Report: Giants offer Cruz more than $7 million per year

Reuters

The Giants and receiver Victor Cruz have been talking for months about a long-term deal, but getting nowhere.

Gary Myers of the New York Daily News reports that the Giants’ offer is somewhere in the range of $7 million per year.

Specifically, the deal exceeds $7 million annually, with a “sizable” amount of guaranteed money in the multi-year deal.

That’s significantly more than Cruz will receive as a restricted free agent in 2013, with a first-round tender offer of $2.879 million.  But the question becomes whether it’s less than what someone else will pay, either on an offer sheet now or as an unrestricted free agent in 2014.

Clear lines have been drawn between slot receivers and speed receivers who stretch the field and draw extra attention — it’s currently a difference of roughly $6 million per year.  With Cruz’s pending offer far closer to the top of the market for slot receivers, he may choose to wait.

If the Giants use the franchise tag on Cruz in 2013, he’ll get more than $10 million for one season.  If the Giants don’t, Cruz will hit the market on the first day of free agency, possibly pocketing far more than the Giants are offering now.

Of course, Cruz would have to get through 2013 healthy.  At times in 2012, it appeared he was conscious of the possibility of what a big hit could do to his earning potential.  In fact, some think that the crushing blow Cruz absorbed from Steelers safety Ryan Clark has made Cruz a bit leery about going across the middle — with or without a huge payday.

Regardless, Cruz ultimately will have to decide whether to take what he can get now, or to roll the dice on getting more next year.  And teams will have to roll the dice on whether he can keep doing what he has done the last two years.

78 responses to “Report: Giants offer Cruz more than $7 million per year

  1. Depends on how long. Take this deal for 3 years, hit FA again before 30 and when the cap shoots up. Hell, maybe even win another SB in the process. That’s the smart move.

  2. I was just about to say “Take the money”, but If he lives in New York, he’s paying over 50% of his income in taxes between federal, state, and local. So really, 7 mil a year is 3.5.

    When I look at it that way, he’s worth more than that. Might be smarter to be franchised, but together a great year, and head elsewhere

  3. No way in the world I’m taking that if I’m Victor Cruz. Guys like Wallace, Fitzgerald, and Vincent Jackson are averaging around 12 million a year.

  4. He’s an idiot if he doesn’t take the offer. The amount of guaranteed money he would receive would be enough for the rest of his life and probably his kids life as well{if he invests it right}. If he bets on a big payday in FA next year all it would take is 1 big hit and he could be out of football forever. Come on Victor use your head. “one in the hand is worth two in the bush”.

  5. SIGN THE DOT!. hes not percy money bec percy does kick returns and plays RB..id say 8 mil is good if its over 7.. he just needs to sign and be over with it but im sure hell wait until a few weeks why not season doesnt start for a few months..but he needs to sign that though!!!

    and giants wont trade him bec giants will command a first rd pick..if some team would trade for him they should just sign an offer for him

  6. Chip Kellys new hybrid 3-4 defensive monster will snap little Cruz in half. I like the guys attitude but he simply stands no chance against the Eagles monster machine tour 2013. Ill just telling it straight for you New Yawkers. And theres simply nothing you can do about it. Just ask Frank Gifford.

  7. I wouldn’t mind the Vikings giving up one of their 1st rd picks to get Cruz then sign him to a long term contract, but I will be fine with them drafting a WR in the 1st as well. With Cruz you at least know what you are getting whereas a rookie could be a bust. Jennings and Cruz together would be lethal.

  8. Thats a good deal I mean especially with all them crucial drops he had last year yeah he made some great plays but hepulled a t.o. every once in a while

  9. He’d be totally screwed to get the tag, rough estimate of earnings after signing tender, like 10 million? Than he put all his young money years behind him? Than he gets tagged so he is up to like 20 million? Than they’ll be calling him old and saying he won’t last the contract and he’ll get undervalued in free agency. Best bet, take the offer on the table bud.

  10. They’ll send him across the middle of the field ten times in the first game, and then ask him if he wants to sign or take the chance of getting hurt during the season.

  11. I’d like to hear more about the deal. How many years? If it’s 7 million a year for 7 years and the only guaranteed money is in the first two or three years then maybe it’s not such a good deal.

  12. @bechillin, even if the terms are leaked, those terms will cost any other team something the Giants won’t have to pay: A first round pick. That is why he has not been signed by another team in the first place.
    I think he should take it since it is higher than any other slot receiver is getting today. Guaranteed money is just that…guaranteed.

  13. Skins cap situation will be under control next year, and I am sure it would chap Mara to lose him to the Skins. Don’t take Cruz, catch TD’s from RGIII instead of sheli.

  14. Take the deal as long as it is for 3-4 years. I wouldn’t waste my time with anything less. That will give him ample time to catch on another 3-4 year contract before retiring. Otherwise, go for the bigger paycheck.

  15. Take it if you can insert a ‘player option’ clause in the contract.

    The ‘player option’ should not be an insult to owners and GMs!!!

    The Broncos and Ravens let Pro Bowlers leave due to $$$!!

    Welcome to the Owner friendly NFL!!! The care for wins is as disingenuous as it could be!!!

  16. It’s excellent money and if he stays in New York he’ll make a lot more from endorsements. Let’s face it he thrives in the Giant offense. There is no guarantee he’ll be as successful somewhere else. The fact is if the Giants lose Cruz they’ll plug someone else into the slot and make him productive. If Cruz ends up in Jacksonville et al he’ll be an afterthought on your fantasy team.

  17. supremekingz says: Mar 23, 2013 8:33 PM

    I was just about to say “Take the money”, but If he lives in New York, he’s paying over 50% of his income in taxes between federal, state, and local. So really, 7 mil a year is 3.5.

    When I look at it that way, he’s worth more than that. Might be smarter to be franchised, but together a great year, and head elsewhere
    ————————————————————–
    Sure man, because we all know that people that make millions a year just file a 1040EZ and pay what it says. SMH. Ever hear of a tax attorney? How about an accountant? Write offs? Deductions? Shelters? DERP. Taxes don’t apply the same way to people like him as they do to the rest, no laws do.

  18. If that’s all they offer, play out the tender and buy an insurance policy. He’s gotta be worth 10-12m/year. If he’s lucky, he can skip camp this year and next (if he gets franchised)

  19. Interesting you bring that up. Anyone ever notice the most liberal states and the ones that always vote democrat are the most expensive to live in yet those less fortunate think the liberals care about them? They don’t!

    You are right! Cruz should get out of NY because taxes there are way too much.

    And if you think Cruz will pay a lot in taxes, imagine what the Maras pay in taxes? I bet they pay more in taxes than my total salary times 5!

  20. Victor plays in NY market and has Campbell’s soup commercials nationally. Mike Wallace might do some local ads somewhere but who knows. And he’s paying NJ taxes not NY. Sorry to break it to the guy above, but the giants haven’t worked out of NY for decades and for the same reason they all live in NJ too.

  21. To you ABSOLUTE IDIOTS who put Cruz in the same Breath as Fitzgerald and Calvin Johnson, he is NOWHERE near worth as much money as those two. He has no elite physical skills but the man knows what to do with the ball in his hands. Fitz, CJ and Wallace money is way too much for Cruz and this is coming from a Giants fan. Take the money. You can make much much more in NYC thanks to endorsements.

  22. supremekingz says: Mar 23, 2013 8:33 PM

    I was just about to say “Take the money”, but If he lives in New York, he’s paying over 50% of his income in taxes between federal, state, and local. So really, 7 mil a year is 3.5.

    When I look at it that way, he’s worth more than that. Might be smarter to be franchised, but together a great year, and head elsewhere
    —————————————————–
    what you are not taking into consideration is the endorsements deals playing in new york and being a spanish player in new york generates. mr. cruz will hardly be hurting for money.

  23. Isn’t Cruz more than just a slot receiver though? I remember him beating the defense many times with some long bombs over the past few years…seems to me the Giants are trying to be cheap and not offering him what he’s worth.

  24. Dear Victor: Wes Welker only got 6 million (hear that ONLY 6 million freaking dollars..)and he is the TOP slot receiver in NFL for many years. You are NOT at his level.

    You best reconsider what you are doing because you are about to turn the BIG BLUE fan base AGAINST you. You’re good, but are not worth 6 million a year. We don’t put up with this crap and despise primma-donnas. Ask Tiki. Ask Steve Smith.

    I for one wont be eating any Campbells Chunky soup anytime soon. Work a deal out quick or sign with someone else and let us get a the 1st round pick and move on from this drama.

  25. I can’t feed my family on that lol

    Just hold out for more no matter how much a team offers the player will always get his deal redone after 3 yrs or face being cut happens all the time

    He needs most upfront money as possible tell the giants I will do 3 yr deal at 7 but u can’t franchise me after that. See how fast they up the offer or just take the 1yr deal now. N get 10 mill next yr

  26. bluereign says:
    Mar 23, 2013 10:49 PM
    To you who put Cruz in the same Breath as Fitzgerald and Calvin Johnson, he is NOWHERE near worth as much money as those two. He has no elite physical skills but the man knows what to do with the ball in his hands. Fitz, CJ and Wallace money is way too much for Cruz and this is coming from a Giants fan. Take the money. You can make much much more in NYC thanks to endorsements.

    ———————————-

    I’m a Giants fan too but you can’t compare Fitgerald to Cruz. I like Fitzgerald and I think he’s one of the true “good guys” of the NFL… but he’s never to going to amount to more than a footnote if Arizona can’t get anyone to get him the ball. Cruz is young, healthy, and talented. Pay the man. How hard can it be?

    And where is logicalvoice tonight? Does he take the weekends off? He should be in here spouting some random, irrelavent nonsense about the Redskins or RG3. Or better yet, he should still be beating the salary cap dead horse some more since this is a Giants article.

  27. “If he lives in New York, he’s paying over 50% of his income in taxes between federal, state, and local.”

    Thats why they all have charities.

    I think he has to take it too.. He is at 2.9 million as a restricted FA this year, so if he doesn’t take it, he loses at least 4 million and change this year.. The question is, can he make up that 4 million + change dollars over the course of his next contract?? That is guaranteed money. He would have to make at least 9 million and change in 2014/15 seasons to break even.. I don’t think so..

  28. He would be smart to do a one year deal or hold to the restricted contract.

    Next year the Redskins will have a wad full to spend, and Dan Snyder would like nothing more than clamping onto Mara’s sweet balls and yanking on them while he throws dollars at Cruz.

    Be smart Victor these next two years will be probably your only chance to make huge dollars.

  29. flavordave says:Mar 23, 2013 8:50 PM

    Chip Kellys new hybrid 3-4 defensive monster will snap little Cruz in half. I like the guys attitude but he simply stands no chance against the Eagles monster machine tour 2013. Ill just telling it straight for you New Yawkers. And theres simply nothing you can do about it. Just ask Frank Gifford.

    This is probably off topic but it is something that has bugged me for years. Since flovordave opened the door I will walk in. How many of you posters have seen the so called hit of the century on Frank Gifford? I have seen it several times on the various sport networks but to be honest the video isn’t of much quality. All the old school players tout it as beyond brutal and use it as a reference to how violent the NFL was in their day. It is my opinion that in most of todays NFL games players take much more vicious hits on a regular basis. Just my two cents.

  30. Other teams are getting very suspicious when the Giants let an offensive player walk. They want to sign Cruz to reasonable money so they can sign Nicks and JPP later. But if he takes the tender this year and walks next year, Cruz may be surprised at the response. Amani Toomer, Steve Smith, Kevin Boss, Mario Manningham, Brandon Jacobs – all left NYG hoping for the big payday, and they’ve all gone next to nowhere. The Giants “complained” when the Pats picked up injured TE Jake Ballard from the waiver wire a year ago, but have you seen the Giants try to get him back? Now Ahmad Bradshaw is learning what it’s like.

    Let’s say the Giants’ offer is $15M guaranteed (the rest means nothing). Cruz has to decide… is $15M plus what he can make in endorsements worth staying in New York with a top-tier QB and a chance at championships, or is it only about the money and will he be happy making $30M but playing for a bad team (see “the return of Aaron Ross from Jacksonville”)?

  31. I’m a little weary of the advice a majority of you guys are giving Cruz. Most of you almost always think players that want to test the market are greedy so as far as looking out for Cruz’s beat interest I think you all would be the last people to take advise from.

    Looking at the situation Cruz will get $2.5 mill this year if he signs the RFA contract and another $11 to 12 mill next year if franchised. That is already matching the $7 mill per year the Giants are offering. The question is does he want to expose himself to a potential injury. We’ve seen two receivers bet on themselves and received significantly more on the open Market in Vincent Jackson and Mike Wallace. Wallace didn’t have a particularly great season last year but his age and track record from the prior 3 seasons worked in his favor.

    Whatever decision is made Cruz needs to just be comfortable with it. Personally I’d tell him to hold off if he isn’t satisfied with the offer.

  32. If he doesn’t sign then he’ll be another Plaxico Burress, Steve Smith, Kevin Boss, Mario Manningham, and Brandon Jacobs who’s career’s have fizzled leaving the MANning that got them the rings they have. Choose wisely. Rings or money.. it is indeed a hard choice

  33. I was just about to say “Take the money”, but If he lives in New York, he’s paying over 50% of his income in taxes between federal, state, and local. So really, 7 mil a year is 3.5.
    ————————————————-
    Anyone who makes that kind of money is an idiot if they pay 50% in taxes. There are many ,many ways to avoid that kind of tax bill. 50% tax rates are simply talk radio(and Phil Mickelson) blathering.

  34. Nobody is going to out bid for Cruz. NFL teams are colluding. Don’t you think he would have received an offer before Gibson did? It’s a known rule within the 32 teams to not bid on their restricted free agents…

  35. It’s about the Guaranteed money not the annual salary, give him 20-25 mill and we have a deal!

  36. Dude you came out of UMass as a nobody, and was known here in NY as a preseason star only. You worked your butt off to become a legitimate NFL player. You got everything you need in this area, and now financial security is staring you in the face.

    Don’t risk injury this year and never get this chance again. Sign the deal with a huge smile and don’t ever look back.

  37. Only Eagle fans bring up hits & plays from FIFTY YEARS ago. Funny how that coincides with the last time they won anything as well.

    Eagle Fans: Fifty years ago your RB got slammed by our guy.
    Giant Fans: Yup he did but how many Lombardi’s do you guys have?
    Eagle Fans: Your championships are in the past, the past doesn’t matter.

    Typical Eagle fans – the past only matters when they want to bring up 50 year old history, but 2 years ago is “in the past”!!!

    Silliest fans in the NFL, no others are even close!

  38. Why cant some of you people get it through your heads that Cruz is not an outside receiver and therefore does not command that same money. Comparing him to guys like Jackson and Megatron is comparing apples to oranges. He is a SLOT receiver for Gods sake and has an offer that is longer, for more guaranteed, and more overall money than the best slot ever to play in Wes Welker. Sign the damn contract Victor and your family will never have another monetary worry in their life.

  39. ccjcsr says: Mar 24, 2013 8:49 AM

    It’s about the Guaranteed money not the annual salary, give him 20-25 mill and we have a deal!

    Hate to break it to you ccjcsr but every report I have heard says that at least 3 years of the 7mil plus/year offer are guaranteed and therefore they have already given him the 20-25 mil in guaranteed money that you claim it would take to sign him.

  40. Cruz deserved atleast 9. I mean hes been carring Eli and the Giants offense while Nicks sits out and crys about some injury. In my eyes..he has definatley proven to be worth it.

  41. If I were Cruz, I’d probably take it. He’s enormously popular here in Jersey and can probably make more with endorsements being a Giant compared to any other team. Plus his local (within NJ) opportunities can generate plenty of extra cash. Hopefully he realizes that.

    He’s be foolish to leave or risk injury with the “possibility” of a bigger paycheck as a free agent next year.

  42. Nicks is the best WR in New York. Cruz struggled last year when Nicks was out. Cruz benefits from Nicks ability to get down the field and draw double teams. I want to see Cruz stay but he doesn’t deserve money like a #1 WR.

  43. supremekingz says: Mar 23, 2013 8:33 PM

    I was just about to say “Take the money”, but If he lives in New York, he’s paying over 50% of his income in taxes between federal, state, and local. So really, 7 mil a year is 3.5.
    ___________________________________
    Looks like a lot of people who smack talked this comment have a poor understanding of taxes. Sure there are shelters, etc but the fact is that yes, he will be paying a lot more there than say, FL.

    A 7 mil offer for a younger WW just points out again how badly WW’s agent played this.

  44. Many have said 5 for 37.5 should be about the number. Cruz should sign. If not, lick up Hakeem.

  45. hey flavordave you need to understand something i know its tough for you people from philadelphia to understand simple concepts for example being a die hard fan of a worthless organization… youre supposed to support good organizations that actually win something but hey what do you know you only come from a horrendous city that only wishes it was new york… but i digress my major point is the rule to follow is any team with a top 10 pick in the draft that they didnt trade to obtain (even better when its a top 5 pick) has NO RIGHT WHATSOEVER to talk crap to ANYONE… well i mean except to chiefs jags or raiders fans (hey thats some great company youre in buddy)… i guess bottom line is YOURE AN EAGLES FAN WHICH MEANS YOUR ORGANIZATION AND CITY IS GARBAGE… so dont talk smack about giants fans or their players because lets not forget the last time you eagles fans proclaimed how great you were mr “dream team” thats right you went out and paid MILLIONS for a bust like nnamdi that got humiliated every chance he got by who was it??? o thats right CRUZ! Eagles monster???? HA!

  46. Wallace and Jackson are WAY over paid. That’s what happens when traditionally BAD organizations are desperate to make local headlines and fill seats.

    The Giants made Cruz a fair offer, but it makes just as much sense for Cruz to wait until draft day to see if someone gets desperate enough to give up their 1st round pick and blow the Giants offer away. Not likely to happen, but it makes sense to wait and see.

    After the draft, Cruz will sign a long term deal and remain a Giant.

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