Giants, Cruz very close to a long-term deal

Reuters

Last month, Victor Cruz signed a one-year contract with the Giants.  As soon as today, he could be signing a longer-term deal with the club.

Per a source with knowledge of the situation, the Giants and Cruz are very close on a multi-year agreement.

Due to earn $2.987 million in 2013 as a restricted free agent, Cruz will make much more than that in 2013 and beyond.  With Cruz wanting in the range of $10 million per year and the Giants previously offering an annual amount in the $7 million neighborhood, don’t be surprised if the final number is in the $8.5 million ballpark.

The contract will put Cruz at the top of the slot receiver market, and it would allow the Giants to use the franchise tag on receiver Hakeem Nicks in 2014, absent a long-term contract.

As we’ve previously pointed out, Nicks won’t be using Cruz’s deal as guidance for Nicks’ contract.  Nicks will instead be looking at the deals given to “outside” receivers like Mike Wallace, Larry Fitzgerald, and Calvin Johnson as the benchmarks, primarily since they’re all making much more than Cruz will be earning from the slot position.

21 responses to “Giants, Cruz very close to a long-term deal

  1. Well at least they aren’t paying an injury prone slot WR with a bad attitude 12mil a year and gave up a 1st, 3rd, and 7th rounder to do it (cough, Seahawks). It’s alright, they’re going to be super bowl champions though according to their fans. Victor Cruz is a stand up guy who plays every week. He has earned his money. I wish the best to him. I’m sure Eli is just as happy as Victor with this news.

  2. Wouldn’t it be just the perfect time for John Mara to get a call from Roger informing him that the team is losing millions of dollars of cap space for violating the spirit of an unwritten rule?

  3. Get it done and get back to work.

    On a different note, congrats to Victor. Had a lot of obstacles to overcome (some of his own making, others not) but managed to eventually succeed and will now be recognized for his work. Glad to see hard work and perseverance can still pay off.

  4. commonsensedude says:
    Jul 8, 2013 11:48 AM
    Wouldn’t it be just the perfect time for John Mara to get a call from Roger informing him that the team is losing millions of dollars of cap space for violating the spirit of an unwritten rule?
    ———-
    Not worried. My boy John and his lackey Roger are already plotting to penalize your soon-to-be-called Redtails $1M cap per day every day Snyder refuses to change the name.

  5. If signed, he will be a key piece for another run… But Cruz does not make us automatic contenders… Our offense won the last 2 championships, it’s time for the defense to step up if we are to have any real chance

  6. Cruz should be the highest paid slot WR. He’s more productive than Amendola and he’s younger than Welker.

    Factor in hometown boy done good and this all makes sense. Got to leave a little cash on the table so the Giants can pay Nicks and JPP next year.

  7. Giants building towards the future by making sound financial decisions on quality character individuals whom they found as undrafted rookies. Sounds a lot like the Redski…. wait… No it doesn’t they’re ownership is a joke hahahaha

  8. commonsensedude says: Jul 8, 2013 11:48 AM

    Wouldn’t it be just the perfect time for John Mara to get a call from Roger informing him that the team is losing millions of dollars of cap space for violating the spirit of an unwritten rule?
    ————————————————–

    Explain that unwritten rule.

  9. Makes so much sense. Budge a little bit and Cruz saves face and protects against a Steve Smith type of career ending. More importantly he would be banking on other teams to agree to his belief of his value in theleague. Either way it would take him years to make up the $6m or so he wouldn’t get this yr (ie playing under the tag). I hope it’s a 5yr deal but Cruz prob wants 3yrs How bout 2?

  10. Also according to “sources”:

    Generalissimo Francisco Franco is still dead.

    We are living in the End Times.

    Water is still wet.

    Please … just let me know when he inks something.

  11. pillowporkers says: Jul 8, 2013 11:38 AM

    Well at least they aren’t paying an injury prone slot WR with a bad attitude 12mil a year and gave up a 1st, 3rd, and 7th rounder to do it (cough, Seahawks). It’s alright, they’re going to be super bowl champions though according to their fans. Victor Cruz is a stand up guy who plays every week. He has earned his money. I wish the best to him. I’m sure Eli is just as happy as Victor with this news.
    ——————————————————————-

    Gave you a thumbs up just because of your name.

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