Victor Cruz will sign a one-year contract with the New York Giants, a league source told ESPN.
The team will pay $1 million to sign Cruz and the rest of the $3.5 million signing bonus is fully guaranteed, a source with knowledge of the agreement told ESPN NFL Insider Adam Schefter.
Cruz has emerged as a breakout wide receiver in New York after a slow start to the year.
He had six catches for 67 yards against the Carolina Panthers in Week 6 and the following week against the Los Angeles Rams, his first game since March.
He caught six passes for 107 yards and one touchdown in Week 10 at New England, and he has a season-high five touchdowns on eight catches this season.
The Giants have had a poor start to training camp and Cruz has been a big part of that.
He has nine catches for 104 yards in the first two weeks of camp, but he has just three catches in the last four games, a stretch that has seen him go from a touchdown to a touchdown and back again.
Cruz was the most highly coveted free agent signing in the league during the off-season, but the team ultimately didn’t sign him to a contract worth that much.
That could be changing as the Giants have a new general manager in Ben McAdoo, who has been known to sign wide receivers.