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Reports: Giants, Victor Cruz Agree To 5-Year, $43 Million Extension

NEW YORK (CBSNewYork/AP) -- Everybody do the salsa!

According to multiple reports, Victor Cruz and the Giants have agreed to a five-year, $43 million extension. The wide receiver will earn $15.6 million guaranteed.

The two parties had been negotiating all offseason and came to an agreement on Monday.

Cruz was assigned a first-round tender by New York this offseason, but received no bites as a restricted free agent. He skipped the team's OTAs and mandatory minicamp, but was expected to attend training camp after signing his $2.87 million tender.

"I feel relief," Cruz told after signing his contract at the team's facility. "I feel I can just kick back and play football again."

The new deal is worth $43 million, according to media reports.

"We are pleased to have this behind us," general manager Jerry Reese told the AP. "Now Victor can focus on football. Training camp is approaching quickly, and we all have a lot of work to do to get back where we want to be."

The Paterson, N.J. native was elected to the 2012 Pro Bowl. He played his college ball at Massachusetts.

Cruz first voiced his desire for a big payday after the Giants' victory in Super Bowl XLVI. He set a franchise record that season with 1,536 yards.

He followed it up with 1,092 yards in 2012. Since making his debut in 2010, Cruz has caught 168 balls for 2,628 career receiving yards.

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