The rumors floating around during this hellish lockout are that the eventual agreement will include a salary cap somewhere in the $120 million range.
If the cap is at $120 million then both the Vikings and the Packers will be amongst seven teams that are over the cap when free agency begins, according to ESPN’s John Clayton. Here is what Clayton wrote about the Vikings situation under a $120 million cap is installed:
“The Vikings are $5.148 million over, which will make it tough for them to keep Bernard Berrian. Releasing him would save around $3.7 million. Adrian Peterson is in the final year on his contract with a salary of $10.72 million. He wants a long-term deal, and if the Vikings accommodate it would free up a lot of cap room.”
In addition to Berrian’s potential release and Peterson’s contract extension, Chad Greenway’s cap hit could come way down for 2011 if an extension is agreed upon. Also, Madieu Williams won’t escape any conversations about the salary cap.
Here is the other thing, Clayton (nor anybody, for that matter) knows what is really going to happen. The previous CBA was a maze of salary calculations, including incentives that did not count against a cap until it was met, and parts of the salary that were pushed into the following year’s cap.
The bottom line? The salary cap is highly unlikely to be a cut-and-dried $120 million and Rob Brzezinski, the Vikings cap guru, knows what he is doing.
With that being said, the Vikings need some cash available for spending in free agency in order to plug some holes on the roster, so this is no minor issue.