The New York Giants are in a bit of a bind when it comes to the salary cap. After several cuts the Giants do find themselves under the cap even after re-signing left tackle Will Beatty but with several more players needing to be re-signed that cap room could quickly disappear. Among those needing new contracts is Victor Cruz.
Cruz quickly became one of the most popular Giants during the 2011 Super Bowl run while enjoying one of the best seasons ever for a New York Giants wide receiver. Cruz caught 82 passes for 1536 yards and nine TDs in 2011. He suffered from a bit of a sophomore slump last season with several dropped passes but still posted 86 catches for 1092 yards and 10 TDs.
There is no question the Giants would like to see Cruz lining up opposite Hakeem Nicks next season but the Giants might not have the cap room at the moment. One player who could find his spot on the roster in jeopardy is cornerback Corey Webster who is due to make $7 million in base salary with another $2.8 million in bonuses for a final cap figure of $9.8 million in the final year of his contract. With Terrell Thomas coming off of his second ACL injury in as many years and Jayron Hosley coming off a promising but inconsistent rookie campaign the Giants don’t have anyone they can absolutely rely upon to line up opposite Prince Amukamara.
The Giants might try to restructure Webster’s contract, perhaps offering him a contract extension that guarantees him more money while lowering his overall cap number. Of course, Webster, 31, would have to agree to such a deal. The Giants could also cut Webster and draft a corner in April but that doesn’t necessarily make the Giants a better team.
For as much as Webster struggled last season he is still one of the best corners on the roster and corners aren’t exactly easy to find. The Giants could also cut Webster and either let him test the market and re-sign him later or move on to a free agent corner like Chris Houston or Brent Grimes but they might command a lot more than the Giants can give.
The Giants are stuck in a Catch-22 right now. They need Webster but also need him to restructure his contract so they can fill in the rest of the roster, especially Cruz and guard Kevin Boothe. If he doesn’t agree to a contract restructure the Giants could find themselves looking for a corner as well.