Source: Giants sign Olivier Vernon for five years, $85 million

The Giants signed free-agent defensive end Olivier Vernon after the Dolphins pulled his transition tag offer.

The Giants signed free-agent defensive end Olivier Vernon after the Dolphins pulled his transition tag offer, The MMQB’s Peter King reports.

The deal is worth $85 million over five years with $52.5 million guaranteed.

Vernon’s agent confirmed that the two sides reached an agreement and the Giants announced Thursday that Vernon signed his contract.

Vernon, 25, has played every game for Miami since he was selected in the third round of the 2012 draft. In four seasons, he has recorded 29 sacks and 196 tackles. Vernon is a Miami native and played his college football at the University of Miami. 

The transition tag would have allowed the Dolphins to match any offer made to Vernon.

The Giants re-signed Jason Pierre-Paul to a one-year contract earlier this week. Robert Ayers, who led the team in sacks last season, is a free agent. 

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The Giants recorded 23 sacks as a team last season, the third-fewest in the NFL.