After a season and a half with the Braves, he was traded to John McGraw's New York Giants along with Larry Benton and Herb Thomas for Doc Farrell, Kent Greenfield and Hugh McQuillan. The Giants had acquired Grimes in another trade and wanted Taylor to be his personal catcher. Despite catching Grimes' team-leading 19 wins and performing well defensively to help the Giants finish the season just two games behind the pennant-winning Pittsburgh Pirates, McGraw released Taylor back to the Braves for the waiver price of $4,000 on February 28, 1928, the same day Grimes was traded to Pittsburgh. McGraw said he regretted releasing the 29-year-old Taylor, but that he wanted to give younger catchers such as Shanty Hogan a chance to play. Taylor took over as the Braves' starting catcher for the 1928 season.