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Cruz’s signing bonus is $9.5 million

Tampa Bay Buccaneers v New York Giants Getty Images

When Giants receiver Victor Cruz signs his new contract, which will happen later today or on Tuesday, he’ll immediately earn just under $10 million.

Not bad for a guy who was undrafted, and who spent most of his rookie season injured.

The guaranteed money, reported by Jay Glazer of FOX to be $15.6 million, will become fully guaranteed on July 27, per a source with knowledge of the terms of the deal.  For now, all but $1.5 million of the guaranteed money is fully guaranteed (skill, injury, cap).  The remaining $1.5 million is guaranteed for only skill and injury, for now.

The new money is $43 million over five years, for an average of $8.6 million annually.  Factoring in the one-year, $2.879 million restricted free agency tender, Cruz will make $45.879 million over six years, with an average of $7.64 million over the six years.

While Cruz was aiming higher, the dynamics of the free-agency market helped keep the number at a more reasonable level.  Slot receivers aren’t making much money, and Cruz has made the bare minimum in three NFL seasons.  He now shifts the injury risk to the Giants, giving him a huge payday that he wouldn’t have gotten if he’d suffered a serious injury during the 2013 season, like former Giants slot receiver Steve Smith once did.

Speaking of Smith, the Giants’ ability to move from him to Mario Manningham to Victor Cruz suggests that the quarterback, Eli Manning, has had a key role in Cruz’s performance.  Without Manning, Cruz may not be the same player.  Without Cruz, the Giants arguably could find another guy to do what Cruz has done.

The other reality for Cruz is that, in New York, he can earn plenty of money off the field.  Per a source with knowledge of the discussions, estimates have been calculated at as much as $3 million per year.  Even at half that amount, Cruz would push his annual income above $9 million.

Not bad for a Jersey kid who played at UMass and was completely overlooked in the 2010 draft.

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21 Responses to “Cruz’s signing bonus is $9.5 million”
  1. delakern says: Jul 8, 2013 2:25 PM

    GGGGGGGGGGMEN!

  2. boyshole25 says: Jul 8, 2013 2:26 PM

    Skins fan here sayin congrats to victor a class act that deserves the big pay day w guaranteed money !

  3. tokyosanbblaster says: Jul 8, 2013 2:30 PM

    It seems like a lot of cash, but you have to consider the cost of living. In Green Bay, for example, that kind of money goes a lot farther. Which just leaves more cash for near-necessities like, in my case, blinged-out snowmobile boots, Forrest Gregg posters and long blonde wigs! Go Pack Go!

  4. Stiller43 says: Jul 8, 2013 2:32 PM

    What a great picture to go with a headline about him receiving a 10 million dollar check. You bet your a** he was salsa dancing after getting that bad boy.

  5. pnut87 says: Jul 8, 2013 2:37 PM

    It’s OVER!! It’s FINALLY over!!

  6. johnnyjagfan says: Jul 8, 2013 2:37 PM

    We’ll see after a couple seasons if Cruz’s value increases to the point that they’re back at the table. 2 good seasons under this deal & I bet he wants more.

  7. bossbertozzi says: Jul 8, 2013 2:42 PM

    Dude should be getting paid about 11 mil right now. This contract is criminal

  8. gb4mn0 says: Jul 8, 2013 2:45 PM

    tokyosanbblaster says:
    Jul 8, 2013 2:30 PM
    It seems like a lot of cash, but you have to consider the cost of living. In Green Bay, for example, that kind of money goes a lot farther. Which just leaves more cash for near-necessities like, in my case, blinged-out snowmobile boots, Forrest Gregg posters and long blonde wigs! Go Pack Go!

    —————————————–
    Of course in MN now that they have a new stadium (monument to their stupidity) to pay for, the dollars don’t stretch quite as far. The lavender Larry faithful will shell out more for their purple suspendered shorts and the most desired clothing article in vike history, the androgynous Helga Hat.

  9. blahblahblah1313 says: Jul 8, 2013 2:49 PM

    Comparing Cruz to S Smith and especially Manningham is a reach to say the least. Neither of those guys was nearly as productive as Cruz. Are you Mannings agent? That’s the only way I can figure someone would make that comparison. Or maybe you have some manlove for Eli? If they thought they could approximate Cruz production with just “another guy” you can bet they would have.

  10. abninf says: Jul 8, 2013 2:51 PM

    I would like to know what it’s like during the moment you pick up a pen and sign a contract for forty three million dollars. And knowing that five million dollars (after the government steals another five to give to Pakistan and Egypt) will be posted to your bank account immediately.

  11. solgoode says: Jul 8, 2013 2:53 PM

    That’s gonna buy a LOT of soup!

  12. firesnyder says: Jul 8, 2013 3:00 PM

    Skins fan here — wow, I was hoping Cruz would go somewhere else. I love that guy; just not in a Giants uniform!

  13. disp2 says: Jul 8, 2013 3:02 PM

    Wow, this deal makes Percy Harvin’s look real silly. $21 million less and the Giants didn’t have to give up a 1′st, 3′rd, and 5′th. Awesome signing for the Giants.

  14. j4man1 says: Jul 8, 2013 3:04 PM

    I’ve never seen such a huge waste of money on a loser!

  15. kenbell97 says: Jul 8, 2013 3:04 PM

    Cruz deserves the cash. The past 2 years he’s been playing at bargain basement prices.

    $8M/year seems like a fair deal. His numbers may say he deserves more. He’s outplayed Mike Wallace the past 2 years, yet Wallace still gets $2M more..

  16. mrwalterisgod says: Jul 8, 2013 3:09 PM

    Really, Florio. Eli Manning has an impact on Victor Cruz?

    You don’t say.

  17. justintuckrule says: Jul 8, 2013 3:29 PM

    Good news. However, if I’m Nicks, you don’t see me again until I’s gets mines.

  18. godofwine330 says: Jul 8, 2013 3:30 PM

    Good for him, but it sucks to see the NFL undervalue the work of Cruz and Welker like they didn’t catch passes, get yards, or catch TD’s. Slot receivers are receivers, too, andif they are able to beat the man in front of them that is all that matters.

    Slot receivers. That is a joke. Another word for possession receiver, and another way The Man is keeping players and the money they make down. The players lost big time in this latest CBA because all they seem to have won was a few more days off and less contact at camp/practice, while the monetary victories all went to the owners. Frigging Hockey players and their failing league have fully guaranteed contracts, all the while NFL players each are on a year-by-year deal.

  19. antalicus says: Jul 8, 2013 3:45 PM

    Cruz is all about the yards after catch, and I don’t see how Eli has anything to do with that.

  20. ccjcsr says: Jul 8, 2013 4:46 PM

    Giants Fans will be putting out an APB on him when Morris Caliborne shuts him down!!!!!!

    #Cowboynation

  21. gpete1962 says: Jul 9, 2013 11:00 AM

    Morris who????

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