Negotiations for Victor Cruz’s contract restructure are underway.
Negotiations are underway, and the Giants hope that they can strengthen their salary cap base by trimming salary off wide receiver Victor Cruz’s contract.
The restructure, according to ESPN’s Dan Graziano was inevitable.
The New York Giants had discussions last week with the representatives for wide receiver Victor Cruz about restructuring Cruz’s contract, a source close to the situation said. Sometime in the coming days, the two sides likely will come to an agreement that reduces Cruz’s 2016 salary
The result has seemed inevitable for some time. Cruz hasn’t played since tearing his right patellar tendon in Week 6 of the 2014 season. He made $4 million that season and $6.15 million in 2015 despite missing the entire season with a left calf injury. He has three years left on his contract and is scheduled to make $7.9 million in salary and cost $9.9 million against the cap this season. Having no idea what kind of player they can expect him to be following such a significant knee injury and so much time off, the Giants would release Cruz if he refused to work with them to reduce that cap number.
Most fans and Giant insiders believed this restructure would happen at some point this off-season. Cruz, who continues to rehab could be an essential part of the Giants passing game if healthy.
The Giants told Victor Cruz they’ll release him unless he agrees to pay cut, is being reported by multiple outlets.