This is not a total surprise, given his slipping performance and injury issues, but he was only set to make $1 million. It is believed that Hedgecock failed his physical yesterday.
Bear Pascoe was a solid replacement last year, but the Giants signed Henry Hynoski out of Pitt to possibly replace him, which would allow Pascoe to shift back to backup tight end. Although it is risky to trust an undrafted free agent with a starting job, Hynoski was expected to be one of the first fullbacks drafted.
If the Giants' coaching staff could turn Pascoe, who had never played fullback in the NFL before last year, into an average starter, I have confidence in what they can do with a talented natural fullback like Hynoski.