ESPN’s Ed Werder reports that New York Giants wide receiver Victor Cruz has essentially been given an ultimatum by the team: take a pay cut, or else he will be released by the team.
Negotiations on a new deal are underway, Werder reports.
The Giants are looking to avoid paying him $7.9 million in base salary with a $9.9 million salary cap hit, which is the second-most on the team behind quarterback Eli Manning. Cruz is signed with New York through the 2018 season after inking a five-year, $43 million deal in 2013.
Victor Cruz missed the 2015 season as he tended to a calf injury and underwent surgery. He has not played since being sidelined by a patellar tendon injury in October 2014.
In 2011, Victor Cruz posted a career-high 1,536 yards with nine touchdowns, but declined in the seasons that followed as he dealt with injuries.
NFL free agency will begin on Wednesday.