The New York Giants and Victor Cruz hope to end weeks of speculation and come to a new agreement before the end of OTAs.

The Giants and wide receiver  Cruz have been steadily working towards a long-term deal that will keep Cruz with Big Blue for the extended future. Unfortunately, there has been no word from Cruz or from his camp, and he has yet to participate in any off season activities with the team.

Now there's a May 17th deadline established between the two parties, otherwise, Cruz could make the decision on whether to keep him or not very difficult on the Giants.

Without a long-term deal in place, Cruz must decided when to sign his 1-year tender from New York in the amount of $2.89 million. Cruz can hold up the Giants plans as well if he is unwilling or reluctant to sign this tender, and can hold out without fear of penalty or fines from the team.

The Giants should look no further when it comes to negotiations. The team can specifically look at a recent incident with the Pittsburgh Steelers and Mike Wallace, which ended with Wallace leaving the Steelers to sign with the Miami Dolphins through free agency.

Cruz can elect to sit out until Week #10 of the regular season, and walk away from the New York as an unrestricted free agent if no long-term deal can be agreed upon. No one around the Giants expects such an extreme action by Cruz, and both sides seem willing to come to a mutual agreement before the start of training camp.