Giants expected to lock up Victor Cruz to new deal before training camp
ESPN’s Chris Mortensen reported that the there’s a high degree of confidence that the Giants and Cruz will have on a long-term contract extension done before the start of training camp. Mortensen even went as far to estimate that Cruz could put pen to the paper within the “next ten days.”
“Everybody I’ve spoken to expects that deal to absolutely get done, to a 100 percent degree of certainty, that Cruz will have a new contract by the time the Giants open training camp,” Mortensen said on NFL Live.
According to reports, both sides have reached an agreement on the parameters of the deal, but details such as contract language still need to be hammered out. However, a league source said that the two sides aren’t expected to face any obstacles in that direction.
If what Mortensen is reporting turns out to be accurate, then the Giants and Cruz could have made a major development in contract negotiations after it appeared the two sides had recently reached an impasse.
Cruz signed his $2.879 million restricted free-agent tender in mid-June, after months of stalled negotiations over a long-term extension. However, he was likely inclined to sign the contract due to financial concerns, since he had pushed the signing deadline to the point where he’d end up losing money upon further delay.
The Giants were still open to negotiations but later that month it was reported that the two sides seemed approximately $1 million apart on a new contract. Cruz is believed to be demanding at least $15 million in guarantees and around $9 million annually. But around the time he signed his tender, reports surfaced suggesting that the Giants were expected to be standing firm on a $8 million per season offer.
The 26-year-old Cruz has held out of offseason workout programs due to lingering contract situation but he is almost certain to show up to the team facilities no later than August 6, since folding out beyond that could cost him the chance to become an unrestricted free agent in 2014. But it seems as if the Giants are very confident they will lock up Cruz in the next few weeks.
The fourth-year veteran Cruz initially signed with the Giants as an undrafted free agent out of Massachusetts in 2010. But over the years, Cruz emerged as one of the league’s most effective receivers, and ranked third in the NFL with 1,536 yards following the 2011 season. While there was a drop in those stats last year, Cruz still posted a over 1,000 yards receiving season and a career-high ten touchdowns.