Molden, who enters his fifth NFL season, has agreed to terms with the New York Giants, according to a source. On Twitter, Molden wrote, "Glad to be a Giant."
The 27-year-old Molden appeared in all 19 games for the Patriots last season (including playoffs), and registered two starts after the club claimed him on waivers from the Houston Texans on Sept. 1, 2011. He had two interceptions and amassed 28 tackles, his primary role to come on the field in sub packages. He had a significant role in Super Bowl XLVI against the Giants, playing 25 defensive snaps.
Molden (6 feet 1, 198 pounds), who in addition to the Giants had visited with the Seattle Seahawks in free agency, was a contributor on special teams over the course of the season with 11 tackles.
He entered the league as a third-round draft choice of the Texans out of Eastern Kentucky.