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Cruz’s deal breaks down to $15.6 million over two years, four one-year deals

Cruz Getty Images

More details are trickling in regarding the contract to be signed today or on Tuesday by Giants receiver Victor Cruz.

As a practical matter, the deal pays Cruz the fully-guaranteed amount of $15.6 million in 2013 and 2014, according to a source with knowledge of the terms.  Then, come 2015, the contract converts to a series of four one-year deals.

The money is paid over the first two years via a $9.5 million signing bonus, a $630,000 base salary in 2013, a $1.5 million roster bonus due in 2014, and a $4 million base salary in 2014.  All of those payments are guaranteed.

The base salaries beyond Year Two are $6.15 million in 2015, $7.9 million in 2016, $7.4 million in 2017, and $8.4 million in 2018.

Though the salaries beyond 2014 aren’t guaranteed, a decision to cut or trade Cruz after two seasons would have a cap consequence in excess of $6 million.  That number will reduce with each passing year.  Still, after two years it essentially becomes a year-to-year arrangement.

Nevertheless, Cruz has received a guaranteed pay day far bigger than anything he surely ever dreamed he’d receive, and for at least the next two years — and likely a lot longer — he’ll be a member of the Giants.

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11 Responses to “Cruz’s deal breaks down to $15.6 million over two years, four one-year deals”
  1. vancouvernfl says: Jul 8, 2013 3:13 PM

    congrats Victor Cruz… i like ur style, ur playing ability, and work ethic… u need to big grade the GF situation… u can do better

    – canada loves u

  2. leanback360 says: Jul 8, 2013 3:31 PM

    I wonder what Hakeem Nicks is thinking right now?

  3. buttpioneer says: Jul 8, 2013 4:08 PM

    What happens with the guaranteed money if he is charged in association with a murder investigation?

  4. tacowrecker says: Jul 8, 2013 4:09 PM

    meh. I get that Giants fans are glad they’re locking up a key young player etc. And that’s cool…..Cruz has just become overhyped, to me. I have no strong feelings one way or the other about the Giants, just think he’ll need to dominate for the next 3 years or so for him to live up to all the hype. Also the salsa dancing thing is played out

  5. ccjcsr says: Jul 8, 2013 4:43 PM

    Not much for a NJ/NY way of life, should have recieved a bigger bonus elsewhere, Good Deal for NY not so good for Cruz, I call it average at best.

    #dumbpeopledodumbthings

  6. groundhoggday says: Jul 8, 2013 4:45 PM

    Cruzzzzzing into the playoffs

  7. detroitcityy says: Jul 8, 2013 5:04 PM

    Overrated and over paid

  8. bigbluefan1 says: Jul 8, 2013 5:12 PM

    Good for Victor great for the Giants

    What most of you do not understand is the real money he will make doing TV adds in the NY market that will add a few million a year to his deal.
    That is money he could not make any place else
    Also as far as his dancing goes true fans live to see it over and over again

    Glad your staying in Blue Victor time for ring #2

  9. contract says: Jul 8, 2013 5:16 PM

    Cruz got seriously screwed. Lesser WRs are making far more than he is.

  10. paulsmith107 says: Jul 8, 2013 5:41 PM

    The salsa dancing is played out for sure. I wouldn’t really call it salsa dancing as it looks like he is pretending to be a train

  11. raiderdan69 says: Jul 8, 2013 6:52 PM

    how can anyone say the giants overpaid? they just got a bargain. 7.5-8 mill a season for cruz is a steal. would you rather pay 11 a season for wallace?

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