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Giants' Receiver Cruz Accepts Substantial Pay Cut

EAST RUTHERFORD, N. J. (CBSNewYork/AP) — The Giants came to agreement on a pay cut for wide receiver Victor Cruz, only hours after New York general manager Jerry Reese spent $200 million on free agents Olivier Vernon, Damon Harrison and Janoris Jenkins.

Cruz confirmed on Twitter on Wednesday night the reduction that will cut his salary from $7.9 million to $1.3 million. His message read: "Once a Giant, always a Giant. See you in September."

Incentives could bring his salary to $5.5 million.

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Cruz has not played most of the last two seasons, first because of a torn patellar tendon suffered in 2014. A calf strain required surgery and kept him off the field all of last season.

(TM and © Copyright 2016 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2016 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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