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Vikings Restructure Adam Thielen’s Contract

$7.5M in 2021 Cap Savings

NFL: Chicago Bears at Minnesota Vikings Brace Hemmelgarn-USA TODAY Sports

The Vikings have restructured Adam Thielen’s contract. This is one of those that the players love. Adam gets $10M of his 2021 salary paid as a signing bonus now. That will spread the $10M evenly over the last 4 years of his deal. The deal saves the Vikings $7.5M in cap space in 2021. Thielen’s new cap hits are as follows:

2021: $5.97M

2022: $16.95M

2023: $17.95M

2024: $17.1M

Congrats Adam! You have earned every penny.

UPDATE:

Thanks to the fine folks at Sports Illustrated (Will Ragatz) we have an update on cap space after all of the latest moves.

We currently have $3.85M in cap space that can be spend right now. We can use all of that on free agents now. Kyle Rudolph was designated as a post June 1st cut. June 2nd we will free up another $7.9M with Kyle counting $1.45M in dead money this year and $2.9M next year. That will give us enough money to sign all our draft picks.

Without any other moves it is as follows:

Cap Space Now: $3.85M

Cap Space June 2nd: $11.75M

It remains to be seen if Rick Spielman desires to spend that $3.85M now or wait and keep some wiggle room for an injury replacement or late offseason additions.