With free agency pretty much out of the way and the draft becoming the focus, the top story surrounding the New York Giants continues to be Victor Cruz's contract situation. Some are flabbergasted that Cruz, who is a restricted free agent, isn't jumping to accept New York's latest offer, but I think the wide receiver is smart to bide his time.
The New York Daily News reported in March that Cruz has a contract on the table that exceeds $7 million per year "with a sizable amount of guaranteed money." But that offer won't likely disappear this offseason, and Cruz has little reason to rush.
Teams still have 18 days to sign the Pro Bowler to an offer sheet. That's considered to be a far-fetched scenario, but such a move would force the Giants to match said offer, with a first-round pick hanging in the balance if they either couldn't afford to or opted not to.
Cruz then has to decide whether or not to sign his one-year first-round tender, which would pay him just shy of $2.9 million in 2013 and would allow him to become an unrestricted free agent next March.