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Cruz gets $15.6 million guarantees in new deal

Giants receiver Victor Cruz looks for an interference call from the officials after missing a catch in the Dallas Cowboys' endzone during their NFL football game in East Rutherford

New York Giants wide receiver Victor Cruz (80) looks for an interference call from the officials after missing a catch in the Dallas Cowboys’ endzone in the first half during their NFL football game in East Rutherford, New Jersey, September 5, 2012. REUTERS/Ray Stubblebine (UNITED STATES - Tags: SPORT FOOTBALL)

REUTERS

It didn’t take long to bridge the gap between “very close” and done.

According to Jay Glazer of FOX Sports, the new contract extension agreed to by Giants wide receiver Victor Cruz is worth $43 million for the five new years of the deal, on top of the $2.987 million he was scheduled to make this year as a restricted free agent.

The deal also reportedly includes $15.6 million in guarantees, according to Glazer.

While a strong showing for Cruz, six years at roughly $46 million falls well short of what Cruz was hoping for early in the process.