While Kenny Phillips was working on a new deal with the Eagles, the Giants were finalizing a contract with his potential replacement -- Ryan Mundy.


The Giants announced the signing of the Steelers' free agent safety on Thursday afternoon. Mundy will come in and have an immediate opportunity to compete to become Perry Fewell's third safety behind Antrel Rolle and Stevie Brown.

Mundy, 28, can play both safety positions and he fits the bill of what the Giants typically do in free agency -- he's a young cheap player who is a bit unproven and is waiting for a bigger opportunity. The Giants, limited by their salary cap situation, weren't going to give Phillips the money he was searching for.

Instead, the Giants will try to create as much competition as they can. The Giants have Rolle, Brown, Mundy, Will Hill and Tyler Sash at safety. Hill showed flashes of his athleticism and speed this past season and could continue to ascend. And then there's Terrell Thomas, who is making his way back from a third ACL injury and might be an option at safety in order to prolong his career.

The 6-foot-1, 209-pound Mundy has five career starts and has played in four playoff games with a start in the 2011 AFC Wild Card Game against Denver. He has 79 tackles and one interception in his career. He also has special teams experience. Last season, he had a career-high 27 tackles and a fumble recovery.

Well? What do you guys think of the Mundy signing after losing KP?