The Panthers have agreed to a trade that would send Beason to the New York Giants in exchange for a late-round draft pick, a source informed of the process told NFL Media Insider Ian Rapoport on Thursday night. Beason passed his physical Friday, officially making him a Giant, Rapoport reported. The Panthers later announced the trade.
Jay Glazer of Fox Sports initially reported the trade scenario.
Although Beason started all 64 games while earning three Pro Bowl selections from 2007 to 2010, he has played just seven games since tearing his Achilles tendon in the 2011 season opener.
Beason's primary problem is that he has been a liability in coverage while regaining confidence in a knee that was surgically repaired in 2012.
The Giants will gamble that he can return to form and provide an upgrade at one of the linebacker spots. Regardless, this isn't the kind of trade that will reverse the fortunes of an 0-4 team allowing the most points in the NFL at the quarter-season mark.