Vikings restructure deals, save $2.25M on cap

Chad Greenway (Kyle Terada/USA TODAY)

The Vikings have restructured the contracts of three key players, saving more than $2 million in cap space and giving them more room for future signings.

Despite having plenty of room under the salary cap, the Vikings continue to make moves to improve their situation.

In the last week, overthecap.com has reported three restructured contracts for the Vikings – linebacker Chad Greenway, fullback Jerome Felton and safety Jamarca Sanford.

Greenway took a $1 million pay cut, going from a $6.5 million in 2014 to $5.5 million. According to the web site, the Vikings guaranteed Greenway's salary. He is still scheduled to make $7 million in 2015, the final year of his contract.

Felton took a $500,000 hit, going from $1.95 million in 2014 to $1.45 million. Felton also got some assurances in his contract, getting $200,000 of it guaranteed. He is scheduled to make $2.45 in 2015, which is also the final year of his contract.

Sanford also reduced his salary from $2.45 million to $1.7 million, but will now get $400,000 of that guaranteed.

Some of the players can make back all or part of the difference in incentives.

Overthecap.com has the Vikings $16.351 million under the salary cap. The NFL Players Association has the Vikings with $19.27 million in cap space but hasn't yet accounted for the signings of cornerbacks Captain Munnerlyn and Derek Cox or receiver Jerome Simpson.


Tim Yotter is the publisher of Viking Update. Follow Viking Update on Twitter and discuss this topic on our message boards. To become a subscriber to the Viking Update web site or magazine, click here.

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