Terrell Thomas is back in Blue for at least another season with a great deal done by Jerry Reese and the NY Giants Front Office. The headline will read: Terrell Thomas signs four-year $28 million dollar deal to remain with the Giants.

via assets.sbnation.com

When you break it down per league sources it’s a one-year contract worth $2 million, with the remaining $26 million hinging on whether he plays well enough in 2012 to justify the team picking up the option. The $11 million dollar guaranteed option is actually a non-guaranteed $11 million dollar option bonus.

He gets a $1 million dollar signing bonus and a $1 million dollar base salary. He also has another $1 million in roster bonuses tied being available for games, and 1.75 million in playing-time incentives, which begin to kick in if Thomas participates in 40 percent of the snaps per PFT.

So the Giants get T2 hopefully returning healthy at the start of the regular season and he gets paid a few million for this year. If he gets back to his old ways of becoming a dominant young corner even after 2 ACL surgeries on the same knee the Giants will keep him around after this next season and the real money kicks in then.

With only Corey Webster and Prince Amukamara under contract until now this makes a lot of sense to not let him last on the market for too long. With the Giants also re-signing Justin Tryon and Michael Coe that solidifies depth at the cornerback position. Aaron Ross is visiting the Cincinnati Bengals right now and we will probably lose him via free agency. The Terrell Thomas signing definitely softens that blow of potentially losing Aaron Ross who isn't an elite corner but has been serviceable for us over the years. It's a nice way to start the Free Agency Period by taking care of our own.