Report: Vikings restructure Chad Greenway, save $1M against the cap
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The Minnesota Vikings have restructured linebacker Chad Greenway's contract for 2014, which included a $1 million salary reduction and guaranteed the remaining $5.5 million in base salary, per OverTheCap.com.
Greenway, 31, has led the Vikings in tackles in each season from 2008-2013, including a team-high 134 combined tackles (83 solo) last season, per ESPN stats. Greenway played through a fractured wrist for most of last season. His cap number has been lowered to $7.2 million for next season and his guaranteed base salary for 2014 should ensure he's on the team next season.
Greenway is under contract through 2015, with a cap of $8.8 million in the final year.
General manager Rick Spielman said Friday that the Vikings are not closing the book on free agency and restructures like Greenway's will help provide needed cap room to continue the Vikings' would-be spending.
Jamarca Sanford restructure
Safety Jamarca Sanford restructured the final year of his contract, cutting his salary by $750,000, but adding $400,000 in guaranteed money. Sanford can reportedly earn back the money through playing-time incentives.
Sanford, 29 in August, started 13 games for the Vikings last season and swapped snaps with safety Andrew Sendejo when Harrison Smith was healthy. Sanford missed some time due to ankle and groin injuries. He's a free agent after next season.
Jerome Felton restructure
Fullback Jerome Felton also restructured his deal just a year after signing a three-year, $7.5 million deal last offseason. Felton, 28 in July, took a $500,000 pay cut and in return got a $200,000 base salary guarnatee and the right to void his final year under contract in 2015.
The Vikings saved $2.25 million against the 2014 cap with the trio of restructures. The Vikings have about $16.3 million in cap space left, per OTC.