The Giants have already opened up talks on a long-term deal with WR Victor Cruz, though he’ll only be a restricted free agent after the season, so they could easily retain him for less than $3 million. At the right price, it’s in their interest to sign him long term. If the price isn’t right, they can afford to wait.
The bigger question is WR Hakeem Nicks, who is signed through 2013 at $2.425 million. He’ll surely seek an extension, but how do you judge the value of a potential top-10 receiver with a problem staying healthy? Receivers have become $10 million-a-year players, but Nicks’ body has been battered and injuries reduced him to a possession receiver this season.
It might be better to let him play out his deal and see where the market is next offseason. It’ll be a tough sell to Nicks if they don’t pay him while giving a big contract to Cruz.