Exceeds 7M per year with a lot of guaranteed cash. If they can lock him in for around 7.5-8M per year, it's hard not to consider this a win for the good guys.
Update: The Giants have offered Cruz a long-term deal that exceeds $7 million per year and includes a sizable amount of guaranteed money, the New York Daily News reports.
Recommendation: It seems the Giants are serious about wrapping Cruz up long-term, as they've extended a contract with a higher annual salary than those recently signed by Wes Welker and Danny Amendola. Cruz is current a restricted free agent with a first-round tender, but it doesn't look like he'll get an offer sheet from another club.