The Giants and Victor Cruz are currently not close to sealing a new deal to keep the star receiver in Blue for the foreseeable future. They are reportedly $1 million per year apart.
There will have to be major concessions on either one or both sides if the Giants and Victor Cruz are to come to an agreement on a long term contract deal anytime soon. Until then, the negotiations will continue and Cruz will play under his recently signed tender deal of $2.879 million.
From SNYGiants insider Ralph Vacchiano of the Daily News:
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 hold out, since he’s subject to fines of $30,000 per day.