AP

The outlook for Giants cornerback Terrell Thomas seemed grim when he re-injured the right ACL that cost him all of the 2011 season during Monday’s training camp practice. Multiple reports suggested Thomas was likely destined for year-ending injured reserve.

But according to ESPN’s Adam Schefter, the Giants are optimistic that Thomas still stands a chance to play football this season.

A source familiar with the situation told Schefter late Tuesday that doctors who’ve examined Thomas’ right knee “do not believe he has a torn ACL,” and are optimistic that he will play in 2012. Thomas will visit Dr. James Andrews in Pensacola, Florida on Tuesday to confirm the severity of his injury. But for now it seems the Giants may have caught a huge break.

As a 15-game starter in 2010, Thomas racked up 101 tackles, five interceptions, 21 pass breakups, and four forced fumbles. Just as he looked on his way toward Pro Bowl consideration, Thomas tore the right ACL during the 2011 preseason and missed the entire year.

Thomas signed a contract in March that on the surface appeared to be generously worth $28 million over four seasons. Upon further inspection, Florio reported that it’s really just a one-year, $2 million commitment.