On Monday, the New York Giants and star wide receiver Victor Cruz ended their four-month stalemate of contract negotiating and battles when he signed what essentially amounts to a six-year, $45.879 million deal to remain a member of the team for a long time.
We already knew that $15.625 million of the deal is fully guaranteed to Cruz, while he also gets a $9.5 million signing bonus, which goes along with the one-year, $2.879 million tender he signed last month when he was a restricted free agent.
Aaron Wilson from Scout.com broke down the explicit details of Cruz's brand new deal, which is as follows:
In 2013, since he is now under the long-term deal, his cap number goes down from $2.879 million down to $2.55 million, giving the Giants a little more cap space, especially since they still have to sign draft picks Justin Pugh and Ryan Nassib.
In 2014, his cap number is $7.424 million, $3.995 of which is guaranteed, plus he gets a $1.5 million roster bonus and a $25,000 workout bonus.
In 2015, his cap number is $8.125 and his salary is $6.15 million, which is not guaranteed and he'll also have a $75,000 workout bonus.
In 2016, Cruz's cap number is $9.9 million and his salary is $7.9 million, which again is not guaranteed. plus he will get a $100,000 workout bonus.
In 2017, his cap number is $9.4 million and his salary is $7.4 million, which like the last two seasons is non-guaranteed and his base salary is $100,000.
In 2018, which is the final year of his contract with the Giants, Cruz's cap number is $8.4 million with a base salary of $8.4 million and a $100,000 workout bonus.
Giants General Manager Jerry Reese had to maneuver around to make this deal happen, but from the sounds of things, it turned out to be a very team-friendly deal, especially in the middle years of the deal with Cruz not fully getting guaranteed money unless he's actually on the team.
- Be sure to like Giants 101 on Facebook, follow Giants 101 on Twitter & +1Giants 101 on Google+
- Be sure to “like” Sports Media 101 on Facebook and to follow Sports Media 101 on Twitter
- Subscribe to Sports Media 101 using Google Currents