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Giants to extend Osi ... or trade him?

Osi Umenyiora #72 of the New York Giants.

Osi Umenyiora #72 of the New York Giants. Credit: Osi Umenyiora #72 of the New York Giants. (Getty Images)

Indianapolis - Giants GM Jerry Reese made news yesterday when he suggested that the team was open to extending the contract of 30-year-old defensive end Osi Umenyiora. 

But could the Giants be making nice with Umenyiora with an eye toward trading him? 

That's exactly what one person familiar with Umenyiora's situation believes might be the case. 

Reese raised the possibility of extending Umenyiora's contract for the first time. In previous years, Umenyiora has asked that his deal be re-worked to be more in line with the NFL's other top pass rushers. But the Giants had declined to change his deal, which runs through 2012 and pays him $3.975 next season. 

As the person familiar with Umenyiora's situation suggested, Reese's softening of his stance could be a good-faith effort toward keeping him in a Giants' uniform for several more years. Or it could be a smoke signal to convince other teams that the Giants want to keep Umenyiora as a way to leverage a better deal in a potential trade. 

Should be an interesting scenario in the coming weeks, and we might not know the ultimate resolution for quite some time. A draft-day trade or an extension? 

Stay tuned. 

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