The Giants re-signed Terrell Thomas before free agency begins at 4 p.m. and also created some more cap space by restructuring David Baas' deal.

The Giants were under the $120.6 million salary cap but they added more space by restructuring Baas' deal from $3 million to $900,000 for this season. The difference is likely converted into a bonus for Baas according to the New York Daily News. The move also reportedly will create $1.575 million in cap space.

Below is an constantly updated list of their own free agents and free agents signed from elsewhere:

Exclusive rights free agents:
TE Jake Ballard -- Re-signed
TE Bear Pascoe -- Will return.

Restricted free agents:
CB Bruce Johnson -- Re-signed

Unrestricted free agents:
CB Will Blackmon -- Saw some time on special teams as a returner but Giants need to upgrade at returner. Coaching staff likes Blackmon.
CB Michael Coe -- Re-signed.
CB Aaron Ross -- Ross visited Bengals and the Redskins. Could be the next Giant to leave.
CB Terrell Thomas -- Re-signed.
CB Justin Tryon -- Re-signed.
DE Dave Tollefson -- Popular member of the team and provided great depth but likely could get more on market than Giants willing to offer.
DT Rocky Bernard -- Giants brought him back last year on the cheap and could again this year.
DT Jimmy Kennedy -- Largely inactive most of last season.
LB Chase Blackburn -- Huge addition late in the season. Can the Giants bring him back on the cheap? Giants have had some discussions with the linebacker.
LB Jonathan Goff -- Giants want the MLB, who is coming off an ACL injury. Hard seeing him not returning but then again same could be said about Steve Smith and Kevin Boss last year.
OT Stacy Andrews -- His brother, Shawn, tweeted that Andrews is healthy after a blood-clot scare that landed him in IR. Giants liked him as extra blocker when healthy.
OT Kareem McKenzie -- Long-time RT expected to move on in free agency. David Diehl says he will play LT or RT if needed.
OT Tony Ugoh -- Filled in for Andrews as extra blocker.
P Steve Weatherford -- Re-signed for five years and $12.75 million according to ProFootballTalk.com.
S Deon Grant -- Loved by teammates and Perry Fewell's third safety. Giants did sign backup safety Chris Horton.
S Derrick Martin -- Provided team with much-needed depth but Thomas, Coe, Tryon and Johnson were re-signed and team added Horton.
QB David Carr -- Re-signed with the Giants according to Newark Star-Ledger.
WR Michael Clayton -- Veteran contributed on special teams before landing on IR with injury.
WR Domenik Hixon -- Re-signed.
WR Mario Manningham -- Signed a two-year deal with San Francisco.
WR Devin Thomas -- Came up big on special teams in the NFC Championship. ESPN Dallas reports Cowboys may be interested.

FREE AGENT SIGNINGS:
S Chris Horton -- Signs a one-year minimum deal, adds depth.
TE Martellus Bennett -- Wants to prove what he can do as a starter.
T Joel Reinders --He is 6-8 and 317 pounds, was in camp with Cleveland in 2010. Started out as a basketball player at the University of Waterloo in Canada.
TE Larry Donnell -- The 6-6, 269-pound tight end had 38 catches for 432 yards and 11 touchdowns at Grambling State from 2007-10.