Excerpt: "Teams can begin free-agent negotiations this weekend, and the New York Giants have been busy carving out cap space to retain some of their key players and perhaps sign some veterans.

General manager Jerry Reese cleared some more cap space this week, with cornerbackCorey Webster agreeing to a pay cut and center David Baas restructuring his contract. The Giants now reportedly have $8 million to $9 million in cap space, and they still might do more maneuvering before free agents are allowed to officially sign Tuesday.
"We have to wait and see," head coach Tom Coughlin said when asked if the Giants will do more in free agency besides trying to keep some players. "It is all cap-driven."

The Giants plowed a chunk of cap space when they released veterans Ahmad Bradshaw, Chris Canty andMichael Boley in early February. Those cuts helped the Giants take care of their biggest free-agent priority,Will Beatty. The team locked up their left tackle to a five-year deal worth as much as $38.75 million before Beatty could hit the open market.

But they still have holes to fill. Left guard Kevin Boothe and tight end Martellus Bennett are two of the top free-agent priorities for Reese. Both could first see what they can command on the free-agent market.
And then there's restricted free agent Victor Cruz. Both sides want to work out an extension, but the situation appears heading toward the Giants tendering Cruz with a first-round tender that would allow the team time to work out a deal later." Read more...