Friday, March 14, 2014
Vikings still have cap room after Munnerlyn
By Ben Goessling
MINNEAPOLIS -- Captain Munnerlyn's three-year contract with the Minnesota Vikings looks quite a bit like many of the other deals the Vikings have done this week, using a roster bonus instead of a big signing bonus to keep the Vikings from incurring major cap charges in the event they part ways with the cornerback before his contract is up.
Munnerlyn's deal, according to ESPN Stats & Information, includes $4.45 million in guaranteed money, and is worth $11.25 million over the next three years. The former Carolina Panthers cornerback, who signed with the Vikings on Thursday, can push his total compensation to almost $15 million through incentives, but the Vikings certainly won't be stuck with a big bill if things don't pan out with Munnerlyn.
His signing bonus is just $1 million, meaning the Vikings only have to count $333,333 of it against the cap in 2015 and 2016, respectively. Like Matt Cassel and Linval Joseph, Munnerlyn will get a roster bonus next week, paying him $1.5 million. But like those players, most of his up-front money will count against the cap this year, not in future seasons.
It's another example of the Vikings' pay-as-you-go strategy, and despite the team's big spending this week, it's likely to keep them out of cap purgatory in years to come; the Vikings have just over $109 million committed to 42 players for the 2015 season, when the cap is expected to spike again to north of $140 million. Tight end Kyle Rudolph is projected to be the Vikings' only major free agent after the 2014 season, and low guaranteed dollar figures should give the Vikings some cap flexibility.
Defensive tackle Fred Evans' deal for next season is simple; he will make a base salary of $900,000 and receive a workout bonus of $100,000. None of it is guaranteed.
The Vikings' deal with former San Diego Chargers cornerback Derek Cox has not been finalized yet, but without it, the Vikings have approximately $16 million in cap space left for 2014.