New York Giants Training Camp: Osi Umenyiora Elects To Have Knee Surgery

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New York Giants Defensive End Osi Umenyiora To Have Knee Surgery

-- See Big Blue View for complete discussion and analysis

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NFL Free Agency 2011: Deon Grant Returns To Giants

Deon Grant is back with the New York Giants. It is a move that is hardly the magnitude of some of the free-agent signings by the Philadelphia Eagles or even the New York Jets. It is, however, a signficant one for the Giants.

Grant, 32, was a key member of the team’s defense in 2010. He played a hybrid linebacker/safety position in a three-safety package often used by defensive coordinator Perry Fewell. He finished with three interceptions, 10 passes defensed and 72 tackles.

Without Grant, the Giants had been using cornerback Terrell Thomas in that role with Aaron Ross taking over on the outside in nickel and dime defenses. Grant, an 11-year veteran, also provides the Giants with experienced depth at safety behind starters Antrel Rolle and Kenny Phillips. The Giants had been using rookie sixth-round draft pick Tyler Sash as their third safety.

Safety Cary Harris was released to make room for Grant.

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NFL Free Agency 2011: Steve Smith Leaves Giants For Eagles

Wide receiver Steve Smith stunned the New York Giants today, signing a free-agent contract with the Philadelphia Eagles. Smith, who set the Giants' all-time single season receptions record with 107 in 2009, had been expected to return to the Giants when he healed from microfracture knee surgery.

Instead, he landed with the NFC East rival Eagles on a one-year deal reported to be worth $4.2 million, with a $2 million guarantee.

Smith, an avid social media user, took quickly to his Facebook page, saying "This was obviously not an easy decision for me or something i ever expected but unfortunately the business aspect proved that the eagles wanted me to be part of their organization MUCH more than the Giants did."

Smith had 220 receptions in his four years with the Giants. He joins an Eagles team that has already added Nnamdi Asomugha, Jason Babin, Cullen Jenkins, Ronnie Brown, Vince Young and Dominque Rodgers-Cromartie since the NFL Lockout ended.

Smith apparently told reporters he did not believe the Giants could match the $2 million guarantee. After Smith was checked out by Giants team doctors earlier this week there also appears to be some disagreement over how soon Smith, who is not expected to be ready when the season begins, will actually be able to play.

Asked about Smith Wednesday morning, Giants coach Tom Coughlin said, "It's going to be a long haul for him," and, "He's got a ways to go."In Smith's mind, he continues to feel that it "Could be Week 1."

The Eagles are, of course, thrilled to have stolen Smith from the Giants.

"Like I've said many times before, Howie Roseman and I are always keeping our eyes open for good football players and players that we think can help our football team win," said head coach Andy Reid. "And Steve Smith certainly fits that category. He's a Pro Bowl quality receiver that we will work into our offense as soon as he is ready to go. We feel very good about our current group of receivers and Steve adds another dimension to that position. He's played very well against us in the past few years and we're happy to have him on board."

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Corey Webster, Antrel Rolle Re-Structure Contracts

The New York Giants had salary cap issues once the NFL Lockout ended and the season began. The Giants slashed some salary with a couple of roster moves and by res-structuring Brandon Jacobs’ contract.

They have now also re-structured the contracts of Antrel Rolle and Corey Webster.

Per ESPN:

Webster was slated to make $8 million but that number has been reduced to $5 million this season in base salary. Rolle also has a base number of $1.25 million compared to the $5.25 million he was scheduled to make originally.

Both players reportedly will make up the difference in a signing bonus to help the Giants’ cap situation according to the New York Daily News.

This sounds like a win-win. The players get the same amount of money, just $7 million less counts against the salary cap.

Maybe they will use some of that money to try and come to an agreement with unhappy defensive end Osi Umenyiora.

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