According to Ralph Vacchiano of the New York Daily News, the Giants latest offer to Victor Cruz is for an average of $8 million per season, but Cruz won’t settle for less than $9 million.
After months of talking and a switch of agents, though, the two sides aren’t much closer than they’ve been for the last few weeks. According to one source who has been in contact with Cruz’s camp, the Giants’ latest offer is worth an average of more than $8 million per season. But word is that Cruz, who was once looking to be paid the $11 million per year that No. 1 receivers have been getting in free agency lately, is refusing to settle for anything less an average of $9 million.
With a still sizeable gap – and possibly a more significant gap in guaranteed money – there is no guarantee that Cruz will have a long-term deal in place before training camp opens on July 26. However, it now seems unlikely that he’ll holdout, since he’s subject to fines of $30,000 per day.
While $1 million may not seem like a big deal, and you could argue the Giants should just give in and sign Cruz, they have very little cap room and have other players to take care of like Hakeem Nicks.