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.

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