After a discussion with his family, the 40-year-old Feagles decided against retirement.
"That was important to me after so many years of working so hard to establish myself in the NFL. I still think that I have a lot of years left for me to play," Feagles said on the Giants' Web site. "However, my family is more important to me than that. And at the time we felt this was the right thing for our family."
Feagles ranks first all-time in the NFL with 1,437 punts -- with 456 of them being downed inside the 20-yard line.
In 2005, he punted 73 times, and had a 42.1-yard gross average with a net-average of 37-yards.
"I couldn't let him retire before me," said Giants General Manager Ernie Accorsi, who is in his mid-60s.