The Minnesota Vikings will suffer serious dead cap consequences if they don’t re-sign this free…..
The Minnesota Vikings have many free agents and will have a busy offseason. With $37.1 million in cap space, this offseason could change the landscape of their roster for the future.
The contract of one of their free agents voids on March 13, and the team hopes to get a deal done before the deadline, or else they will face significant dead cap consequences for 2024.
The contract of the Minnesota Vikings quarterback expires on March 13.
If Minnesota doesn’t re-sign Kirk Cousins to an extension by March 13, his contract will void, and the team will incur a dead cap hit of $28.5 million for 2024. Cousins restructured his contract in previous years, converting his roster bonus into a signing bonus, and essentially, the signing bonus is distributed evenly over the length of the contract, up to five years.
Since he’s a free agent and his contract voids, his cap hits from future years accelerate into the current season (2024), similar to someone getting released. This is why they would have a dead cap hit of $28.5 million if he doesn’t re-sign.
Cousins was having arguably his best season as a pro before he tore his Achilles in Week 8. He completed 216 out of 311 pass attempts (69.5%) for 2,331 yards, 18 touchdowns, five interceptions, 7.5 yards per attempt, 291.4 yards per game, a 103.8 passer rating, a 63.2 QBR, and a 4-4 record.
Because Cousins had his contract restructured, Minnesota has a limit to how much they can sign him.
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