Veteran cornerback Will Peterson was cut by the New York Giants on Friday, following his latest injury-plagued season. Peterson, a third-round draft choice in 2001, played five seasons for the Giants, but two of the last three were severely curtailed by injuries. "This is a very disappointing development for our ball club," general manager Ernie Accorsi said after terminating Peterson's contract. "Will Peterson was a rising star cornerback and just ran into very tough luck last year with the back injury." While the Giants ended Peterson's tenure in New York, they signed veteran quarterback Rob Johnson, who will try to win the job of backup to Eli Manning. Johnson has spent nine years in the NFL, but he didn't play in 2004 or 2005 while recovering from arm surgery.