Posted by Alexis Celluro | Featured Columnist

NFL Free Agency officially began at 4 P.M. today, and so far, the New York Football Giants are reported to have made five signings, although the deals are not likely to be made official until tomorrow. These five deals will use a little over $55 million in cap space.

The team reached a deal with linebacker JT Thomas from the Jacksonville Jaguars in a three-year $12 million deal, with $4.5 million in guaranteed money.

Earlier today, a deal was reached with former New England Patriots running back Shane Vereen. Vereen is expected to also sign a three-year deal for over $12 million.

The Giants also acquired another former member of the Super Bowl Champion Patriots, linebacker Jonathan Casillas. His is also three-year deal, for $10.5 million.

There are also reports that the team has agreed to a deal with former Dallas Cowboys wide receiver/kick returner Dwayne Harris. The deal is reportedly worth $17.5 million for five years, including a $4 million signing bonus and $7.1 million guaranteed.

The team also agreed to a two-year deal with right tackle Marshall Newhouse from the Cincinnati Bengals.