Vikings restructure two more contracts
The Vikings have restructured two more contracts. The website Overthecap.com reported Saturday that linebacker Chad Greenway and fullback Jerome Felton both have renegotiated their contracts. It was reported that Greenway took a $1 million pay cu...
The Vikings have restructured two more contracts.
The website Overthecap.com reported Saturday that linebacker Chad Greenway and fullback Jerome Felton both have renegotiated their contracts.
It was reported that Greenway took a $1 million pay cut, reducing his 2014 salary from $6.5 million to $5.5 million. The Vikings guaranteed his entire $5.5 million base salary for accepting the deal. His 2015 salary remains $7 million.
The website reported Felton reduced his salary by $500,000 to $1.45 million and in return got $200,000 of that salary guaranteed and the right to void the 2015 season of his deal. Felton is in line to make $2.45 million in 2015.
Felton confirmed those figures. But he also said he can earn back the $500,000 by making the Pro Bowl, and added, “I plan on being in it next year.”
“They came and asked me to restructure it a little bit, and I think it works on both parts,” Felton said. “I take it as a challenge. ... The Vikings have been good to me.”
The website had reported Friday that safety Jamarca Sanford agreed to reduce his salary from $2.45 million to $1.7 million in exchange for $400,000 being guaranteed and the right to make back possible lost money through playing-time incentives. In an interview with the Pioneer Press, Sanford confirmed the move.
The website lists the Vikings as now being $16.35 million under the salary cap, but that doesn’t count yet the one-year deal that wide receiver Jerome Simpson signed Friday. By saving $2.25 million on restructuring deals for Greenway, Felton and Sanford, that’s extra money to use in free agency.
“We’ve had a lot of success in a Vikings uniform,” Felton said of the three players restructuring. “We all want to win.”