The Vikings were in an uncomfortable position entering the season with less than $1MM in salary cap space. Such a low allowance would restrict the team in making any deadline or practice squad additions, so it was necessary for the team to rework somebody’s contract in order to free up a bit of cap space.
That player happened to be tight end T.J. Hockenson, per Ben Goessling of The Minnesota Star Tribune. While the exact details are unavailable at the moment, the Vikings converted a good amount of Hockenson’s $9.9MM base salary in 2024 into a signing bonus. The move cleared up around $7.92MM of cap space. They avoided utilizing a void year at the end of his contract to stash future cap since he already had one in his previous deal.
Here are a few other restructures from around the NFC:
- The Giants also looked to restructure a veteran’s contract on the eve of the season, choosing to rework the deal of linebacker Bobby Okereke, according to ESPN’s Field Yates. The team converted $6.78MM of Okereke’s 2024 salary into a signing bonus. The move cleared up $4.51MM of cap space for New York this season.
- Lastly, we recently mentioned that New Orleans worked to restructure the contract of tight end Juwan Johnson to clear up $3.5MM of cap space. Katherine Terrell of ESPN provided a few more details on the reworked deal, informing that the team converted $4.38MM of Johnson’s 2024 base salary into a signing bonus and added one additional void year to the end of his contract in order to achieve their desired result. In effect, his cap impact with the Saints was reduced from $7.01MM to $3.51MM.