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Yes, the Giants called about Kam Chancellor; don't get excited

The price for the Giants to acquire Seahawks safety Kam Chancellor is simply too high. AP Photo/Gregory Payan

One of the buzzier New York Giants stories of cut-down day Saturday was the news that they had reached out to the Seattle Seahawks to see what it would take to trade for disgruntled safety Kam Chancellor. This is true. The Giants did make that call. The Giants desperately need help at safety, and with Chancellor holding out with three years left on his deal, a source tells me the Giants did call to see whether Seattle would move him and for what.

Chancellor is a 27-year-old Pro Bowler and Super Bowl champion who would instantly be the Giants' best safety by a wide margin. So the fact that they reached out makes sense. The Giants are likely to add a veteran safety or two in the coming days, either by trade, via waivers or through free agency. Their current group of safeties -- Landon Collins, Brandon Meriweather, Stevie Brown and Cooper Taylor -- is loaded with question marks.

I just wouldn't get too excited, if I were a Giants fan, about the possibility of Chancellor, and for a couple of reasons.

First, I've been talking to people about Chancellor for weeks now as part of my national reporting duties for NFL Insiders, and everything I've been told is that the Seahawks don't plan to appease Chancellor by trading him or altering his contract. He's underpaid, relative to his production, at $7 million per year. But the Seahawks recognize that if they give Chancellor what he wants, every player they have who doesn't like his contract is going to expect them to do the same for him. The Seahawks don't want to establish a harmful precedent of tearing up contracts with three years left on them.

Second, he'd cost a lot to acquire. Because the Seahawks (who traded for a safety Saturday in an effort to improve their depth and leverage) are willing to wait for Chancellor to crack, they're not going to unload him for nothing. This would cost two good picks, including a first-rounder. And as good as Chancellor is, I don't believe the Giants are at a point in their franchise history where it makes sense to be trading away high picks. Let's just say they're not Kam Chancellor away from this year's Super Bowl.

Finally, it's worth noting that the Giants or any team acquiring Chancellor would have to do something about his contract, right? He's not all of a sudden going to show up in New Jersey and be happy about the same contract he has right now in Seattle. To get Chancellor, the Giants would have to fork over two high picks -- say a first and a third -- and tear up Chancellor's contract and replace it with a new one that reflects the top of the safety market ($10 million per year). That's a hefty price and a major commitment to one player by a team with a ton of short-term and long-term needs all across its roster.

From what I understand, the Giants came away from whatever discussions they had with the Seahawks thinking the price was too high and that Chancellor would be too difficult to acquire. Should something change -- say, Seattle decides it wants to dump him and move on -- expect the Giants to try to get to the front of the line to acquire him. But as of now, I would expect the names you see added to the Giants' roster in the next day or so to be a bit less exciting.