Victor Cruz's Contract
The structuring of NFL contracts can be creative and genuinely interesting. As most of us know, most deals never reach their full potential and are often terminated or restructured before all is said and done. After some research, I wanted to determine what exactly we owe Cruz and the cap ramifications each year.
What I believe the Giants signed Victor Cruz to amounts to a four year, $29,780,000 contract. This includes $1,900,000 in dead money for the 2017 season.
Numbers courtesy of overthecap.com (amazing website).
This is assuming we need cut Victor before the 2017 season. The figures for the 2013-2016 season are represented above as the total cap number for that year, including prorated signing bonus, roster and workout bonuses, and base salary. The 2017 figure is just the dead money for that year.
The 2018 season carries no dead money and is irrelevant concerning our commitment to him. It is impossible to know what our cap will look like in 2017, or if we even would want to cut him at that time. That being said, the $1,900,000 dead money figure is not much, and can be split over two years (after June 1st).
I am trying to keep the speculation to a minimum; however it is worthy to note that this deal gives us a ton of flexibility and does not have as long or as large a commitment to him as originally thought. Also, there are no years where his cap hit is exorbitant.
Cruz has set numerous NFL and Giants records in his short career; he has been a stud for us. Regardless of your opinion on the contract (I haven't seen as much dissent as I expected), we have an incredible player in the prime of his career at a reasonable price:
Four years at $7,445,000 per.
If an issue did arise where we had to part ways with Victor, the logical time would be after the 2016 season. Contracts like this are what makes Jerry Reese one of the better general managers in the game. As of now, we should be roughly $14M under the cap for next year, leaving us plenty of room to make decisions on JPP, Hakeem, Anvil, or whomever else.