The Newark Star-Ledger's Jenny Vrentas has the same feeling. Boley, 31 in August, was released by the Giants in a salary cap move in February, and he hasn't drawn an ounce of known interest since. He could be back at the minimum if the Giants don't come away with a linebacker in the draft.
This is the exercise. It's the same in all industries. Old and expensive always gives way to young and cheap.
The Giants needed to get out of Boley's deal (especially after scaling down his playing time), so they had no recourse but to release him.
Boley was due $4.25 million plus a $1.4 mil bonus this season. The team saved approximately $3.1 million in cap space by cutting Boley, who, if re-signed, will cost $840k at the minimum.
As far as we know, Boley has not received any offers or made any team visits since free agency opened March 12th. He would be brought back for depth purposes, which is not the worst-case scenario.