It was clear that if Cruz was going to be back with the Giants in 2016, he was going to have to do something to his contract, given how much he was making and the fact that he’s missed a large amount of time due to injury.
As part of his new deal, Cruz agreed to reduce his 2016 salary from $7.9 million to $2.4 million. He’ll receive a $3 million in roster bonuses to along with another $100,000 in workout bonuses this season to go along with a $4.4 million cap
According to Raanan, Cruz also reduced his 2017 and 2018 salaries from $8.4 million in each year to $6.4 million (2017) and $7.4 million (2018). He will receive $1 million in roster bonuses and $100,000 in workout bonuses in each of 2017 and 2018.
Cruz, 29, wound up signing on with the Giants as an undrafted free agent out of UMass back in 2010. He was in the fourth year of his six-year, $45.879 million contract that included $15.625 million guaranteed before agreeing to a reworked deal.
Cruz has unfortunately ended up on season-ending injured reserve the past two season, so there’s some question about his productivity moving forward.
In 2014, Cruz caught 23 passes for 337 yards receiving and a touchdown for the Giants over the course of six games.