Draughn was released by the Giants on Saturday, Ralph Vacchiano of SNY reports.
Draughn's tenure with the Giants got off to a rocky start due to an ankle injury that caused him to open training camp on the PUP list. He wasn't activated until mid-August and evidently didn't do enough in his limited time to warrant a roster spot. However, he could still be a valuable addition to a team in need of pass-catching options out of the backfield.