Talks are expected to resume this week. The Giants and Cruz are hoping to work out a long-term contract agreement, but they’ve yet to determine a value that both consider reasonable. The Giants would like to sign Cruz for roughly $7 million per year, while the wide receiver and his representation are seeking a yearly salary in the $10 million range.

At this point, Cruz has yet to sign his restricted free agency tender, which is one-year at $2.879 million. On June 17, the Giants can slash this to roughly $600,000, but considering this would likely aggravate Cruz it’s not an expected move.

If a long-term deal isn't reached this offseason, Cruz would be set to become an unrestricted free agent after the 2014 season. The clock is ticking, but a resolution is still expected to eventually be reached considering both teams are expressing interest in an extension.