Victor Cruz Re-signs With Giants for Pay Cut

Victor Cruz

New York Giants receiver Victor Cruz has agreed to a new contract to return for 2016... but for much less money.

According to ESPN, the new contract guarantees him $3 million in 2016 salary and allows him to earn $2.5 million more in incentives, based on production.

The deal was expected, being that Cruz hasn't played since Week 6 of the 2014 season, when he suffered a torn right patellar tendon. Though he recovered, he tore a calf muscle in the other leg during training camp in 2015 and missed the entire 2015 season as a result.

He was originally scheduled to earn $7.9 million in salary and count $9.9 million against the salary cap this season.

The Giants are expected to look for receiver help in free agency.