Another big name is off the market.

Safety Antrel Rolle—who was released by the Arizona Cardinals on Thursday—has agreed to a multi-year contract with the New York Giants.

According to our own Aaron Wilson, Rolle and the Giants have agreed to a five-year deal worth $37 million.

The contract includes $15 million in guaranteed money, according to a tweet from Adam Schefter of ESPN.com.

One of the hottest commodities in a somewhat shallow free agent pool, Rolle was being pursued by the Miami Dolphins, Chicago Bears and Arizona Cardinals, in addition to the Giants.

The Bears dropped out of the race Friday morning when they began making their successful push for defensive end Julius Peppers and running back Chester Taylor.

A five-year veteran out of Miami, Rolle recorded 72 tackles (61 solo) and four interceptions for the Cardinals in 2009. According to a report last night from the South Florida Sun-Sentinel, the Miami Dolphins offered the safety a five-year deal that he declined, opting instead to take a flight to New York to meet with the Giants front office.

Arizona parted ways with the safety this week due to a $4 million roster bonus he was owed on the fifth day of the new league year (next Tuesday). In addition, the team was going to be on the hook for an $8.1 million base salary for 2010 as well.

New York’s aggressive pursuit of Rolle has begun to raise some questions about the health of current safety Kenny Phillips, who is battling a knee condition known as patella femoral arthritis.

Hit me up on Twitter: @JoeFortenbaugh