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Report: Giants' Cruz agrees to 5-year extension

(Sports Network) - Following months of negotiations, it appears the New York Giants and Victor Cruz have finally come to terms on a lucrative contract extension that will keep the playmaking wide receiver with the team for the long term.

FoxSports.com first reported on Monday that Cruz will sign a five-year, $43 extension through the 2018 season. The Pro Bowl wideout was already under contract for 2013 at a $2.879 million salary, the highest possible tender allowed for a restricted free agent player.

Counting this season's salary, the entire deal will contain $15.6 million worth of guaranteed money.

According to NFL.com, Cruz ultimately accepted an offer from the Giants that had been on the table since he signed his RFA tender back on June 14.

The former undrafted free agent is coming off a pair of outstanding seasons. After spending his entire rookie campaign on injured reserve in 2010, Cruz set a franchise single-season record by racking up 1,536 receiving yards along with nine touchdowns on 82 catches during New York's Super Bowl XLVI championship run the following year. He backed up that breakout performance by leading the Giants in receptions (86), receiving yards (1,092) and touchdown grabs (10) en route to a Pro Bowl selection in 2012.

With Cruz now in the fold, the Giants may turn their attention to hammering out a long-term deal with fellow wide receiver Hakeem Nicks, whose rookie contract is slated to expire at the conclusion of this upcoming season.

07/08 14:11:32 ET

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