- Dan Graziano reports that the Giants will release veteran S Brandon Meriweather to make room for Cofield.
Cofield, 31, had another two years remaining on his six-year, $36 million contract when the Redskins cut him loose in a move that created $4,122,500 in available cap space.
Cofield admitted a few months back that he unfortunately had a setback in recovery earlier in the year, which forced him to undergo a second procedure.
The Giants brought Cofield in a for a workout a few weeks, but waited until now before signing him. He also worked out for the Colts in recent months.
In 2014, Cofield recorded seven tackles and a sack over the course of eight games. Pro Football Focus has him rated as the No. 68 defensive tackle in the league out of 81 qualifying players.
Meriweather, 31, signed a one-year, $870,000 contract with the Giants after they sustained some injuries at safety.
This season, Meriweather has appeared in 11 games and recorded 53 tackles, two interceptions and seven pass defenses for the Giants. Pro Football Focus has him rated as the No. 79 safety out of 86 qualifying players.