Giants Reportedly $2-3 Million Under the Salary Cap: According to The Daily News, the Giants are currently believed to be $2-3 million under the $120.6 million salary cap. This is after the re-structuring of QB Eli Manning’s contract, the release of HB Brandon Jacobs, and the additional $1.6 million in cap space given to the Giants as part of the punishment for the salary-cap infractions by the Redskins and Cowboys.

Free agency begins at 4:00PM today. For a listing of current Giants’ free agents, see our 2012 Free Agent Scorecard.

Dave Tollefson Gone?: The Star-Ledger is reporting that unrestricted free agent DE Dave Tollefson is not expected to re-sign with the Giants.

Articles on the Giants and Free Agency: