Minnesota Vikings News & Rumors

The booming wide receiver market has a new kingpin for the third time this offseason, but the position’s new financial pace-setter secured guarantee figures well north of the previous benchmarks. The Vikings are committed to Justin Jefferson, as their four-year, $140MM extension illustrates.

In guaranteeing the superstar wideout $110MM ($26MM north of the previous high) and fully guaranteeing him $88.7MM ($36MM higher than second place), the Vikings authorized player-friendly terms for a pass catcher on a stratospheric pace. Jefferson shattered Randy Moss‘ receiving yardage record through three seasons and managed a 1,074-yard showing despite missing seven games due to a hamstring injury.

The receiver market’s spike over the past three offseasons has brought a host of three- and four-year deals. Of the top 10 receiver contracts presently, only one (Davante Adams‘ Raiders pact) covered more than four years in length. (Though, Cooper Kupp‘s 2022 extension covered five seasons in total.) The Eagles’ recent A.J. Brown extension (three years, $96MM) brought a pivot point for the Vikings, per the Minneapolis Star Tribune’s Ben Goessling, as the receiver’s camp pushed for a deal that would allow him a chance at another payday before age 30.

“Obviously, on their side of it, they always want deal to be shorter: as much money as possible and shorter, and ours, longer,” Vikings GM Kwesi Adofo-Mensah said. “That [wide receiver] position has gotten shorter in terms, which is a unique dynamic in the market.”

Brown’s three-year deal, agreed to shortly before the draft, had set the AAV and guarantee standards at the position ($32MM, $84MM). The Vikings have been in talks with Jefferson since the 2023 offseason, proposing a deal just south of $30MM per year shortly before Week 1, but the Brown contract brought a short pause. This aligns with a Monday report that suggested the contract talks ramped up after the draft.

That same report pointed to multiple teams being prepared to offer multiple first-rounders for Jefferson and that the Vikes considered trading up (via the Chargers) to No. 5 for LSU’s Malik Nabers. The Bolts did not receive big offers, however, so it is unclear if a genuine consideration at rebooting around another rookie-deal wideout transpired on the Vikings’ part. No receiver has been traded for two first-round picks since 2000 (Joey Galloway, Keyshawn Johnson), but Adams fetching first- and second-round picks in 2022 would have made such a price logical for Jefferson, who turns 25 this month.

Adofo-Mensah pushed back on any notion of a trade, indicating the team had long committed to having the 2020 first-round pick tied to a second contract in Minnesota.

“This day was going to come,” Adofo-Mensah said. “There was never a second in my mind that we weren’t going to be here. We obviously have to navigate challenges and things like that, but this was always our purpose. … At the end of the day, you want to pay premier players who can produce while making other people’s jobs easier. That can come a lot of different ways, at a lot of different positions.”

In addition to Jefferson preferring a shorter-term accord, SI.com’s Albert Breer notes his camp sought to avoid the backloaded structures present in the Adams and Tyreek Hill deals. The Raiders have nonguaranteed $35.6MM and $36.6MM 2025 and ’26 salaries in Adams’ contract, producing a $28MM AAV, while the Dolphins included a nonguaranteed $43.9MM 2026 salary for Hill to create the $30MM AAV figure.

Despite having three years left on his contract, the latter is already angling for an adjustment. Jefferson’s camp wanting no phony numbers in the contract makes sense, and his guarantees will certainly impact other teams’ negotiations with top wideouts.

While Jefferson stumped for another Kirk Cousins contract, the Vikings passed and are set to roll with a low-cost arrangement at the position. J.J. McCarthy‘s rookie deal will be key for the Vikings during this Jefferson pact, and the team has already begun Christian Darrisaw extension talks. As for the Vikes’ post-Cousins QB outlook, Breer notes their top receiver believes in Kevin O’Connell‘s ability to coax quality QB play. Jefferson’s belief in the third-year HC effectively mitigated concerns about how the team’s passing game would look after Cousins’ Falcons defection.

Though Jefferson will be set for a transition post-Cousins, he has secured his payday and is now working with the Vikings’ new QBs at minicamp this week.

While the 2022 offseason featured a boom in the wide receiver market, it did not feature as many changeovers regarding the position’s highest salary as 2024 has brought. The top wideout salary benchmark has now moved three times since late April.

The Vikings are responsible for the biggest AAV vault at the position since the Cardinals’ DeAndre Hopkins payday in 2020, giving Justin Jefferson a four-year, $140MM extension that comes with a whopping $110MM guaranteed at $88.7M locked in at signing. In addition to the $35MM AAV being $3MM north of the closest WR’s number, Jefferson’s guarantees are on their own tier as well. The fifth-year Viking’s full guarantee number is $26MM higher than any other receiver’s; his $88.7MM full guarantee is a staggering $36MM higher than Tyreek Hill‘s previous market-topping figure. Like Amon-Ra St. Brown and Jaylen Waddle‘s recent deals, Jefferson will be protected on the guarantee front via year-out vesting.

The Vikes guaranteed $17.99MM of Jefferson’s 2026 base salary ($24.99MM) at signing; already guaranteed for injury, the other $7MM will become fully guaranteed in March 2025, Pro Football Talk’s Mike Florio notes. Jefferson will be due a $29.25MM base salary in 2027. A $14.26MM injury guarantee already covers the superstar wideout; that will shift to a full guarantee in March 2026. Jefferson’s 2028 base salary ($33.24MM) is nonguaranteed.

Despite the ’28 base being nonguaranteed, Jefferson’s camp did extraordinarily well on this contract — as the substantial leads on the guarantee front confirm. The two-time All-Pro did not need to agree to a lofty final-year figure to prop up the AAV, which was required for Hill and Davante Adams to eclipse Hopkins’ then-record salary in 2022. Hill is angling for an update to his through-2026 contract, one that includes a phony $43.9MM 2026 base salary that almost definitely will not be paid out.

The Vikings used a dual bonus structure (signing and option) in Jefferson’s contract, per OverTheCap, and included a void year (2029). Void years became a thorny issue for this Vikings regime, with both Dalvin Tomlinson and Kirk Cousins tagging the club with notable dead money hits (Cousins’ went to $28.5MM) due to void years. This void structure, however, would only bring a $6MM dead cap hit if Jefferson departed as a free agent in 2029. The Vikings will keep Jefferson cap hits below $16MM in 2024 and ’25, but his 2026 number shoots to $38.98MM.

Negotiations between the Vikings and Jefferson did not intensify until after the draft, Florio adds. Rumblings about Minnesota being interested in trading up to No. 5 for Malik Nabers emerged, though concrete details about that potential effort remain elusive. GM Kwesi Adofo-Mensah has been resolute on a Jefferson extension since early in the 2023 offseason; a trade/Nabers-centered reboot would have been borderline shocking.

The Vikings were connected to moving up for a quarterback, which they eventually did by trading from No. 11 to No. 10 (via the Jets). However, Minnesota had acquired an additional first-round pick from Houston (No. 23). This was viewed as a weapon in QB bidding, but with none of the passers beyond Drake Maye drawing extensive trade interest, the Vikings did not need to give up much to climb to No. 10 for J.J. McCarthy.

Minnesota attempted to acquire the No. 3 overall pick from New England, eyeing Maye. The Vikes’ proposal included their 2025 first-round pick, along with mid-round Pats picks going back to Minnesota in the swap. The Maye effort failing could have conceivably prompted the Vikings to try to acquire both Nabers and McCarthy, though that would have been a complex blueprint to complete. They soon focused on just the quarterback, eventually using the No. 23 pick to trade up for Dallas Turner at No. 17.

It would have been surprising but understandable had the Vikings entertained trade offers for Jefferson before and during the draft, given the price point here. The team traded Stefon Diggs in 2020 (and succeeded in replacing him with Jefferson) and unloaded both Percy Harvin (2013) and Randy Moss (2005). Jefferson far outproduced Diggs on his rookie contract, shattering Moss’ NFL record for receiving yardage through three seasons (4,825). The former LSU standout also surpassed 1,000 yards (1,074) last season despite missing seven games due to a hamstring injury.

Had the Vikings been serious about Jefferson trades, Florio adds multiple teams were prepared to offer multiple first-rounders. With Diggs, Hill, Adams and A.J. Brown drawing first-rounders and then other picks in deals earlier this decade, the Vikings certainly carried an interesting chip.

That said, a two-first-rounder offer actually emerging would have been fascinating. Hill, Diggs and Brown did not draw any Day 2 compensation in addition to the first-rounders in those deals. Adams fetched first- and second-rounders. Another team sending the Vikings two first-rounders and then giving Jefferson a record-smashing extension would have depleted resources on multiple fronts, though a star wideout going into his age-25 season is obviously valuable as well.

The Cowboys and Buccaneers traded two first-round picks for wideouts (Joey Galloway, Keyshawn Johnson), but both those blockbusters occurred back in 2000. No team has forked over two first-rounders for a wide receiver since. It would obviously be interesting to learn which current teams were considering a two-first-rounder offer for Jefferson.

Rather than move Jefferson to avoid new financial territory at wide receiver, Minnesota will pair this lucrative contract with McCarthy’s rookie deal, which he must remain tied to through at least 2026. Players like CeeDee Lamb and Ja’Marr Chase will certainly attempt to use Jefferson’s deal as a springboard, and it will be worth monitoring to see how teams navigate big-ticket WR extensions following this monster Minnesota agreement. Even if Lamb and Chase do not eclipse the Jefferson numbers, the Vikings’ deal will impact those respective talks.