I want Nicks out there as much as anybody (he's killing my fantasy team), but in the long run I think this is a positive.
If Nicks had a monster year he would be in line for a HUGE contract. He would probably be looking for something just short of Larry Fitz money. Given the Giants have to take care of Cruz with JPP (highest paid defender ever?) on the horizon, I don't know if they would have sprung for that. Now Nicks can't possibly expect a monster contract mainly because of his injury history. Certainly he is due a raise, but it shouldn't be a cap-crippling contract. This way we can keep both Cruz and Nicks for years to come.