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ESPN’s Adam Schefter: New York Giants’ Victor Cruz Won’t Receive Offer Sheet

March 25th, 2013 at 8:30 AM
By Casey Sherman

'Victor Cruz' photo (c) 2011, scott mecum - license: http://creativecommons.org/licenses/by/2.0/ We saw Percy Harvin get traded from the Minnesota Vikings to the Seattle Seahawks for a first-round pick this offseason, which had many thinking, why wouldn't a team give up the same compensation to sign New York Giants WR Victor Cruz who is a restricted free agent?

A team can make Cruz an offer sheet, and if the Giants don't match that offer, the team will have to give up a first-round pick to sign him. The idea of a team surrendering a first round pick for a young, proven receiver doesn't seem all that farfetched, especially for the teams selecting late in the first round, causing many Giants fans to hold their breath. So how strong is the possibility of a team making Cruz an offer? ESPN's Adam Schefter has an answer.

"Strong belief: There's as much chance a team will sign Victor Cruz to offer sheet as there is one will deal for Tim Tebow. Neither happening." Schefter tweeted Thursday.

A team would not only have to give up a first rounder, but also make an expensive expensive offer to Cruz in the ballpark of $8 to $9 million a year, that the Giants could still match. It has been reported that the Giants have made an offer to keep Cruz for $7 million a year.

Cruz and his agent Tom Condon will continue to work on a contract with the Giants to keep him with the team long term. Teams have till April 19 to make an offer. If the Giants can't come to an agreement with Cruz, and no teams make an offer, Cruz can sign his tender ($2.879 million) to stay with the Giants for this season, and become an unrestricted free agent next off-season.

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Tags: Adam Schefter, Football, New York, New York Giants, NFL, Victor Cruz

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4 Responses to “ESPN’s Adam Schefter: New York Giants’ Victor Cruz Won’t Receive Offer Sheet”

  1.  Begiant says:

    Well, at least now Giants fans will stop saying Cruz will be signed away by the Pats, Colts, Dolphins ect…

  2.  fanfor55years says:

    Not sure this is news. It’s hard to see where an offer would originate at this point. Once it became clear that the Giants had offered what is, in effect, an $8MM per year (because of the increase in year one over the tender offer) deal there was just about no way any team would beat that and throw in a first round pick.

    So Cruz has to weigh the benefits of signing versus playing out his RFA year and pouring most of his 2013 pay into an injury insurance policy. Given that all he could expect would be about $2MM per annum more, and probably only about $5MM more in guarantees, his agent (who is among the best) is probably educating him by explaining risk/reward + endorsement + post-career opportunity and telling him his best bet is to try to add a bit of performance bonuses into the deal on the table and push for an extra few millions in guarantees. It certainly seems that a deal should get done. Cruz doesn’t impress me as a dumb kid, and he should recognize the value of the intangibles that accrue here versus the after-tax marginal income of no more than $1MM per annum if he goes elsewhere, and probably less. It looks like Mara and Reese made an offer that was serious and intended to get Cruz to the point at which he would recognize that taking what he feels is a “below-market” deal is still in his best interest.

    Well done, Giants.

  3.  fanfor55years says:

    As to Werner, or any other prospective pick at #19 (or #48 for that matter), I think you have to look at the draft as just part of the team-building process each year.

    Reese went into the off-season with a lot of potential holes in the team. The most important, and potentially devastating one, was at left tackle if they couldn’t get Will Beatty signed. I think they made up their mind to somewhat overpay Beatty because that was a hole that would have had to become their highest priority and dominated all of their tactics throughout free agency and the draft. It would have overwhelmed any intelligent planning. They did not let that happen, and I think that was THE critical move this off-season.

    Next, like many of us, the team recognized that they had been dominated in the middle of the defense in 2012 and that could not be allowed to continue. If they didn’t have cap problems I believe they’d have made a splash at defensive tackle, but given the dollar constraints they did extremely well bringing in Jenkins and Rogers (while jettisoning Canty in order to free up cap space and replace a declining space-eater in Canty with a pairing of a great run-stopper in Rogers and a penetrating tackle in Jenkins).

    Those were two HUGE team needs that they got covered immediately. Obviously, they wanted Cruz back and made him what now appears to have been a terrific offer that should work out well for all. And they had determined that Kenny Phillips was about done and would not be given an offer, thereby allowing for enough cap room to bring in some help in the defensive backfield.

    I don’t think they were all that worried about tight end, or the outcome with Boothe, because they knew they could cover those areas through free agency if they needed to do so. Both Boothe and Bennett have been, IMO, overrated by fans and I suspect the team felt the same and was fully prepared to see either or both leave and be replaced by players who would be cheaper and as good.

    They brought in kickers, a critical need in an offense-dominated league. And then they tied up Rivers and Connor to shore up the linebackers enough that they didn’t need to reach for one in April.

    And that last sentence is where I’m headed. I think that through free agency the team closed all the glaring holes that needed filling. They may not have the best talent at all of those positions, but they have a professional player everywhere and think those players can “get the job done” (the “job” being staying competitive, reaching the playoffs, and hoping you’re hot at the right time of the season). That frees Reese to really go for talent ahead of need in the April draft. My view is, and has been, that they still need fresh talent at corner, at the defensive tackle position, and on the offensive line, but I don’t see those as such immense needs that taking a defensive end or a safety would be crazy. So I have NO idea what Reese will do. I like being in that position. He could grab a talent at #19 and at #48 that will make some scratch their heads but will definitely become serious contributors early in their careers. Werner would be great. So would any one of a dozen others. This April should be fun, but only because Reese already did a wonderful job of plugging holes and/or preventing them from opening up.

    •  clever username says:

      i agree with just about everything you said here, other than the fact that we still have huge holes on the o-line. you say that boothe is overrated, and while that might be true, i think one of the most important parts to having a strong o-line is continuity, and keeping boothe and beatty together on the left side would play out better than bringing in a new ‘professional’ to fill the role. i haven’t heard anyone talking about the late round o-line draft picks from recent years making me believe that they’re nothing to get excited about, so there are still two big holes to fill, along with a couple of aging linemen hitting the ends of their careers (Snee/Diehl). i like NYG strategy of taking best available in the first, but after that we really need to target young, talented o-linemen and avoid these ‘project’ players. CB is still thin, and depending on whether or not Herz can show improvement this year, we need another young LB or two as well. otherwise, i’m very happy with the team and how JR has gone about his business this offseason. it’s not sexy, but sexy doesn’t win in the NFL, otherwise the Skins, Eagles, and even Jets would be the best franchises in NFL history.

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