Fresh on the heels of the news that Giants receiver Victor Cruz will sign today his one-year, $2.879 million restricted free agency tender while still trying to get a long-term deal, a source with knowledge of the situation tells PFT that a training-camp holdout is still possible.
Since Cruz is now under contract, he will be subject to fines in the amount of $30,000 per day if he doesn’t show. But he potentially would have lost $2.289 million if the Giants had rescinded the restricted free agency tender on Monday and replaced it with an offer of $590,000.
At $30,000 per day, Cruz can afford 76 days of fines before he’d rack up $2.289 million.
The source also said there were no indications the Giants would strip the $2.879 million offer. Still, Cruz wasn’t comfortable taking the risk.
Last year, Steelers receiver Mike Wallace let it ride, and the Steelers chose not to exercise the one-day-only right to replace the high tender with an amount equal to 110 percent of what the player earned the prior year.