In fact, you need two good ones: one that can catch and one that can block. If you're you're lucky, you might get one that can do both. The Giants used to be a TE-rich team with dynamic players at the position who were coached by the best position coach in the game in Mike Pope.
These days, the Giants are fairly thin at the position. They currently have one draft bust (Adrien Robinson) and an undersized UDFA in Jerome Cunningham on the roster.
The Giants' 2015 cap allocation for tight ends is $756,413, which is just 0.53 percent of their total cap number and 30th overall in the NFL. That will grow when they re-sign Larry Donnell, who is an Exclusive Rights Free Agent, when the new NFL season opens in March.
But, still, even with Donnell's maturation, the Giants have to be concerned about their talent and depth at the tight end position. Will they look to find one in the draft? How about in free agency?
First off, cutting Robinson would not do much. He is in the final year of his contract and the team may still be holding out some hope for him. His cap hit is the aforementioned $756,000 and the Giants would not realize any significant savings by letting him go.
Donnell showed flashes in 2014, but then disappeared at times and failed to make catches the team needed him to make. He had a nice breakout season (63 rec, 623 yards, 6 TD) but is still developing. It's a no-brainer to bring him back. He will not cost the Giants more than $600,000 if tendered.
Veteran Daniel Fells is a UFA and could be brought back a the veteran minimum. He had 4 TD receptions in 2014.
Draft options: Maxx Williams of Minnesota (whose father, Brian, was the Giants center in the 1990s), Florida State's Nick O'Leary, Michigan's Devin Funchess, Clive Walford of Miami, Notre Dame's Ben Koyack and Tyler Kroft of Rutgers.
Williams would be a nice story, but he is only a sophomore and probably too green for the Giants. The best fit here would be Funchess or Walford, but they could be gone in the first two rounds. The Giants are likely to address other needs in those rounds, plus none of these players figure to be the BPA when the the Giants select at 9 and 41.
Free agency options: Julius Thomas, Jordan Cameron, Jermaine Gresham, Charles Clay.
Thomas may end up testing the market, especially with John Fox gone and Peyton Manning on his way out. The Giants may not want to overpay, but Thomas would be a nice pickup. Cameron wants out of Cleveland badly and is likely seeking a stable environment in which to land. The Giants fit that requirement, but Cameron has an injury history that could turn them off. The other two are no better than Donnell, so why pay more for something you already have?
The options aren't the greatest, and the team has oodles of other needs, but the TE field this offseason is intriguing. The Giants just may try their hand.