Reggie currently has a square rug in his living room. He is moving soon and has determined that for his new living room, he will need a rug that has a width that is two feet shorter than his current rug and a length that is five feet longer than his current rug. Let x represents the side measure of Reggie's current rug, in feet. Determine the equation that represents the area, y, in square feet, of the rug needed for his new living room.