The New York Giants have been on a free agent spending spree and now the team is restructuring one of their star player's bloated contracts. Victor Cruz was scheduled to make $7.9 million in base salary this year and now the Bergen Record has reported that the veteran wideout accepted a pay cut that would reduce this year's base salary to $1.5 million. The contract includes up to $5.3 million in incentives which would bring his salary back to the original figure.
Cruz hasn't played since Week Six of 2014 and restructuring his deal makes sense for both sides. The Giants already signed Jason Pierre-Paul to a one-year deal worth up to $10.5 million, inked Janoris Jenkins to a 5-year, $62 million, reached a five-year, $46.25 contract with Damon Harrison and gave Olivier Vernon a mega five-year contract worth up to $85 million.
With Jerry Reese and the Giants front office ponying up the dough for high-priced free agents, the cost-saving measure with Cruz will help Big Blue's cap situation.
New York is salivating at the prospect of Cruz playing alongside Odell Beckham Jr., but his injury history has caste serious doubt on his potential return to Pro Bowl form.