Nothing but contract news for you this morning. The main contract situation Giant fans need to be concerned with (or not) is the Victor Cruz one. Cruz is an RFA this year and both sides would like to get something done sooner rather than later. The deal, of course, has to be done on deference to Hakeem Nicks, who will also be eligible for free agency next season.

From Ralph Vacchiano, SNYGiants insider:

“Hopefully we can end that talk soon, man,” Cruz told MassLive.com on Saturday in Amherst, Mass., where he was watching his alma mater, UMass, play basketball. “Hopefully we can get a deal done, if not with the Giants then unfortunately somewhere else. But I want to be a Giant for a long time, so we’ll see how it goes.”

The bottom line is the Giants will either sign Cruz to a long-term deal or tender him with a one-year, ‘first round’ designation at approx $2.9 million. They have the right to match any offer. If no one comes knocking, Cruz remains a Giant for another year and the negotiations continue.

Other contract news from our partners at Rotoworld….

OT Will Beatty – USA Today’s Mike Garafolo says the Giants and Beatty have just “minor issues” to resolve in contract negotiations…..Speaking to Giants fans, Garafolo tweeted, “I wouldn’t sweat Will Beatty’s free agency. Lots of time to resolve what I’m hearing are minor issues.” Beatty has long been considered New York’s top free-agent priority, and it appears a deal is likely before March 12. Retaining Beatty would leave the Giants a lot more comfortable on the offensive line heading into free agency and the draft.

From SNYGiants’ Sam Spiegelman….

DE Mathias Kiwanuka - Giants linebacker Mathias Kiwanuka restructured his contract, allowing the team to gain $1 million in cap space for the upcoming year.

According to the Newark-Star-Ledger, $1.5 million of Kiwanuka’s guaranteed salary for next season was converted into a signing bonus. His cap figure drops from $5.125 million to $4.125 million by spreading it out over the final two years of his current deal.

The move will serve as a precursor as the team attempts to negotiate contracts with free agents Victor Cruz, Martellus Bennett and Will Beatty. Along with the release of veterans Ahmad Bradshaw, Chris Canty and Michael Boley, the Giants are in a better position to do so.