ESPN.com said:New York Giants receiver Victor Cruz has signed his first-round restricted free-agent tender worth $2.879 million, a source confirmed.
"I'm going to sign my tender today and will continue talks for a long-term deal before camp starts," Cruz told ESPN's Josina Anderson earlier Friday morning.
The move comes after months of stalled long-term extension negotiations.
The Giants had the option of reducing Cruz's tender to just over $630,000 on Monday although there was no indication the team was going to take that route, which could have potentially added tension to negotiations.
Source: http://espn.go.com/new-york/nfl/story/_/id/9386573/victor-cruz-new-york-giants-signs-tender-source