Quarterback David Carr, running back Ryan Torian, safety Tyler Sash and offensive tackle Selvish Capers were among notable players cut by the Giants on Saturday.
The Saints’ four-headed rushing attack could cause problems for the Giants on Sunday.
Phillips practiced on a limited basis Friday for the Monday night game against Washington and expects to play.
Giants’ safety Will Hill has been suspended after testing positive for Adderall.
Coughlin’s team once again finds itself short in the secondary, and faced with a lot of juggling to overcome it.
The NFL’s suspension of Giants safety Tyler Sash has head coach Tom Coughlin steaming.
Sash, a rookie last season after being selected out of Iowa in the 2011 draft, is eligible to participate in all preseason practices and games, according to an NFL statement.
Give Jerry Reese credit for making two signings that may have barely registered on the odometer Tuesday, yet could go a long way in helping the Giants win some games.