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Source: Giants to franchise tag DE Jason Pierre-Paul

The New York Giants will place the franchise tag on defensive end Jason Pierre-Paul by Monday's 4 p.m. ET deadline, a league source told Yahoo Sports.

(Getty Images)
(Getty Images)

With the league's salary cap rising to about $143 million per team on Monday, if Pierre-Paul signs the tender, the Giants will pay him nearly $14.78 million for the 2015 season.

Pierre-Paul had 12.5 sacks last season, his fifth year with the Giants since they drafted him in the first round in 2010. It was a nice rebound from the previous season in which he had only two sacks and missed five games.