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Victor Cruz - 5-yr extension for $43 million

jd311 : 7/8/2013 1:16 pm
Giants and Victor Cruz have agreed to terms on new 5-yr extension for $43 million on top of his 1 yr tender. Expected to sign it by tomorrow
Per Jay Glazer twitter  
jd311 : 7/8/2013 1:17 pm : link
woooo
Post source, please  
JonC : 7/8/2013 1:17 pm : link
before the wolves.
Gracias  
JonC : 7/8/2013 1:17 pm : link
Pete in VA, it appears you have your answer.
so 6 years/$46 million?  
YAJ2112 : 7/8/2013 1:17 pm : link
sounds good to me
the question is if this is really 6 years for $46 million  
mort christenson : 7/8/2013 1:18 pm : link
.
Legit?  
arcarsenal : 7/8/2013 1:18 pm : link
.
How much guaranteed is the question  
steve in ky : 7/8/2013 1:18 pm : link
.
5 for $43 million would be fantastic by itself  
Kyle : 7/8/2013 1:18 pm : link
As an extension, even better.
Jay Glazer  
jd311 : 7/8/2013 1:19 pm : link
is a great source id say
so close!  
jlukes : 7/8/2013 1:19 pm : link
5 years, 45 million, 15 million signing bonus, 22 total guaranteed
jlukes : 3/11/2013 5:10 pm
First year cap hit just shy of 4 mil
Glad it's over.  
Britt in VA : 7/8/2013 1:19 pm : link
On to Nicks.
...  
TomTom : 7/8/2013 1:19 pm : link
@MikeGarafolo $15.6 million guaranteed for Curz, per Glaze
Woot!!!....  
rptl530 : 7/8/2013 1:20 pm : link
if the $15.6m guaranteed is right.
interested to hear if that 15.6 is signing bonus  
jlukes : 7/8/2013 1:21 pm : link
or total guarantees (signing bonus + guaranteed salary)
Highly doubt they mean 5+1  
ZogZerg : 7/8/2013 1:21 pm : link
They mean 5 years for 43.
Cruuuuuuuuuuuuzzzzz  
arcarsenal : 7/8/2013 1:21 pm : link
.
wow  
GIANTSr01 : 7/8/2013 1:21 pm : link
if these numbers are accurate, AWESOME deal for the Giants! 6 yrs/$46M (~$7.7M per year and likely backloaded) PLUS only $15M guaranteed. That's likely a very cap friendly deal the next few seasons.
The 15.6  
lono801 : 7/8/2013 1:21 pm : link
is basically what he was going to get paid this year and next after The Giants Hit him with the Tag...

No? Or close to it...
And by the way, nice job Giants...  
Britt in VA : 7/8/2013 1:22 pm : link
that's a solid deal.
Fantastic  
Jerry in DC : 7/8/2013 1:22 pm : link
..
just did a little salsa  
Les in TO : 7/8/2013 1:22 pm : link
move in my chair in honor of this.
cool  
BigBluePrestige : 7/8/2013 1:22 pm : link
beans.

Time to buy a Cruz jersey.
for comparison  
jintz4life : 7/8/2013 1:23 pm : link
mike wallace got 5/60 with 30m guaranteed
jlukes was fuckin' money on that prediction.  
GiantFilthy : 7/8/2013 1:23 pm : link
Salsa time!
jlukes  
ZogZerg : 7/8/2013 1:23 pm : link
Great call! I remember that post.

8.6 mil per is a little more than I wanted the Giants to pay. We'll see how it works out.
So the Cruz threads will end now?  
BigBlueinChicago : 7/8/2013 1:24 pm : link
Sad and happy day all at the same time.
Great news  
MadPlaid : 7/8/2013 1:25 pm : link
Now lets get back to business.
lono  
ZogZerg : 7/8/2013 1:25 pm : link
giants weren't tagging him next year. So no.
wow!  
jlukes : 7/8/2013 1:26 pm : link
Jay Glazer ‏@JayGlazer 24s
In Cruz's new extension he gets 15.6 mil in guarantees early in deal. Overall, really strong for Vic



Sounds like the signing bonus is small, but his salaries early on are guaranteed
This is why it pays...  
Phil from WNY : 7/8/2013 1:26 pm : link
to ignore the wannabe salary-cap analysts.
Seems like  
snumber6 : 7/8/2013 1:27 pm : link
both sides got what they wanted or needed ...

Cruz being a Giant for the rest of his career was top on the list for both sides ...
Giants got the dollars per years overall ... and Cruz got the dollars per yer post tender ...
His endorsements are rolling in.....  
WideRight : 7/8/2013 1:27 pm : link
The hometown discount has become a hometown surplus.

Soon he's going to replace Strahan on the "Kelly and Victor" show. Smart man
Why wouldnt the Giants tag him?  
lono801 : 7/8/2013 1:29 pm : link
I have read some pretty good arguments here why they would...
..  
jd311 : 7/8/2013 1:30 pm : link
Ralph Vacchiano ‏@RVacchianoNYDN now
Victor Cruz's deal is technically a contract extension. He'll play for $2.879M this year, then a 5-year, $43M extension kicks in next year.
...  
jd311 : 7/8/2013 1:30 pm : link
Ralph Vacchiano ‏@RVacchianoNYDN now
So he's now signed through 2018. And as @MikeGarafolo just noted, it's really a 6-year, $45.879M deal (with $15.6M guaranteed). #NYG
wow.  
Britt in VA : 7/8/2013 1:30 pm : link
.
Optimus,  
Big Blue '56 : 7/8/2013 1:31 pm : link
your best guess as to whether or not Eli restuctured? Other possibilities?
that is a good deal for the Giants  
Larry from WV : 7/8/2013 1:31 pm : link
really happy about the 6 years.
Best news I've heard all day!  
T-Bone : 7/8/2013 1:32 pm : link
Great job Reese!
incredible!  
Josh in the City : 7/8/2013 1:32 pm : link
that's the right dollar amount for both sides.
Ok, now let's obsess about Nicks.  
the_fridge : 7/8/2013 1:32 pm : link
.
wow  
teamschlitz : 7/8/2013 1:32 pm : link
6 years at 46 essentially? that is quite the deal for the giants.
Really surprised at the small guaranteed number  
jcn56 : 7/8/2013 1:32 pm : link
But can't complain - glad to have him here to stay!
Beautiful,  
NJGiantFan84 : 7/8/2013 1:32 pm : link
great price, locked him up, now on to Nicks and JPP!
Wooooo Hoooooo!  
NYMase : 7/8/2013 1:32 pm : link
YES! So glad this is done! Cruz missile time!
Found...  
Tom [Giants fan] : 7/8/2013 1:33 pm : link
this
Link - ( New Window )
Seems like a win/win...  
chrispisano66 : 7/8/2013 1:33 pm : link
Cruz gets his $$ and security from a top NFL franchise, which just so happens to be in his hometown and continues to play with a top-flight NFL QB.

The Giants keep their man and their flexibility to re-sign Nicks/JPP down the line if they choose to do so.

Today is a very good day.
6 years at 47 million?  
islander1 : 7/8/2013 1:33 pm : link
holy crap, that's all kinds of win.
Wow.  
Enoch : 7/8/2013 1:33 pm : link
No wonder Cruz was less than eager to sign quickly-- that's a *very* team-friendly deal.
Jay Glazer  
Headhunter : 7/8/2013 1:35 pm : link


Jay Glazer 2m
The Giants have history of not paying wideouts, they often let em walk and replace thru draft. Makes Cruz's deal even more impressive
Beat Writer / Columnist
Good health,  
oldog : 7/8/2013 1:35 pm : link
Victor.
Can't wait to see the full details....  
rptl530 : 7/8/2013 1:35 pm : link
but if it's essentially a 6 yr deal and $15.6 guaranteed, that's an incredibly sweet deal for the Giants.

BB '56  
GIANTSr01 : 7/8/2013 1:36 pm : link
with those numbers it's unlikely Eli re-restructured since the $2.8M already counted against the cap and they were in good cap shape next season and beyond.
It's good for Cruz as well  
YAJ2112 : 7/8/2013 1:36 pm : link
As young as he is, he will almost assuredly see the whole 46 million.
very solid  
RD in CT : 7/8/2013 1:37 pm : link
deal for the Giants. As noted millions of times, this is why you should be patient with things like this. How many "Cruz is greedy" type threads did we really need?

Can people now accept that the giants and cruz were simply going through a very standard negotiation process?

Can't wait to see this happen with Nicks and that same contingent screams about how he's greedy, just like Cruz was.
That's a great deal for the Giants...  
Jan in DC : 7/8/2013 1:37 pm : link
Having him play for that 3 mil this year and adding the 5 on top of that? Great great stuff.
well sure, Cruz wont exactly suffer  
islander1 : 7/8/2013 1:38 pm : link
with the guaranteed money and endorsements he's going to have locked in now. He also can say it's not "his" contract that hamstrings the franchise because this is a more then fair deal for the FO.
yay  
GiantsLaw : 7/8/2013 1:39 pm : link
yay
YEAH!!!!!!  
Exit 172 : 7/8/2013 1:40 pm : link
NICE JOB, GIANTS AND VICTOR!!!
Okay, so can we now put to rest  
eclipz928 : 7/8/2013 1:40 pm : link
at least temporarily this idea that Reese is a mediocre GM and Cruz is a money-hungry diva? This is an absolutely fantastic deal that speaks well to both of these guys character and professionalism.
I'm stunned at how  
T-Bone : 7/8/2013 1:41 pm : link
good a deal that is for the Giants.
'Tis a great day for all.  
arcarsenal : 7/8/2013 1:41 pm : link
The deal was inevitable.. I never ever felt like there was a chance it wouldn't get done but I'm glad it's finally over with.
In Reese we trust, indeed.  
Britt in VA : 7/8/2013 1:41 pm : link
.
Great news.  
an_idol_mind : 7/8/2013 1:41 pm : link
The Giants have an excellent young receiver locked up now and Cruz gets his money.

Big thumbs up for Cruz, too, for keeping quiet to the media during the whole affair.
Still no sticky?  
vibe4giants : 7/8/2013 1:43 pm : link
Don't want to compete with 'What's everyone think of the new front page?' thread?
Can the "fuck this guy, he's a diva" crowd please come forward?  
David in LA : 7/8/2013 1:44 pm : link
.
What's also great about this deal  
eclipz928 : 7/8/2013 1:44 pm : link
is that it sets the standard for negotiations with Nicks. It'll be feasible for the Giants to hold onto both these guys if Nicks decides to take similar money.
Reese deserves a new contract...  
GMAN4LIFE : 7/8/2013 1:44 pm : link
this is very impressive.
Fuck this guy, he's a diva.  
arcarsenal : 7/8/2013 1:45 pm : link
.
David...  
rptl530 : 7/8/2013 1:45 pm : link
they're either in hiding or have gotten amnesia. :)
Greg Buttle  
Headhunter : 7/8/2013 1:45 pm : link
"The Jets should have never cut him in training camp"
Eli finally gets to work with a star receiver  
bceagle05 : 7/8/2013 1:46 pm : link
for an extended period of time. Really psyched about this, like everyone else. Cruz is a great player.
great news!  
UConn4523 : 7/8/2013 1:46 pm : link
hope all the idiots who claimed he was a clown for taking this long go away. The guy did what was best for his family and it looks like both sides got a great deal.
GIANTSr01,  
Enoch : 7/8/2013 1:47 pm : link
Depends on when the bonus payments happen.

If Cruz got any kind of immediate signing bonus, part of that has to be amortized against the '13 salary cap. While it's certainly possible that the big bonus payment is going to come at the beginning of the '14 League Year, it would absolutely floor me if Victor won't get at least a little cash in his pocket when he signs the deal.
looking forward  
NYG007 : 7/8/2013 1:47 pm : link
to our cap guru posting the details, if we cut him in year 3, etc, all that juicy stuff.

now, we gurantee a few things with Nicks.

A) long term deal
B) Franchise and guranteed him in 2014
C) Trade to the Panthers for several picks, because thats where he wants to play if no NYG

Thank you Victor, you earned it, now on to Nicks.
Well...  
Britt in VA : 7/8/2013 1:49 pm : link
Quote:
What's also great about this deal
eclipz928 : 1:44 pm
is that it sets the standard for negotiations with Nicks. It'll be feasible for the Giants to hold onto both these guys if Nicks decides to take similar money.


Nicks isn't going to take similar money. He wants outside reciever money. Cruz is top of the market slot reciever money.
Awesome news  
Model4001 : 7/8/2013 1:50 pm : link
.
I have a tough time seeing a Nicks trade to the Panthers  
David in LA : 7/8/2013 1:50 pm : link
Hakeem will be UFA, a trade would have to be worked out before week 6 this year for that to happen.
Woohoo!  
Kevin in Annapolis : 7/8/2013 1:51 pm : link
Good  
Spock : 7/8/2013 1:51 pm : link
Nicks is next up....next year. Wait to see if he can stay healthy.
David  
Kevin in Annapolis : 7/8/2013 1:52 pm : link
he could be Franchised and traded.
Frees up the Franchise Tag or Transition Tag  
jlukes : 7/8/2013 1:54 pm : link
for Nicks
My guess is Nicks will get something between Jennings and Wallace  
jlukes : 7/8/2013 1:56 pm : link
probably 5 years, $52 million, $22 million guaranteed
NFL Network  
AnishPatel : 7/8/2013 1:58 pm : link
with Aditi K. just said that he just signed the deal that was on the table from the get go. The one where Mara said if he signed it, he would be a very rich young man. So nothing new, we wouldn't budge and he took the offer that was there on the table.
Excellent news  
B in ALB : 7/8/2013 1:58 pm : link
So BBI went thru its normal timeline of madness:

- Greedy asshole Cruz needs to sign now!
- Cruz is going to the Steelers
- He spends too much time modeling
- He spends too much time as a shill for Time Warner
- Fuck him, let him walk we still have Nix
- Fuck him, let him walk we still have Jernigan who's ready for a breakout year
- Fuck him, let him walk Randall's ready to dominate because Jernigan sucks
- Fuck him, let him walk he drops too many balls and didnt block once
- Shit!!! He signed his tender!!! Damnit! This is the end! No more Curz!!!
- Yea!!!!! He signed his tender!!!
- Anybody hear from Curz?
- Sides are too far apart
- One year rental
- Sides are really close
- Yeah, whatever
- Could be today
- Could be tomorrow
- Woohooooo!!!!!!!!!!!!!!!!!! Five year extension!!!!!!!!!! We're all geniuses and Curz rules!!!
Playing this year for his tender  
GiantFilthy : 7/8/2013 1:58 pm : link
makes this a crazy good deal for the Giants when you think about the other numbers that have been thrown around for the last couple of months.

Excited to see the Eli-Cruz combo for the rest of their careers!
I can't imagine the Giants not having to budge at all.  
GiantFilthy : 7/8/2013 1:59 pm : link
Don't think this was the time or the player to give a take it or leave it type deal.
Good deal both ways  
njm : 7/8/2013 1:59 pm : link
The difference in endorsement money and other perks from playing in NY should more than offset any difference in salary Cruz would have received from another team.
Kevin, a franchise tag would be an enormous sum to be on the hook for  
David in LA : 7/8/2013 2:00 pm : link
I don't think we have that type of room to tag Hakeem. I suppose we can use a transition tag though.
Yussss!  
Geomon : 7/8/2013 2:01 pm : link
If he's playing this year....  
rptl530 : 7/8/2013 2:01 pm : link
for the $2.875m and that's part of the $15.6m guar then that's even better. Even if you add 2.875 to the 15.6 it's a good deal for the Giants.
now victor...  
shabu : 7/8/2013 2:03 pm : link

Congratz !
David, the amounts aren't that different between the tags  
YAJ2112 : 7/8/2013 2:04 pm : link
Position
Franchise/Transition

Quarterback:
14,896,000/13,068,000

Running back:
8,219,000/6,970,000

Wide receiver:
10,537,000/8,867,000

Tight end:
6,066,000/5,194,000

Offensive lineman:
9,828,000/8,709,000

Defensive tackle:
8,450,000/7,039,000

Defensive end:
11,175,000/9,151,000

Linebacker:
9,619,000/8,358,000

Cornerback:
10,854,000/9,095,000

Safety:
6,916,000/6,002,000

Kicker/punter:
2,977,000/2,700,000
Excellent  
GiantBlue : 7/8/2013 2:06 pm : link
While the Patriots fans turn in their Aaron Hernandez jerseys, we get to keep and relish our CRUZ jerseys!

Long live #80! Viva Cruz! Viva Cruz!

Jerry gets to enjoy a couple of cold Stella's tonight on his patio!
freaking  
santacruzom : 7/8/2013 2:06 pm : link
YES!

I hope he's happy about it, but based on the kind of guy he appears to be, I'm sure he is.
Great deal  
Mark from Jersey : 7/8/2013 2:08 pm : link
good money for Cruz and he gets a nice chunk up front.
Great news!!  
Sean in PA : 7/8/2013 2:12 pm : link
.
$46/6yrs = $7.6 mil per avg salary.  
andrew_nyg : 7/8/2013 2:12 pm : link
That's a GREAT JOB by JR and the Giants FO.

Nice job by Cruz to take it and rake in the NYC endorsements and business opportunities.

WIN-WIN-WIN

JR is in a great position to negotiate with Nicks now at an average of $8.5 per. Given last season and the time he missed due to injury through his 1st contract, that would be a helluva deal.
jlukes  
Saos1n : 7/8/2013 2:14 pm : link
Are you stating that's what you think he will get from the Giants, or in general. Hoping we can extend him too, but I'm not holding my breath...
I think from the Giants. If he hits the open market  
jlukes : 7/8/2013 2:15 pm : link
I could see him getting more
Well deserved  
Milton : 7/8/2013 2:15 pm : link
Any predictions about what Nicks will command next year is premature without knowing if he can stay healthy.
the Giants only have ~$104M  
GIANTSr01 : 7/8/2013 2:15 pm : link
against the 2014 cap. They could easily assign the franchise tag to Nicks after this season (even assuming a flat cap). And that $104M cap figure includes the huge cap hits of Rolle/Snee that are likely to be slashed (via cut or restructure)
finally... some reputable sources... unlike the sources we had on BBI  
GMAN4LIFE : 7/8/2013 2:17 pm : link
.
Article from NFL.com  
ZogZerg : 7/8/2013 2:18 pm : link
Nice write-up.

6 year 7.65 mil per is a great deal for the Giants. That sounds much better than the 8.6 mil per I initially thought was signed. Glad to see that the Giants stuck to their guns.

Reese deserves a lot of credit here. Most GMs would have thrown in extra $$.
Cruz signs 6 year extension - ( New Window )
Milton,  
Big Blue '56 : 7/8/2013 2:20 pm : link
I'm fine with having Nicks for two more years(This year and possible tag next year)...Unless it's for reasonable money(8-9 per), I'm totally fine letting him prove he can stay healthy and viable..In the meantime, Randle could take a leap for us during this time
104 mill  
Chip : 7/8/2013 2:24 pm : link
more like 110 mill after cruz signing. I would not use a wr franchise tag on Nicks (close to 11 mill). I do agree there will be savings with rolle and snee
you're right Chip  
GIANTSr01 : 7/8/2013 2:29 pm : link
but even the $110-112M number would account for 50 players under contract, so it's not like they need to go out and make 10+ major moves.

And I believe they could save $7M+ on Snee and Rolle EACH. Plus Eli can always be restructured (he has a $20M cap hit in 2014). Pending extensions for Nicks and Joseph, they are in very good cap shape going forward.
Who's the agent?  
KWALL : 7/8/2013 2:32 pm : link
He should have done better for Cruz.
Excellent News  
Emil : 7/8/2013 2:33 pm : link
JR has done it again. Now lets see if he can pull off a similar cap friendly signing with Nicks prior to 2014...
Hallelujah! - ( New Window )
Tom Condon  
Headhunter : 7/8/2013 2:34 pm : link
.
Good deal for Cruz too.  
FatHeadTommy : 7/8/2013 2:34 pm : link
He has history here with this team. He is a local guy. He is loved by the fans. It is smart for him to stay here where he can potentially have a great career, get paid at a reasonable rate, with the potential to make a lot of endorsement money, and with the long term prospect of being a fixture in NY/NJ for the rest of his life. He will have chances to make money here long after his playing years are over. Smart kid. Good deal.

Now lets get ready for some football.
Elijah  
Chip : 7/8/2013 2:36 pm : link
needs to extend his contract. extend Rolle , retire Snee or salary cut. sign Nicks and JPP and a long term solution at TE. Good luck Jerry
Love this deal for  
gmen9892 : 7/8/2013 2:36 pm : link
the Gmen. From the sounds of it, they stuck to their guns the whole time and waited for VC and Condone to come to them. Perfectly played as usually by JR. Now comes the tricky part with Nicks. If JR can pull off signing Hakeem without hampering the team too much (which I dont think JR would do), then you give that man a raise ASAP.
sorry  
gmen9892 : 7/8/2013 2:36 pm : link
condon*
Well done Jerry  
Canton : 7/8/2013 2:36 pm : link
Cool beans.  
Curtis in VA : 7/8/2013 2:40 pm : link
.
PFT  
jintz4life : 7/8/2013 2:42 pm : link
reporting signing bonus just under 10m
Bye Bye Nicks  
Steve in South Jersey : 7/8/2013 2:44 pm : link
I thought Nicks was a higher priority but the Giants must have decided that his health was too risky.
Nice!!!!  
Patrick : 7/8/2013 2:44 pm : link
.
I think this deal makes it more likely we can retain Nicks as well  
redbeard : 7/8/2013 2:45 pm : link
we will have a lot of money coming off the books next offseason and a few players (Rolle and Snee) who could be let go for big savings if need be


I'm pumped about this deal...Jerry and friends did a hell of a job
Cruz lost his leverage once he signed his tender  
mfsd : 7/8/2013 2:45 pm : link
his only remaining options were to play for the $2 million and change tender this year, or hold out into the season, a la Logan Mankins and Vincent Jackson - neither of which were very good options, compared to the deal he just agreed to

Reese did a fine job of sticking to his guns here, and Cruz gets $15 million guaranteed, which isn't too shabby
What a relief!  
VanPelt/Manning#10 : 7/8/2013 2:46 pm : link
Agree with all the assessments about what a great deal this is for all sides. Also thinking about the implications for Nicks, but mostly just enjoying the prospect of having Cruz in the fold for a long time.
actually, he really lost his leverage  
mfsd : 7/8/2013 2:48 pm : link
when he didn't get any outside offers to use to drive up the price on the Giants...probably in no small way b/c he made it clear he wanted to be a Giant

So in other words, his loyalty probably cost him some money. But he should still be pretty pumped about this payday, as an undrafted free agent
Steve  
Emil : 7/8/2013 2:49 pm : link
No reason JR can't sign Nicks next year, the money will be there. Eli can restructure, Rolle and Snee could be cap casualties (Snee could retire). Tuck may be gone. Nothing about the Cruz signing means Nicks won't be here next year. The only way Nicks is absolutely gone is if he puts up Megatron numbers and gets a mammoth contract offer. (If that happens, I hope JR franchises him)
Loyalty may have  
Emil : 7/8/2013 2:51 pm : link
cost Cruz some money, but if he and Eli win another championship and he continue to put up similar numbers for the next 5 years not only will he be a permanent NY sports icon, but he could receive HoF consideration. I think Cruz wants legacy and he wants it in his backyard.
Emil - yup  
mfsd : 7/8/2013 2:53 pm : link
Cruz no doubt heeded some good advice that staying in NY and continuing to be a star with the Giants will pay off in the long run a lot more than squeezing out more money in this deal to go play in Carolina or wherever
The difference in money  
snumber6 : 7/8/2013 2:56 pm : link
was - all the money you'll need for the rest of your life or all the money you'll need for the rest of your life + 10 % ...
Everyone wins  
GiantJake : 7/8/2013 2:59 pm : link
Cruz stays home and gets security. The Giants get to keep a great player without breaking the bank. Well done, Jerry!
Cruz is at Timex signing the deal now  
RodneyHamp : 7/8/2013 3:00 pm : link
apparently.
I  
AcidTest : 7/8/2013 3:00 pm : link
honestly didn't think it was more than 50/50 at this point. We'd heard so much about it being so close with nothing to follow. This is a great deal for the Giants and Victor as others have noted. And it's so nice to have Victor on the Giants for years to come. Well done to everyone.
He is now the 2nd highest paid player on the team now, correct?  
Curtis in VA : 7/8/2013 3:01 pm : link
I wonder if or how that will have any bearing on Nicks and JPP.
look who just arrived to sign  
GMAN4LIFE : 7/8/2013 3:01 pm : link



...  
Rick5 : 7/8/2013 3:03 pm : link
Awesome. Gotta keep Nicks too!
This absolutely doesn't mean "Bye bye Nicks"..  
arcarsenal : 7/8/2013 3:03 pm : link
IMO, Nicks is going to be their next priority. I don't think they went into this thing saying "well, it's one or the other.." .. I think the goal was to lock up both together.
I doubt that the Giants have yet decided  
Enoch : 7/8/2013 3:08 pm : link
how they will prioritize a potential Nicks extension. They offered him a (certainly quite low) extension earlier this offseason, and Nicks rebuffed them. (Which is what they had to expect-- Nicks would've had to have been stupid to start negotiating now, coming off the season he just had.)

Now, they get to see how he does in camp and over the course of the season, as well as how the other WRs on the roster do. They'll make a decision on what kind of offer to make Nicks (including whether to Franchise him) after they complete all those assessments.
The good news is no more" Can the Giants sign Cruz threads".  
wgenesis123 : 7/8/2013 3:09 pm : link
Unfortunately we will now see a gazillion "Can the Giants sign Nicks threads". Happy for Victor Cruz and happy for Giants fans that Cruz is finally signed.
Contract details  
Pete in VA : 7/8/2013 3:12 pm : link
This year, the cap hit will be less than it would have been with the RFA contract. About $2.2 million.
Contract details - ( New Window )
Great news.  
Dave in Hoboken : 7/8/2013 3:13 pm : link
Took alittle longer than I thought, but happy it's done. Nicks is next.
arc  
Milton : 7/8/2013 3:15 pm : link
I agree 100% that this doesn't preclude them from signing Nicks, but before he can become the next priority--as you call him--he needs to prove he can stay healthy. This is not something any of us can have an informed opinion about. All we can do is wait and see.

The most prudent strategy might be to take it one year at a time and take advantage of the franchise tag in 2014. Otherwise the Giants could end up on the wrong end of the Steve Smith scenario.

One thing that impressed the hell out of me about Cruz was his ability last year to take a licking and keep on ticking. Mentally he may have shown his share of alligator arms, but physically he was as tough as could be.
Today is a proud day for the whole operation.  
Ten Ton Hammer : 7/8/2013 3:18 pm : link
job well done, Giants. Hope Pat Hanlon and Co. See this.
Awesome deal  
micky : 7/8/2013 3:20 pm : link
By the sounds of deal, good for both parties
no champagne?  
Eli2Plax1017 : 7/8/2013 3:21 pm : link
...
Milton...  
arcarsenal : 7/8/2013 3:24 pm : link
I agree Nicks' health will play into their decision somewhat.. but they also may want to try and lock him up sooner while his value may be a bit lower since he's seen as an injury prone player.

If Nicks gets through the 2013 season relatively healthy and puts up monster numbers, he may play himself out of our price range in terms of a LT deal in which case we may have to just tag him and go from there.
obligatory  
Anando : 7/8/2013 3:25 pm : link
.....  
yankees78 : 7/8/2013 3:28 pm : link
Thank god that's over with.
arc  
Milton : 7/8/2013 3:37 pm : link
I don't think there's a number right now that is high enough for Nicks to be happy and low enough that the Giants feel it's worth taking on the injury risk. I think we get into that scenario in 2014 with the Giants utilizing the franchise tag as the tool to keep Nicks reasonable (and outside the reach of free-spending owners).
The performances of two other players  
Milton : 7/8/2013 3:44 pm : link
namely JPP and Randle will also play a role in how the Giants approach re-signing Nicks. If Randle has a big year, the Giants could use the franchise tag on Nicks and take trade offers.
Cruz will be having a conference call  
RodneyHamp : 7/8/2013 3:52 pm : link
at 4:15
Milton's 3:37 is accurate, at this point time  
JonC : 7/8/2013 3:52 pm : link
based on what I was told. Nicks' camp is aiming for $11-12M per, and he knows he needs to post a big (and healthy) season to pull it off. He also seems ok with the potential idea of jumping to another team for the money, if need be.

In the end, he'll probably have to compromise to an extent just as Cruz did, so they can crunch more space for JPP's monster deal the following offseason.
I'm glad I was wrong about Cruz...  
Klaatu : 7/8/2013 3:56 pm : link
And guys like jlukes and gersh were right. I really didn't want him to walk.
Nicks is going to be a harder sell.  
Curtis in VA : 7/8/2013 3:57 pm : link
He doesn't have the kind of business/financial ties to NY that Cruz does.

JPP has 3 more years  
Big Blue '56 : 7/8/2013 4:02 pm : link
under contract including this year
JonC......Is JPP  
drkenneth : 7/8/2013 4:03 pm : link
a big of a lock as he once was? Bad year last year, bad back...Are the Giants going to still throw a ton of $$$ at him?
A FA in 2016.  
Big Blue '56 : 7/8/2013 4:03 pm : link
Loads of time to sign him
Isn't JPP a FA in 2015?  
arcarsenal : 7/8/2013 4:05 pm : link
.
No, according to Optimus,  
Big Blue '56 : 7/8/2013 4:06 pm : link
he signed a 6 year rookie deal
I don't think that's right.  
arcarsenal : 7/8/2013 4:07 pm : link
I'm pretty sure he signed a 5 year deal in 2010.
Or maybe it is.  
arcarsenal : 7/8/2013 4:08 pm : link
Spotrac has him a FA in 2016.. rotoworld has him a FA in 2015.
JPP  
JonC : 7/8/2013 4:09 pm : link
It was announced as a 5 year at the time he signed it.

I don't view JPP as a lock yet, and it's likely the team's in no rush either, given the numbers his camp floated a year ago (7 yrs $125M).
2016 would push things back a year  
JonC : 7/8/2013 4:10 pm : link
Not so sure they'd wait until the last gunfire if he were a UFA in 2015.
..  
arcarsenal : 7/8/2013 4:10 pm : link
Quote:
It's not quite the biggest contract ever signed by a former USF football player, but it's still a huge day for defensive end Jason Pierre-Paul, the first-round draft pick who signed Saturday with the New York Giants. According to NFL.com and ESPN.com, he signed a five-year deal worth $20-million, with $11.6-million guaranteed.
I originally thought 2015 as well  
Big Blue '56 : 7/8/2013 4:10 pm : link
as most here said that's when he would be a FA. Optimus said no, it's 6..If correct, that gives us loads of time
OOMF.  
Curtis in VA : 7/8/2013 4:10 pm : link
.
(That's from July of 2010)  
arcarsenal : 7/8/2013 4:11 pm : link
.
NFL.com and ESPN  
Big Blue '56 : 7/8/2013 4:11 pm : link
have nothing on Optimus..;)
I posed the question to Optimus  
Big Blue '56 : 7/8/2013 4:15 pm : link
on his salary cap thread. Awaiting his reply
Eric has JPP signed thru...  
rptl530 : 7/8/2013 4:31 pm : link
the 2015 season. That's the number I go by when making any kind of projections. I'm sure if Eric wasn't sure there would be the obligatory ????.

FWIW, even though I'm sure everyone's checked that.
Does the extra year with JPP  
robbieballs2003 : 7/8/2013 4:33 pm : link
Have anything to do with being a restricted FA?
robbie...  
rptl530 : 7/8/2013 4:36 pm : link
he'll never be a restricted FA if that's what you're asking.

The descrepancy here is whether he signed a 5 yr or 6 yr deal as a rookie. My guess is that it was a 6 but maybe there's some language that lets JPP or the team out (or either or) after 5.

That's strictly a guess though.
in the previous CBA  
Neverend : 7/8/2013 4:38 pm : link
First round deals were usually 5 year deals, not sure about the top 5 or so picks, but it was always 5 years. nicks and ross got 5 year deals as well

jpp will be a FA in the winter of 2016 i guess
also  
robbieballs2003 : 7/8/2013 5:01 pm : link
Another issue may just be the timing of being a free agent. If JPP is signed through the 2015 season that means he is a free agent in 2016.
he is signed through the 2014/2015 season  
Blue Baller : 7/8/2013 5:03 pm : link
he becomes a FA in 2015

I think Optimus just screwed up, it happens

Reese and the Giants  
djm : 7/8/2013 5:06 pm : link
have had a KICK ASS offseason. I could not have dreamed up a better off season. They managed to improve the team. Re-sign all their guys while adding a few 1 year prove it deals to some very good players AND they signed Cruz long term? Fucking tits man. Tits.
I want to see JPP this season  
nyynyg : 7/8/2013 5:29 pm : link
before I get really worried about how much he "should" cost us. In my mind, these are important years for both JPP and Nicks, but for different reasons, but both with regard to how it nets into what is expected contract value.
the whole thing about Nicks needing to prove he can stay healthy  
djm : 7/8/2013 5:33 pm : link
is a bit overstated if you ask me. Lets put it this way. If Nicks misses 6 games next season due to an ankle sprain but plays like a beast in the other 10 games --scores 8 TDs with 55 catches and 800 yards receiving, does anyone really think he won't get a huge contract from NY or someone else? ON the flip side, if Nicks plays in all 16 and has a great great year would it shock anyone if Nicks missed half of the 2014-15 season?

Unless Nicks loses a leg he's gonna get paid one way or the other. And if NY does not bring Nicks back, we have a hole to fill at WR whether Randle is the goods or not. Putting all this stock in a healthy 2013 season from Nicks is great in theory but it's not going to make THAT much of a difference in the grand scheme of things. Nor should it. Guys get hurt all the time. One healthy year doesn't ensure a damn thing in years 2-3-4-5...
Thank you Victor for keeping your mouth shut and not fomenting  
Marty in Albany : 7/8/2013 5:43 pm : link
more madness here at BBI than was actually necessary. Best of luck to you.

Your combination of talent and judgment that is altogether rare in today's NFL.
sorry DJM  
nyynyg : 7/8/2013 5:45 pm : link
and BB56 may be the only guy that agrees with me. If Nicks misses 6 games next year, that is a huge red flag no matter what numbers he puts up in the other 10 games. His production when healthy is not the only metric or issue. His reliability (and durability is) and you must factor that in a big way before giving a 5 year monster contract to him.

Quite honestly, as someone else mentioned, the performance of Randle next year could have a big outside force on it too.
If Nicks  
AnishPatel : 7/8/2013 5:47 pm : link
missed 6 guys due to injury next year, I'd be pissed. He won't get a big contract from us if that happened. However, he is young enough that some team would roll the dice and try to sign him.
DJM  
TheDream88 : 7/8/2013 5:54 pm : link
A lot to disagree with in your last post, so I will take the low lying fruit... If Randle goes 65/1,000/8TDs this year Nicks will not be back in 2014 and the Giants will NOT have a huge hole to fill at WR. Randle is a major factor in Giants/Nicks situation.
ill say it again  
djm : 7/8/2013 5:57 pm : link
if Nicks misses 6 games in 2013 but his injury is not serious, he will break the bank and get a huge contract from someone.

You're putting way too much stock in the value of one healthy season and its overall impact on that player's longevity.

If Nicks plays in all 16 games that doesn't necessarily mean the guy won't miss any games in 2014 or 2015.

UNless Nicks suffers a devastating injury he's gonna get a big long term deal. You can bank on it. He's a good player who will be free to sign anywhere. Someone will chase the shiny and hope that his nagging injuries don't carry over.

How many guys have an injury free season only to get hurt the following season? How healthy Nicks is in 2013 means next to nothing in the grand scheme of things as long as he doesn't suffer a serious injury, or course.

I can rattle off dozens and dozens of NFL players  
djm : 7/8/2013 6:00 pm : link
that fell under the injury prone label due to 2-3 injury plagued seasons only to see that player subsequently turn things around and stay healthy for 2-3-4 straight seasons.

It's a crap shoot more often than not. No matter what happens with Nicks this season no one knows how healthy he is going to be in 2014 and beyond. Good luck trying to figure that out.

let's hope  
djm : 7/8/2013 6:02 pm : link
Nicks plays like a madman and doesn't miss any time this season. We can all agree that this would serve us all very well.
Nicks has the stigma  
TheDream88 : 7/8/2013 6:06 pm : link
of an oft injured player. He needs to stay healthy and play a full season in 2013 to insure he is paid to his playing potential.

Congrats to Cruz, smart move for the team and player.
Signing Nicks  
Burt in Alameda : 7/8/2013 6:27 pm : link
is a real question for the Giants. If not the Giants, there is some team that will give him an enormous contract. However, while a terrific wide out and one i hope the Giants can keep, he does not have the great speed that makes him impossible to cover and necessitates a max-deal. Also, there is the injury problem and the development of Randle. While he might want a five year--$60 million contract, i think the Giants can legitimately offer Nicks a five year--$50 or $55 million contract. If he gets a larger offer and takes the money, the Giants took their best shot and so be it.
gersh - you really had this nailed,  
BlueLou : 7/8/2013 6:39 pm : link
only you thought it would come a bit later, just before the official start of training camp. jlukes, don't break your elbow patting yourself, a lot of people had the numbers pretty well predicted (assuming VC would in fact sign with the Giants.) essentially those #s were as high as the Giants would go - JR and the team dictated the terms.

Josh in the City - WTF?

Quote:
incredible!
Josh in the City : 1:32 pm
that's the right dollar amount for both sides.


What's incredible about it if it's the right #s for both sides? Maybe I missed your point there?

To whomever worries now that "Nicks is gone". No, there will be cap room to re-sign or extend Nicks, so long as he isn't looking for Calvin - Fitz type dough rey me.

Nice job getting it done finally to both parties to the contract.
GQ here I come. (Sans bling--how refreshing!)  
Marty in Albany : 7/8/2013 6:42 pm : link
No watch no jewles just regular  
Ten Ton Hammer : 7/8/2013 6:58 pm : link
.
A long term deal worth 7.66M over 6 years  
mrvax : 7/8/2013 7:05 pm : link
is a great signing for the Giants. Good for Cruz too but he knows he could have held out for at least 8.5 to 9M somewhere else next year. Glad this got done.

Yep, Nicks will have to stay healthy this year to get dream dollars. I'd imagine if he misses a few games this season, teams will factor that into any offers.
Congrats to Victor Cruz & The NY Giants...  
Torrag : 7/8/2013 7:34 pm : link
It's a win win deal. Cruz gets rich, the Giants keep their most consistent offensive weapon over the last three seasons at home...where he belongs.

This contract sets the stage for more championships to come. The deal allows the team future flexibility within the salary cap structure. They have room to reinvest in Hakeem Nicks and JPP if they see fit to do so based on their performance and durability this season.

Mr. Mara took an unusually active role in this process early on with his statements to the media. I think it was effective but hope it is an anomaly. JR&Co played their hand very well.

Great to keep you in beloved Blue VC! See you at training camp.
Thanks Lou  
gersh : 7/8/2013 7:36 pm : link
Yes this was very predictable
The numbers just made sense for both sides
And you know he wanted to stay in NY
Sorry BBIers - no free beer
Giants aren't even thinking of JPP  
UConn4523 : 7/8/2013 8:08 pm : link
he still has to play multiple years without hurting his back to get a massive contract. There is no point of even bringing him up, especially with 2 years left.
Im glad VC is back in blue  
TheGM : 7/8/2013 8:23 pm : link
and for actually cheaper than I thought it would be...but I cant sit here and say I wasn't one of the people who didn't want to throw big money at Cruz. Go ball out Cruz...show us you're worth every penny of that contract.
I was away from the interwebs most of today  
Sneakers O'toole : 7/8/2013 9:30 pm : link
this was a great thing to log on and see!
On JPP's contract & Cruz's cap number for 2013:  
Optimus-NY : 7/8/2013 11:01 pm : link
overthecap.com has JPP's deal ending after the 2015 season, but I think that it may be a player option. Here's the breakdown:

[url=http://www.overthecap.com/cap.php?Name=Jason%20Pierre%20Paul&Position=43DE&Team=Giants]JPP contractual breakdown[/url]

Just guessing, but I think 2015 is a player option.

As far as Victor Crus' new deal is concerned, Jason Fitzgerald from overthecap.com has his 2013 cap number as being LOWER that the $2.879 M tender amount. He's got Cruz's cap number for this coming season as being $2,530,000 (that's a net cap savings differential of $349,000). I'll check this out again tomorrow to be sure. Here are two Cruz links:



I. "Victor Cruz Signs Extension: PFT With Contract Details" by Jason Fitzgerald from overthecap.com - July 8, 2013
II. Cruz's contractual breakdown - ( New Window )
Optimus  
Milton : 7/9/2013 6:47 am : link
Why are you guessing that the sixth year is a player option? That doesn't seem likely to me.

I would guess that there may be some escalator clauses attached to the sixth year or that it may be voidable based on certain parameters being met, but an unfettered option year given to a player is not very common as far as I recall.
awesome deal  
Osi Osi Osi OyOyOy : 7/9/2013 7:00 am : link
so glad to have him back. If Nicks stays healthy and Randle takes a step up, this team's passing attack has so much potential. And then add in David Wilson and Brown for the ground game... damn I'm getting excited for Giants football.
Great news,  
Randy in CT : 7/9/2013 8:00 am : link
great player and one less distraction.
i don't think teams really hand out  
nyynyg : 7/9/2013 9:01 am : link
player options on rookie contracts. it sounds off. team option, maybe.

actually, what would be the point, why on earth would you want to a one year player option, even if you were the player, on the $ of your rookie contract at that.
question about the roster bonus  
Blue Baller : 7/9/2013 9:02 am : link
"The money is paid over the first two years via a $9.5 million signing bonus, a $630,000 base salary in 2013, a $1.5 million roster bonus due in 2014, and a $4 million base salary in 2014. All of those payments are guaranteed."

Does the 2014 roster bonus apply to only the 2014 cap, the 2014-2018 caps or the 2013-2018 caps?



Baller,  
Enoch : 7/9/2013 9:15 am : link
Typically, roster bonuses are amortized over all remaining years on the contract. So 2014-2018 is the most likely answer. (It is possible for teams to deliberately not amortize bonuses, but I can't see any reason why the Giants would do that here.)
Nicks has more to do with the Giants winning than JPP does, IMO  
Go Terps : 7/9/2013 9:32 am : link
Of course the injuries are a factor, but they may be with JPP as well.

Considering that JPP figures to cost much more than Nicks, if it comes down to one or the other I don't think it's a contest. Sign Nicks.

Eli is 32. The time to surround him with the best possible tools (that means familiarity with both Eli and the offensive system) is now. No more wasting Eli time on getting guys acclimated.
If I had to decide today and it was one or the other  
Blue Baller : 7/9/2013 9:44 am : link
I'd keep Nicks at his probable 10mil a year salary over JPP at his probable 14-16mil a year salary

Luckily we don't have to decide today and with JPP we have a min of 2 more years
Blue Baller  
Go Terps : 7/9/2013 9:57 am : link
Reese may be making that decision sooner than that though if it's decided that signing Nicks precludes signing JPP.
if JPP plays like he did in 2011  
djm : 7/9/2013 10:00 am : link
the whole JPP vs Nicks thing is brutally hard to determine. Even last year's version of JPP was damn good. Was Nicks really more important to that 2011 team than JPP?

JPP was the best player on the field at times in 2011. I can't see the Giants letting that kind of player walk. Stud pass rushers are so hard to find.

I'd rather not think about JPP just yet. We have time and Nicks is the guy to worry about. Remember, a lot of former cap killers are coming off the books soon. Tuck, Diehl, Rolle, Snee, Webster maybe Baas....we will have room to sign the next wave of stars. The transition has already begun.
As I've opined previously,  
Big Blue '56 : 7/9/2013 10:05 am : link
UNLESS we can get Nicks NOW for a low figure like 7-9/year(most likely NOT happening), I would let Nicks play out this season and if he has a terrific year and actually plays an entire 16 healthy, I'd franchise him while trying to work out a long term deal..NO WAY I sign him to a big contract now. I would think the Giants want to see him perform in top notch fashion, injury-free(other than usual minor stuff players go through) before committing big money to him and I as a fan support that 100%
If both JPP and Nicks play at All-Pro level...  
Milton : 7/9/2013 10:13 am : link
...they will re-sign both. The money can always be worked out.

The guys who the Giants truly want to keep, they keep. The only one who got away that they wanted to keep was Steve Smith, but that was partly due to the fact that he didn't give them a chance to match the Eagles offer and partly due to the uncertainty surrounding his return from injury.
I don't think that  
Enoch : 7/9/2013 10:13 am : link
$10M annually is especially probable for Nicks. If he establishes that he can be his 2011 self again, the VJax and D. Bowe contracts (both in the $11M-$12M per year range) are where he's going to start the bidding.

And if he doesn't have a good year, health-wise, I suspect that he'd go for a 1 or 2 year extension before he'd sign a long-term deal at a lower figure.
there are way too many factors at play  
Blue Baller : 7/9/2013 10:21 am : link
to say that signing one guy means there is no way you can sign another

BB56 - its awfully nice of you to throw your 100% support  
Blue Baller : 7/9/2013 10:23 am : link
behind your own idea :)

I tend to agree with Terps  
nyynyg : 7/9/2013 10:26 am : link
but I am really worried about Nicks injury history and that is why I would wait to give him a big contract, he needs to play this whole year at an elite level

Regarding JPP, I know I am in the minority, but I just don't have him in that phenom category yet. He was one of the best on our D last year and maybe our poor defensive performance hurt him as well but I just don't have him in Mario Williams money territory. Note, I am not saying that he would get that from someone, I just don't want that someone to be the Giants until JPP really performs this year at a minimum.

Again, i know I may be in the minority but I just don't see how losing JPP hurts all that much when the defense collectively is so porous.
Congratulations to Giants, us fans and to Cruz  
nicky43 : 7/9/2013 10:39 am : link
I just finished reading all the postes in this thread which has turned into a Nicks VS JPP discussion.

My thoughts on Nicks are that the Giants should wait to see his health throughout this season before determining his value. My guess is they will do that because his health has been an issue. I agree with those who say if he has health issues again or a sub par performance season the Giants aren'r going to make him a big offer and I won't blame them.

Too early to discuss JPP.
nyynyg  
Go Terps : 7/9/2013 10:49 am : link
A strong argument could be made that the very best defenders in the league (say, Revis, Aldon Smith, or DeMarcus Ware) aren't worth Mario Williams money. The recent Super Bowl champions have not been strong defensive teams:

NFL rank in points scored/allowed:

2012 Ravens: 10th/12th
2011 Giants: 9th/25th
2010 Packers: 10th/2nd
2009 Saints: 1st/20th
2008 Steelers: 20th/1st
2007 Giants: 14th/17th
2006 Colts: 2nd/23rd
2005 Steelers: 9th/4th

Average ranking: 9th/13th

While that's hardly a robust scientific analysis, I do think it lends a bit to the idea that offense has had a greater role in winning titles...particularly in the example of our two titles. Consider also that the presence of the Steelers twice in that list skews the numbers a bit as they have been a team built completely on defense in recent years.
The regular season stats for the Giants  
Joe in Cambridge : 7/9/2013 11:05 am : link
are somewhat deceiving. The defense was fantastic in the playoffs. In both runs, they shutdown the best offense in the NFL.
Go Terps  
BigBlueinChicago : 7/9/2013 11:27 am : link
You can say the Giants on that list twice also skews the numbers.

Just curious bro...Why did you start from 2005? Was there is historical scenario I missed? Personally, I would have started from 2002, the first year of realignment when the divisions were altered, making the playoff format different then it used to be.
JPP will be a Giant  
TheDream88 : 7/9/2013 11:56 am : link
forever and an all time great at that. His play as a rookie was reminiscent of LT type dominance.
He got  
area junc : 7/9/2013 11:59 am : link
Exactly what was offered to steve smith, with an extra year. Good move vic!
BigBlueinChicago  
Go Terps : 7/9/2013 12:07 pm : link
No reason really. There didn't seem to be a spot that made sense to stop...though I guess you could say 2005 was the first season the Giants really started competing in the Coughlin/Eli era, so that's as good a spot as any.
it won't be an either or  
Dave in MD : 7/9/2013 12:42 pm : link
We'll keep them both. The guy we'll be letting go because of the cap is Linval Joseph. There is other cap saving to be had as we all know. The bargain we got on Cruz allows us the flexibility for JPP and Nicks.
if JPP remains a Giant  
nyynyg : 7/9/2013 12:58 pm : link
it will be because he did not get a Mario Williams contract offer. can't see him getting that type of deal here. can't see anyone getting that type of money here except for QB1.
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