NFL New York Giants

NFL Rumors: Victor Cruz and New York Giants Closing in on Contract Extension?

Brad Penner-US PRESSWIRE

The New York Giants have one of the best bargains in the NFL right now when it comes to the salary they pay star wide receiver Victor Cruz. He is still making $540,000 this season, a product of his contract he signed as an unrestricted free agent. The Giants are a smart franchise, and with Cruz set to be a restricted free agent next off-season, the team and Cruz’s representation began preliminary talks on a contract extension.

Cruz told Mike Francesa on ESPN radio in New York last week that he wanted a contract extension before the end of this season, citing wanting to “knock it out” as the main reason.

“I just kind of want to block it out,” Cruz said. “I feel like if I start thinking about it, it will start consuming me, and I don’t want it to get that way. I just want to block it out and focus on football, and I think I’ve been doing a good job of that.”

Apparently Cruz heard from his agents this weekend and believes things are heading “in the right direction.”

“I was excited to hear this weekend that contract talks are moving in the right direction,” he said. “I heard there was some progress on the structure.”

If I were Cruz, I wouldn’t get my hopes up. It’s not like the Giants to give someone a new contract in the middle of the season. That said, I seriously doubt the two sides will be unable to work something out before Cruz is a free agent. Cruz is the Giants’ record holder with 1,536 receiving yards in one season and has carried that forward to this season. He is sixth in the NFL in receiving yards and tied for first with seven touchdowns in 2012.

“I’m just out here enjoying the moment, enjoying times,” Cruz said. “I still feel like I’m out here as a free agent, just still trying to work hard every time I’m on the practice field, every time on game day.”

The Giants have around $2.5 million in cap space, reportedly, but I wouldn’t expect anything to get done until the season is over.

Jeff is an NFL Featured Columnist for RantSports.com. Like Jeff’s Facebook Page here. Follow him on Twitter @Jeff_Shull