Clark was cut by the Colts this week and will be available to negotiate with any team beginning this Tuesday. In normal circumstances, a team experiencing a dearth at TE (such as the Giants) would be chomping at the bit to sign him.
These aren't normal circumstances, though. First off, the Giants don't have much maneuverability under the cap and if they did, they wouldn't dedicate much money to a player coming off back-to-back injury-shortened seasons.
Add in the fact that Clark is an average blocker and his value reduces further. The Giants need their TEs to be able to block. More specifically, any TE they bring in must be a strong blocker. Clark isn't.
Clark does have his upsides. He is a YAC (yards after catch) threat and the Giants love that in a receiver. If he can still get in the seams and crack defenses, the Giants would consider him, but once his price rises, they would have to drop out of the bidding.
As per Ryan Bonini of KFFL.com: "Clark is just two seasons removed from a 100-catch, 1,106-yard and 10-touchdown season. At 6-foot-3 and 252 pounds, he has solid size and could be an immediate upgrade to plenty of offenses around the NFL."
That is the problem. Clark is "two seasons" removed from those stats. How much of an upgrade is he from Bear Pascoe, and what would they do if Jake Ballard is ready by Week 7? The Giants won't pay much to find out, you can bet on that.
The truth is, the Giants need to add some healthy bodies this spring. They have re-signed several of their own players coming off season-ending injuries thus far and plan to ink several more over the next month.
Both TEs Jake Ballard and Travis Beckum will not be ready for the season. The player the Giants choose to defray their loss has to come in with a clean bill of health. Clark just isn't that guy.