Free agents can not sign new contracts until March 17.
The Patriots have yet to reach out to Brady and his representatives, and the chances of the two parties reaching a deal are "not looking good", a source told Karen Guregian of the Boston Herald. Brady's 24 touchdown passes last season were his lowest total in a full season since 2006. But at this point, Brady is evaluating the National Football League landscape with the intention of departing, sources said.
Brady and Bill Belichick have yet to schedule a meeting.
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And the Giants have deep pockets, with between $62 million and $74 million in cap space available, depending on whether or not they decide to keep several veteran players. That's when Brady can begin contract discussions with other National Football League teams.
If Brady were finally open to leaving New England, there is no doubt that Mayock and Jon Gruden would be interested in bringing the six-time Super Bowl champion in.
Brady, who turns 43 in August, is a three-time NFL MVP and four-time Super Bowl MVP.
But there's a reason for the lack of communication, and it's not necessarily that the Patriots have decided they don't want Brady back as their quarterback. Teams like the Las Vegas Raiders and Los Angeles Chargers have been talked about.