Jay Glazer first reported that the New York Giants and wide receiver Victor Cruz agreed on a five-year deal worth up to $43 million.
The new extension will go on top of his current one-year tender, with the grand total being worth $45.879 million and keeping him on the roster through the 2018 season.
Now Curz’s deal is a bit different than most, the deal fully-guarantees him $15.6 million in 2013 and 2014, but come 2015 the deal gets a little wacky. His contract then converts into a series of four one-year deals.
Here is the worth of each of the four one-year deals, all of which are not guaranteed. In 2015 Cruz could make $6.15 million, in 2016 $7.9 million, in 2017 $7.4 million, and in 2018 $8.4 million. If the Giants look to trade or cut Cruz after the first two seasons they will face a cap consequence in excess of $6 million, but that number will go down with each passing year.
This isn’t the deal many assumed that Cruz would take, but it allows him to stay in New York, where he...