Saturday, March 15, 2014
Greenway restructures deal with Vikings
By Ben Goessling
MINNEAPOLIS -- Coming off a frustrating season where he played much of the year with a broken left wrist and heading into a season where he was due to count $8.2 million against the Vikings' salary cap, 31-year-old linebacker Chad Greenway seemed like a possible candidate to restructure his deal with the team. Now, he has.
Greenway dropped his base salary to $5.5 million for the 2014 season, saving the Vikings $1 million in exchange for a fully guaranteed salary. The move, first reported by overthecap.com, is the third contract restructuring the Vikings have done in a week, following similar moves for safety Jamarca Sanford and fullback Jerome Felton. All told, the moves saved the Vikings $1.75 million under the cap, and they still have just over $16 million to play with after signing former San Diego Chargers cornerback Derek Cox, with wide receiver Jerome Simpson's contract still not on the NFL Players Association ledger.
The way the Vikings restructured Greenway's deal is reminiscent of what they did with Kevin Williams in 2013 (except the Vikings also voided a year of Williams' contract in that case). It effectively protects Greenway from being cut, since the Vikings are on the hook for his entire $5.5 million salary. Greenway saw his play slip in 2014, though his broken wrist undoubtedly had something to do with it. He will have to adapt to new coach Mike Zimmer's defense, which asks linebackers to be more active than the Vikings' old Cover-2 system did, but the change could also rejuvenate Greenway, who seemed at times like he was trying to cover for the inexperience of other linebackers last season.
Felton's base salary drops $500,000 for next season, and Sanford's deal saved the Vikings another $250,000. According to overthecap.com, Felton is also able to void the final year of his deal after the 2015 Super Bowl.