Bill Belichick and Tom Coughlin won’t be exchanging Christmas cards this year. (David J. Phillip/Associated Press)

The New England Patriots pulled off a snatch-and-grab on Tuesday when they claimed tight end Jake Ballard off waivers one day after the New York Giants released him.

New York’s plan was to re-sign Ballard and place him on injured reserve while he continued to rehab after ACL and micro-fracture surgery. Understandably, the move didn’t sit well with Giants Coach Tom Coughlin.

“Discouraged is a minor description,” Coughlin said Wednesday. “Very disappointed.”

The Giants rolled the dice with the hope that no team would claim the injured tight end who will likely miss all of the 2012 season. But Belichick’s Patriots are nothing if not shrewd and cheeky.

Jake Ballard, when he gets healthy, will bolster an already stellar stable of tight ends in New England. (Michael Dwyer/AP)

Ballard, 24, started 13 games last season and caught 38 passes to lead New York tight ends with 604 yards and four touchdowns. He tore his ACL in the Super Bowl victory over New England. The Giants still have five tight ends on the roster with Bear Pascoe, Martellus Bennett, fourth-round draft pick Adrien Robinson, rookie Christian Hopkins and Travis Beckum, who is also recovering from ACL surgery.

But for a team that already lost big-play wide receiver Mario Manningham and running back Brandon Jacobs to San Francisco, losing another offensive weapon to a Super Bowl contender is difficult to shrug off. And just as they did by adding longtime Colts running back Joseph Addai, the Patriots once again picked up a player from a postseason foe.

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Giants waive TE Jake Ballard after he fails physical