Vikings Need To Deal With 2011 Salary Cap Issue
The linebacker is in no way scoffing at such a big payday — “To play for that amount of money for one season is incredible,” he said — but his preference would be to get a long-term deal. It appears the team will have plenty of incentive to give him that security once the work stoppage ends, something that could happen this week.
The reason the Vikings would want to make such a move is simple. They reportedly are going to be $5.1 million over the $120.4 million salary cap, and extending Greenway’s contract would be one way of lessening what would be about a $10 million cap hit.
“Obviously by signing the franchise tag, basically it puts them under the gun where the salary cap is going to come back in at,” Greenway said Sunday before attending the annual Starkey Hearing Foundation event at RiverCentre in St. Paul. “So we need to be smart about the opportunities we’re going to have. We think that we want to be in Minnesota, but at the same time, we want to do what’s best for us as well.”
Greenway’s contract is one of many issues the Vikings are going to potentially have to deal with in the coming days. Pro Bowl running back Adrian Peterson is entering the last season of his rookie contract, will certainly want a contract extension and currently would have a monster cap hit of $12.775 million for 2011. As with Greenway, the Vikings could shrink that number, and give themselves flexibility to sign free agents or make moves, by giving Peterson a long-term deal.
Then there is the issue of Sidney Rice, who will be one of the top free-agent wide receivers on the market, even though he missed much of last season following hip surgery. Rice was supposed to walk the red carpet at the Starkey event but failed to appear. He will be looking to cash in, but would the Vikings offer up much guaranteed money to a talented player who has had one standout season in his four years and has played in all 16 regular-season games only once?
“You’d always love to see Sid return, but he’s his own person, he’s his own man,” Vikings receiver Bernard Berrian said. “He’s got to make decisions for him and his family and that’s the way you’ve really got to look at it. I love Sid. He’s a great player, he’s going to do great things wherever he plays at. Hopefully, he’ll be here.”
The Vikings have a couple options to get below the salary cap. As mentioned in the article, signing Greenway and AP to long term contracts are essential. Players like B. Berrian and M. Williams need to restructure or get cut. The rookie salary cap will only help the Vikings as they sign Christian Ponder, Kyle Rudolph and the other incoming rookies. The Vikings have a salary cap guru in Rob brezinski so I don’t think we will have to worry much about this issue.