This comes just days after the team announced that Hill had lost his appeal and will be suspended for six games for violating the NFL Policy for Substances of Abuse.
Hill, 24, has now been suspended three times in as many years, and there was talk that he could be done in New York for a few months now, so this doesn’t come as a big surprise.
He was entering the final year of his rookie contract and would have been a restricted free agent next year. The Giants will receive $570,000 in cap space following this move, according to OverTheCap.com.
Last year, Hill appeared in 12 games and totaled 77 tackles, two interceptions, two forced fumbles and a recover for the Giants.
It’s worth mentioning that Pro Football Focus had Hill rated as the No. 2 safety in league last season.