Kendricks restructures to fit in signing of Bradbury

[StickyBun]

Per everywhere

Courtney Cronin ESPN Vikings reporter:
I'm told Eric Kendricks converted about half of his base salary, which is $4,150,000 for 2019, to a signing bonus to create the space needed for Garrett Bradbury.

[Guest]

Way to go Eric.
It wasn't coming out of my check. Hell my check wouldn't cover their taxes. Moving money around. Million here million there...presto you got a new center.

[Guest]

Once they finally finish with the Rudolph escapade one way or another, that will give them a little wiggle room with the cap...

[Guest]

I think there is a misunderstanding about how this cap space was created.

Joel Corry‏ @corryjoel



Mar 19

Joel Corry Retweeted Sara Johnson




Vikings don't need to ask a player to restructure for salary cap purposes in most instances. Automatic salary conversion rights are usually built into the bigger contracts (in the addendums). Player is considered in breach if he doesn't sign new contract with conversion.

https://twitter.com/corryjoel/status/1108103331291889664


It is more than likely that the Vikings just made this adjustment as an accounting move.
I thought they would do this with Hunter but he is likely going to need a massive raise in a couple of years if he keeps up his production or improves.

[Guest]

Way to go Eric!

[Guest]

These are the kinds of things that championship teams do.  Now, if only we had the trophy...

[Guest]

@MarkSP18 said:
I think there is a misunderstanding about how this cap space was created.

Joel Corry‏ @corryjoel



Mar 19

Joel Corry Retweeted Sara Johnson




Vikings don't need to ask a player to restructure for salary cap purposes in most instances. Automatic salary conversion rights are usually built into the bigger contracts (in the addendums). Player is considered in breach if he doesn't sign new contract with conversion.

https://twitter.com/corryjoel/status/1108103331291889664


It is more than likely that the Vikings just made this adjustment as an accounting move.
I thought they would do this with Hunter but he is likely going to need a massive raise in a couple of years if he keeps up his production or improves.

This is how most teams handle their contracts. Bonus restructures are advantageous to the player so there is no reason to avoid giving the team full control over how they allocate the cash. The Vikings contractual bylaws allow the team to convert any amount of salary in excess of the player minimum into a one time signing bonus. The Vikings are required to cut a check to the player within "x days" of the restructure. 

You're right that this is a pure accounting move. The dollars tied to Eric's contract remain the same aside from the dead money being prolonged. When the Vikings resigned Kendricks, Hunter, and Diggs last off-season they implemented vesting guarantees into their contract structures. This suggests they plan to bonus restructure all three of those guys into the future. 

Now onto finishing an extension for Trae. 

[Guest]

@"Geoff Nichols" said:

@MarkSP18 said:
I think there is a misunderstanding about how this cap space was created.

Joel Corry‏ @corryjoel



Mar 19

Joel Corry Retweeted Sara Johnson




Vikings don't need to ask a player to restructure for salary cap purposes in most instances. Automatic salary conversion rights are usually built into the bigger contracts (in the addendums). Player is considered in breach if he doesn't sign new contract with conversion.

https://twitter.com/corryjoel/status/1108103331291889664


It is more than likely that the Vikings just made this adjustment as an accounting move.
I thought they would do this with Hunter but he is likely going to need a massive raise in a couple of years if he keeps up his production or improves.

This is how most teams handle their contracts. Bonus restructures are advantageous to the player so there is no reason to avoid giving the team full control over how they allocate the cash. The Vikings contractual bylaws allow the team to convert any amount of salary in excess of the player minimum into a one time signing bonus. The Vikings are required to cut a check to the player within "x days" of the restructure. 

You're right that this is a pure accounting move. The dollars tied to Eric's contract remain the same aside from the dead money being prolonged. When the Vikings resigned Kendricks, Hunter, and Diggs last off-season they implemented vesting guarantees into their contract structures. This suggests they plan to bonus restructure all three of those guys into the future. 

Now onto finishing an extension for Trae. 

You think they extend Trae?  What about Alexander?  It would seem Alexander would be cheaper?  I am guessing 7 to 9 mil for Alexander and 11 plus mil for Trae.

Unless they are planning on moving on from Rhodes in 2020 or 2021 then they will have a lot of money tied up on corners.

It really shines a bright light on the decision to draft Hughes IMHO.

Spending a first round pick on a player who may not start until his 3rd or 4th year is quite the luxury.

[Guest]

@MarkSP18 said:

@"Geoff Nichols" said:

@MarkSP18 said:
I think there is a misunderstanding about how this cap space was created.

Joel Corry‏ @corryjoel



Mar 19

Joel Corry Retweeted Sara Johnson




Vikings don't need to ask a player to restructure for salary cap purposes in most instances. Automatic salary conversion rights are usually built into the bigger contracts (in the addendums). Player is considered in breach if he doesn't sign new contract with conversion.

https://twitter.com/corryjoel/status/1108103331291889664


It is more than likely that the Vikings just made this adjustment as an accounting move.
I thought they would do this with Hunter but he is likely going to need a massive raise in a couple of years if he keeps up his production or improves.

This is how most teams handle their contracts. Bonus restructures are advantageous to the player so there is no reason to avoid giving the team full control over how they allocate the cash. The Vikings contractual bylaws allow the team to convert any amount of salary in excess of the player minimum into a one time signing bonus. The Vikings are required to cut a check to the player within "x days" of the restructure. 

You're right that this is a pure accounting move. The dollars tied to Eric's contract remain the same aside from the dead money being prolonged. When the Vikings resigned Kendricks, Hunter, and Diggs last off-season they implemented vesting guarantees into their contract structures. This suggests they plan to bonus restructure all three of those guys into the future. 

Now onto finishing an extension for Trae. 

You think they extend Trae?  What about Alexander?  It would seem Alexander would be cheaper?  I am guessing 7 to 9 mil for Alexander and 11 plus mil for Trae.

Unless they are planning on moving on from Rhodes in 2020 or 2021 then they will have a lot of money tied up on corners.

It really shines a bright light on the decision to draft Hughes IMHO.

Spending a first round pick on a player who may not start until his 3rd or 4th year is quite the luxury.

I think they'd extend Trae before Mac and run with Rhodes, Waynes, Hughes. Then you still have Holton Hill as your 4th CB. I don't think the Vikings will bat an eye locking up money in their CB's since its arguably the most important position within their defense.