The New York Giants have offered Victor Cruz a long-term deal worth more than $7 million annually, but the wide receiver has balked at accepting it. On Tuesday morning, Bob Papa of Sirius NFL Radio may have given an indication of why that is: the $7+ million annual contract includes $21 million guaranteed and, apparently, that's not enough.
Papa suggests the lingering standoff hinges on the guaranteed money and that Cruz is seeking more than General Manager Jerry Reese & Co. are currently offering. And although this is mere speculation on behalf of Giants 101, it would seem Cruz and his new agent, Tom Condon, are looking for a Mike Wallace-type guarantee of $27 million.
At over $7 million annually and $21 million guaranteed, Cruz would be one of the highest paid wide receivers in the entire league, pulling in more guaranteed money than Greg Jennings or even Danny Amendola and Wes Welker combined.
"With the injuries in the NFL, you offer me guaranteed money like that, sign me up," Papa said.
Yet here we are … still in a standoff. And assuming the offer is for at least five years, that would mean Cruz is turning down a $35+ million deal ($49+ million if the offer is for seven years) with $21 million guaranteed. That's about as good as it's going to get for a number two (slot) receiver.
Whatever the case may be, this situation is still several weeks from over. Teams have until April 19th to sign Cruz to an offer sheet, and if that doesn't happen, Cruz will have to decide whether he wants to sign the deal or play 2013 on the $2.879 tender and risk becoming an unrestricted free agent in 2014.
Photo Credit: Mike Gannon
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