Victor Cruz has parted ways with the Giants, this time for good, it seems. (Mel Evans / AP)

It’s the time of year when NFL teams start shedding veteran salaries to free up cap space, and the New York Giants were the first out of the gate Monday with news that they are cutting wideout Victor Cruz and running back Rashad Jennings.

New York will save $7.5 million in cap space by cutting Cruz and another $2.5 million by getting rid of Jennings’s contract.

Cruz’s production has diminished since back-to-back 1,000-yard receiving seasons in 2011 and 2012. The 30-year-old New Jersey native played in just six games in 2014 and missed all of 2015 because of knee and calf injuries, and already had taken one pay cut to remain with the Giants before the 2016 season, when rookie Sterling Shepard assumed slot-receiver duties. Earlier this month, Cruz expressed his desire to stay with the Giants and said he would benefit from having a full, healthy offseason.

“Absolutely. It’s definitely a building block,” Cruz said per NorthJersey.com (which broke the news Monday). “I feel like in the limited time and the limited targets and reps and snaps I’ve done a good job of showing that I can make plays and showing that I can do some things on the field whether it be inside or outside. I use it as a baseline to go forward.”

Jennings, who is about to turn 32, started 37 games over his three seasons with the Giants but averaged just 3.3 yards per carry in 2016. He lost his starting role to rookie Paul Perkins late in the season.



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