The Giants have signed free agent WR Louis Murphy to a one-year deal. Terms of the deal have not been disclosed.

WR Louis Murphy agrees to terms on a one-year deal with the Giants, per league source.—
  (@ProFootballTalk) March 16, 2013

From PFT: A fourth-round pick in 2009, Murphy spent three years with the Raiders before being traded to the Panthers. He showed promise as a rookie, and he actually improved his production in his second season. But Murphy became largely forgotten in 2011.

During his one season with the Panthers, Murphy caught 25 passes for 336 yards and one touchdown in 16 games, with five starts.

John Fennelly, Executive Editor

Murphy will give the Giants some depth at WR with the FA losses of Domenik Hixon and Ramses Barden, neither of whom has found a new team.

The 25 year-old Murphy has tons of upside. This is a nice, low-key signing by the Giants. He will join Hakeem Nicks, Victor Cruz (fingers crossed), Rueben Randle and Jerrel Jernigan to form a solid WR corp for QB Eli Manning to work with.

Murphy never really had QB to click with in Oakland and one that utilized his speed. That may change now that he’s in a legitimate vertical passing offense.