Vikings will have money to spend today if they want to go shopping
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Even after spending to retain Everson Griffen and Matt Cassel, the Vikings will have some money to spend. That's thanks to the increasing salary cap across the NFL and big contracts, like Jared Allen's, coming off the books.
The Vikings currently have $38.6 million in cap space, according to ESPN.com's Ben Goessling, who does a good job of tracking. That number will be lower once Cassel's and Griffen's contracts officially are recorded.
#Vikings have $38.6 million in cap space according to NFLPA's morning report, but Cassel, Griffen contracts aren't filed yet.— Ben Goessling (@GoesslingESPN) March 11, 2014
The team confirmed the Cassel and Griffen signings early Tuesday, as well as special teams player Larry Dean. We still don't know the 2014 cap hit included in those contracts.
Minnesota also recently signed Marcus Sherels and Jasper Brinkley. The Vikings' salary cap number, according to Spotrac.com, is at $39.78 million, which includes Sherels' contract, but not Brinkley, Dean, Griffen and Cassel.
Goessling cited the most recent NFLPA report, so that is the more accurate number.
The Vikings will have money to go shopping today, if they so choose. General Manager Rick Spielman suggested that the Vikings would wait for the first wave of free agency to pass, because the first wave of players generally gets overpaid by market standards.
Overpaying players wouldn't hurt in 2014, necessarily, given how much extra room there is under the cap. But being saddled with bad contracts in future years can hinder a team that likely will need to give raises to players like Cordarrelle Patterson and Harrison Smith.