Allen Kim

Victor Cruz Agrees To Extension With Giants

Created on Jul. 08, 2013 2:35 PM EST

After weeks of negotiating, Victor Cruz and the New York Giants have finally agreed to terms on a contract extension that will keep the explosive wide receiver in the Big Apple for the next six years, according to Jay Glazer of Fox Sports. Cruz is slated to make $45.879 million — the deal adds $43 million on top of the $2.879 million one-year tender he signed just a few short weeks ago — over the course of his contract with $15.6 million of that guaranteed. This puts his annual salary at roughly $7.65 million a year.

Cruz initially demanded a contract somewhere in the range of $11 million annually, but after the Giants balked and played hard ball with Cruz all summer, he eventually caved and agreed to the team’s terms. It was clear that the Giants would not budge, and they stuck to their guns throughout the entire process even after Cruz put pressure on the organization by skipped all of the team’s offseason workouts.

This is a win-win for both sides. Cruz may not have gotten the $10-plus million annual payday he was seeking, but the money he stands to make off the field in endorsements will likely make up the difference. Unlike fellow wide receiver and teammate Hakeem Nicks, Cruz is a huge, marketable star in the New York City area. And having just signed with Jay-Z’s Roc Nation, the possibility for even more opportunities opens up.

Cruz, only 26 years old, is entering what should be the prime of his career. He’s been one of the most productive wide receivers in the NFL over the last two seasons, hauling in 168 catches for 2,628 yards and 19 touchdowns. Eli Manning can now breathe a sigh of relief with one of his favorite targets back on the field.

The Giants now have one half of their receiver tandem locked up, and they can focus their attention on signing their remaining unsigned draft picks and on locking up Nicks to what is expected to be an even larger deal.

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