The salary cap situation hasn't looked this good for the Minnesota Vikings in quite some time.
When general manager Kwesi Adofo-Mensah took over for Rick Spielman, he inherited quite a mess. There were multiple bad contracts on the books with a lot of potential dead money when they were released. Guys like Adam Thielen, Kirk Cousins and Dalvin Cook hit hard on the dead money for over $50 million, but that is all done and the Vikings currently have approximately $64 million in salary cap space.
The Vikings are in a position where they don't have to try and creat cap space, but they could if they want to prioritize signing high-profile free agents. There are three players that could give the Vikings a significant amount of money to play with.
Cap Hit: $22,300,000
Base Salary: $18,390,000
Salary Cap Savings: $14,950,000
Greenard is on the second year of a four year, $76 million deal and he has two void years built into it. That helps the Vikings if they want to restructure the deal because they can maneuver across five seasons. The two biggest qualifications you need when it comes to restructures are:
Greenard fits both to a T. Adding nearly $15 million to their cap space could bring in a player the level of Charvarius Ward or D.J. Reed.
Cap Hit: $26,019,114
Base Salary: $17,400,000
Salary Cap Savings: $8,100,000
O'Neill is a talented player who only has two years left on his contract, which makes things a little more complicated. If you were to restructure O'Neill without adding any void years onto the deal, you would save $8.1 million, but that would bring his cap hit in 2026 up to $31,203,892. That's a lot of money for one year, and something that Adofo-Mensah likely doesn't want to do.
What might make more sense for O'Neill is an extension. He is about to enter his age 30 season and has no more guaranteed money left on his contract. It could behoove O'Neill to sign an extension so he gets more guaranteed.
Cap Hit: $16,649,118
Base Salary: $10,900,000
Salary Cap Savings: $8,475,000
Hockenson is on the second year of a four-year, $66 million contract with 2025 being the first year of a large cap hit. He wasn't going to be inexpensive on the salary cap forever and the Vikings now have to pay the piper.
The Vikings have a plan to keep Hockenson long-term and he does have a void year built into his contract. Doing so wouldn't be too impactful over the next four years, but it would help bring in another talented player to help the Vikings win in 2025.
More must-reads:
Get the latest news and rumors, customized to your favorite sports and teams. Emailed daily. Always free!