Had wide receiver Victor Cruz not signed his one-year, $2.879 million restricted free agent (RFA) tender, today would have been the day the New York Giants had the option of reducing his tender amount. And although many experts and pundits didn't anticipate Big Blue doing so, it turns out the team had every intention of exercising the option to slash his tender amount to $630,000.
That decision is something Cruz and his agent, CAA's Tom Condon, were undoubtedly aware of and something they acted on accordingly. If they hadn't, the already negative negotiations could have turned into something much, much worse.
Still, despite the tender, Cruz and the Giants remain roughly $1 million apart on a long-term deal and a training camp holdout appears to be a somewhat realistic option. And should a holdout occur, Cruz is now eligible to be fined $30,000 for each day of training camp missed.
However, there is a catch to any potential holdout. As Mike Florio of Pro Football Talk recently pointed out, Cruz cannot extend any holdout beyond the date of August 6th. If he does, he loses an accrued year of free agent eligibility and would become a restricted free agent again in March of 2014.
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