Too many Cowboys cork soakers trying to diminish getting a high 3rd round pick for JPP (and they move down like 6 spots in the 4th). It sounds like a par deal. Market rate for an almost 30 year old with injury issues, and he is not getting "better" with age (also a hefty contract).
Watch him when he was younger and healthier along with two good hands. Or simply look at how his stats have generally declined when comparing his production when active.
This just spells the end of the Eli era for the Giants FO. They are already admitting that they will not be competing for a Super Bowl this season and likely next season. Get what you can and get younger cheaper players to build the roster. It's not some genius move. It's just solid and most of all an HONEST self assessment. They know that just making the playoffs is not the goal, so why try for a shade over mediocre. May as well properly tank for a bit to use premium picks on blue chip talent.