Cruz was tendered at the "first round" level, which carries a non-guaranteed base salary of $2.879 million for the 2013 season. Cruz skipped the Giants' voluntary offseason program and this week's mandatory minicamp, but since he had not signed a contract, he was not subject to fines by the team.
Had Cruz not signed the tender by June 17, the Giants would have had the option to replace the $2.879 million tender with a "reduced" tender, which would have been worth $630,000, the minimum base salary for a player with three accrued seasons. For a player like Cruz, who has pocketed $1.479 million in on-field earnings via base salaries, workout bonuses, performance-based pay bonus, the $2.249 million reduction would have been a steep price to pay for not signing the original offer.
The Giants planned to reduce the tender if Cruz did not sign it by June 17, according to Aditi Kinkhabwala of the NFL Network.
Cruz, who hired Tom Condon of CAA Football (Eli Manning's agent) in the offseason, is still angling for a new long-term contract and signing the tender is no guarantee that he'll report on time for training camp.
According to Mike Florio of ProFootballTalk, Cruz could be a no-show when the Giants open camp at the end of July. If Cruz doesn't show for the start of camp, he could be fined $30,000 per day, which is nearly the amount of Cruz's weekly game checks ($31,765, before taxes) from last season.
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