There’s been some angst in Vikingsland regarding Jonathan Greenard’s desire for a revised contract as his $19 million per year deal—with two years remaining—lags behind the NFL’s top edge rushers (led by Micah Parsons at $42 million per year, including the final year of his rookie deal in 2025.

Greenard is not in a great bargaining position after he missed five games last season, and his sack total fell from 12 in 2024 to three, although his pressure rate remained among the top edge rushers. I expect the Vikings to give him some incentives based on again reaching double-digit sacks (which won’t count against the cap this year since he didn’t achieve that level last year) and then consider an extension next year if he plays more games and performs at an elite level to help the team return to the playoffs.

Jefferson’s Contract Outlook Stays the Same

Greenard falls somewhat into the category of recent big deals far surpassing a two-year-old contract, as the salary cap has boomed in recent years. Vikings fans can rest assured this is not the case with Justin Jefferson, who signed his four-year, $140 million extension ($35 million per year in new money) in the same year (2024) that Greenard joined the Vikings.

When Seattle superstar receiver Jaxon Smith-Njigba was signed last week to a four-year, $168.6 million extension ($42.15 million per year), the possibility emerged that Jefferson—with three years left on his deal—would ask the Vikings to renegotiate his contract, which, on first glance, appears to be about $7 million per year less than Smith-Njigba.

Here’s a lesson in NFL caponomics that shows why Jefferson shouldn’t have a beef with his contract vis-à-vis JSN’s deal.

When Jefferson signed his extension, he had one year left on his rookie contract, with a fifth-year option worth approximately $20 million. Therefore, his total compensation over the five years from 2024 to 2028 is $160 million, which equates to $32 million per year.

Whereas Jefferson had to wait until after his fourth season to get his extension, Smith-Njigba’s new deal was negotiated after his third season (the earliest that a player under a rookie contract can be extended). He has two years left on his rookie deal, worth a total of $26.6 million, bringing his total compensation to $195.2 million over six years (2026-2031). That is an average of $32.53 million.

So the reality is Smith-Njigba’s deal is only $530,000 per year more than Jefferson’s over the next three years, and if Jefferson stays at an elite level, he’ll surely receive an extension that begins in 2029 and surpasses Smith-Njigba’s current deal.

The true leader in average wide receiver salary per year is still Cincinnati’s Ja’Marr Chase, who is making $36.4 million per season. He signed a four-year, $161 million extension after his fourth season, when he had one more year left on his rookie deal at $21 million, bringing his total contract to $182 million over five years.

Agents love to trumpet the new money in these top-of-the-market extensions, which I certainly understand since I now work in the agent business. But caponomics tells us we have to fully examine the deals, including the years and dollars remaining on the old contract, to get the true value of the contracts.

So don’t expect to hear Jefferson complain about his contract after the Smith-Njigba extension.

Reactions to Kevin O’Connell’s Media Session at League Meeting

1. On Greenard: O’Connell emphasized how much he and the team value Greenard as an impact player when healthy and as a team leader (he was a captain last season). O’Connell said he expects Greenard to be with the Vikings in the 2026 season, but he didn’t go so far as to label him untouchable. I think the team needs to keep the 28-year-old Greenard for at least one more season, and probably much longer, if he stays healthy and productive in the season ahead.

2. O’Connell said Blake Brandel will “more than likely” be the first-team center in the offseason OTAs and minicamp after playing the position for the first time last season in several games due to Ryan Kelly’s injuries. O’Connell is encouraged by the development of backup center Michael Jurgens, who appeared a bit shaky in his limited play last season. I expect the Vikings to draft a center in the first three rounds of next month’s draft and have an open competition for the starting spot.

3. On joining the prestigious NFL Competition Committee: O’Connell is excited about the opportunity to help with new rules and procedures that the committee presents to the NFL owners for votes. His addition to this committee is a nice tribute to the League office’s view of him as one of the NFL’s top coaches.

Addison’s Fifth-Year Option

The Vikings wisely exercised the fifth-year option in Jordan Addison’s rookie contract, which is now guaranteed for a projected $18 million in 2027.

Addison is an excellent second receiver to Jefferson and would be a No. 1 WR on many teams. He’s had too many off-field incidents in his three seasons and too many drops last season, but he’s been very productive overall, with 2,396 receiving yards and 22 TDs thus far in his career. The Vikings hope he matures off the field as he continues to improve and make an impact on the field.

Jeff Diamond is a former Vikings GM, former Tennessee Titans President and was selected NFL Executive of the Year … More about Jeff Diamond