Cruz’ Contract Terms Set: 6 Years, $45.879 Million, $15.6 Million Guaranteed

John Fennelly, Lead Writer

The debate is over. WR Victor Cruz has signed a long-term deal with his hometown team, The New York Football Giants…From Rotoworld:

The Giants agreed to terms with WR Victor Cruz on a six-year, $45.879 million contract.
FOX Sports’ Jay Glazer reports the deal contains $15.6 million guaranteed. Per our contract database, Cruz is now the NFL’s 17th-highest-paid wide receiver in annual average ($7.65 million). The G-Men have Cruz under control through his age-31 season, and he’ll be able to hit free agency in 2019. It’s a great deal for the Giants, who balked at paying Cruz’s initial demands of close to $10 million per year. Cruz emerged as the NFL’s premier speed-slot receiver in 2011, finishing as the No. 4 fantasy wideout. He ranked 13th in 2012 and is locked in as a high-end WR2 entering the 2013 campaign.

This deal was hanging out there for awhile. Looks like Cruz’ reps blinked first, since the deal averages out to be worth $7.64 mil per season not the $9 million they were hoping for. But it’s the guaranteed portion that holds the water in football contracts.

Cruz will benefit more endorsement-wise from being in New York, so that will more than offset any difference his agents were looking for over time.

Cruz signed his contract today at the Timex Performance Center and is glad to have this part of the process over.

“I feel relief,” he said. “I feel I can just kick back and play football again.”

So is GM Jerry Reese:

“We are pleased to have this behind us. Now Victor can focus on football. Training camp is approaching quickly, and we all have a lot of work to do to get back where we want to be.”

What does this mean for Hakeem Nicks? It’s only good for him if he comes out in 2013 and puts up some big numbers. If he’s healthy, that should happen. If he has a subpar season, the Giants may take their chances and let him test the free agent market next March.