland and Jeremy Woo