Report: Giants WR Hakeem Nicks in no rush to get new contract
While teammate Victor Cruz is negotiating a new deal, Nicks is taking the completely opposite approach, waiting to broach the subject of a contract extension with the team next offseason. While players mostly try to get some security by negotiating a long-term contract with the team before they find themselves on the open market as free agents, waiting next year for the contract will still work Nicks' way.
Nicks was limited by injuries last season as he hauled in 53 receptions for a career-low 692 yards. Despite having considerably better production earlier in his career, the most recent sample of Nicks’ performance comes from the 2012 season, and it will likely weigh him down in negotiations this offseason. So he will patiently wait and let the Giants come to him with a contract offer giving them a fresh performance in the 2013 season to gauge his value.
If Nicks posts another disappointing season due to his ongoing lower-leg injuries, the Giants could let the free agent market determine his worth.
But at just 25, Nicks is entering the prime of his career and if he is able to remain healthy and return to dominance next season, Nicks could command a huge contract on the open market. In that sense, the longer Nicks delays negotiations for a new contract, the more nervous the New York Giants could be about losing him to an interested team. Fifth-year pro Mike Wallace set a precedent this offseason with his five-year, $60 million contract with the Miami Dolphins. Teams are willing to shell out for talented, young and productive wide receivers. However, the Giants could still hold some leverage in negotiations as they could use the franchise tag on Nicks next offseason.
Nicks could also be waiting to see how Victor Cruz’s negotiations for a contract extension play out.
The Giants have given clear indications that they want to retain both of their wide receivers. The team is hopeful that it will get a deal done with Cruz this offseason. Even if they end up locking up Nicks with a higher value contract since he draws more defensive attention, it will benefit the Giants since they will be able to ensure that Nicks remains healthy during the 2013 season.