Gary Myers of the New York Daily News reports that the Giants’ offer is somewhere in the range of $7 million per year.
Specifically, the deal exceeds $7 million annually, with a “sizable” amount of guaranteed money in the multi-year deal.
That’s significantly more than Cruz will receive as a restricted free agent in 2013, with a first-round tender offer of $2.879 million. But the question becomes whether it’s less than what someone else will pay, either on an offer sheet now or as an unrestricted free agent in 2014.
Source: Mike Florio, NBC Sports Pro Football Talk