With the first-round tender, if any team wanted to sign Cruz, they would have to surrender their first-round pick in the 2013 NFL draft to the Giants.
And on top of that, they would have to sign Cruz to a contract, in which the Giants have every right to match if they want to retain Cruz.
There was also the tweet by Indianapolis Colts owner Jim Isray saying he was in the mix for a potential trade for a wide receiver, but it turns out it wasn't for Cruz.
Colt Fans,hint------ it's a Wide Receiver!!— Jim Irsay (@JimIrsay) March 17, 2013
According to Adam Schefter of ESPN, it is unlikely that a team in the NFL will dish out an offer sheet to Cruz before the April 19 deadline.
Strong belief: There's as much chance a team will sign Victor Cruz to offer sheet as there is one will deal for Tim Tebow. Neither happening— Adam Schefter (@AdamSchefter) March 21, 2013
Cruz could sign the first-round tender, which would pay him a one-year, $2.9 million deal for 2013, yet Cruz is in hopes for a long-term contract with the Giants.
Cruz hired a new agent in Tom Condon, who is the agent for current Giants Eli Manning, Mark Herzlich, Mathias Kiwanuka and former Giant Osi Umenyiora.
Condon negotiated all of their deals and will likely try to negotiate a deal that can favor both the Giants and Cruz by meeting in the middle.
The 26-year-old Paterson, NJ native has recorded two straight 1,000-yard seasons for the Giants with 19 total touchdowns.
Unless something changes between now and April 19, Cruz will likely be playing with the Giants in 2013.
What has yet to be determined is if he will have a one-year deal or long-term deal while doing so.
Stay tuned, Giants fans.