The Giants re-signed Jason Pierre-Paul to a one-year, prove-it contract on Tuesday, securing the defensive end's services for 2016 hours before the official start of free agency.

Details of the contract have now emerged, as reported by USA TODAY's Tom Pelissero. Here they are:

JPP'S 2016 DEAL:

* Base salary: $4.25 million (fully guaranteed)

* Signing bonus: $4.25 million (fully guaranteed)

* Per-game roster bonuses: $1.2 million

* Workout bonus: $300,000

* Incentives: Up to $500,000 (based on sacks)

* Total possible value: $10.5 million

* Guaranteed money: $8.5 million

Analysis: This is a low risk, high reward signing that makes a great deal of sense for the Giants. When every settles down, the Giants will most certainly have signed Pierre-Paul, even if he maxes out the contract, for below market value.

As we wrote on Tuesday, inking Pierre-Paul to this deal was a big win for Giants general manager Jerry Reese. It gives the Giants a full season to further evaluate Pierre-Paul, and see what kind of player he can a year removed from his Fourth of July fireworks accident and, they hope, without the cumbersome club on his right hand.

If Pierre-Paul bounces back and has a big season? He's already made it clear he wants to be with the Giants, and they will have the inside track on signing him to a more substantial deal. They will also have the franchise tag in their back pocket. And if Pierre-Paul does not progress to the point the Giants are betting on, they can easily move on.

TALK IS CHEAP, Ep. 44: Mega Giants free agency preview

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James Kratch can be reached at jkratch@njadvancemedia.com or by leaving a note in the comments below. Follow him on Twitter @JamesKratch. Find and like NJ.com Giants on Facebook.