Post-Jennings Cap Situation
For those interested, here is a break down of the current cap situation Post-Jennings.
Scout.com: Vikings avoiding much
We have less than 2M to play with after draft pick signings. That probably rules out Urlacher unless we can get Kevin Williams to restructure. Looking more and more like our starting linebacker next year will be one of Arthur Brown, Manti Te'o, or Alec Ogletree.
The Vikings have just over $5.1 million in salary cap room. With two first-round picks and 11 draft picks overall (currently), that won’t leave much room for them to add much more in free agency.
Despite arranging the contract of their most significant free agent signing, Greg Jennings, to go easy on this year’s salary cap, resigning six of their unrestricted free agents and adding Jennings and Matt Cassel in outside free agency put $21.8 million against the 2013 cap. Their actual cash outlay for those eight players was $37.2 this year, meaning more than $15 million was pushed into future years.
The contracts of Jennings and right tackle Phil Loadholt were the biggest culprits. Jennings counts only $5 million against this year’s cap despite a $13 million cash value – $3 million in salary and workout incentives and $10 million in signing bonus. Loadholt counts $4.75 million against the cap this year, despite a $10 million cash outlay.
Most of the Vikings’ other signings match up when comparing cap charge to cash value in the first year. Cassel’s contract is $3.7 million on both ends, and Jerome Simpson’s is $2.1 million on each. FB Jerome Felton counts $1.67 million against the cap with $3 million in first-year cash outlay, and S Jamarca Sanford ($2.25 million against the cap) and LB Erin Henderson ($1.75 against the cap) have only a $250,000 difference in cap charge and actual first-year cash outlay.