The Minnesota Vikings have reportedly restructured the contract of tight end T.J. Hockenson in order to free up cap space. This move likely provides the team with some financial flexibility to address other roster needs, including potentially signing free agents or extending current players.
Hockenson, who was acquired by the Vikings in a trade with the Detroit Lions during the 2022 season, had a standout year in 2023, establishing himself as one of the top tight ends in the league. The restructure could involve converting some of Hockenson’s salary into a signing bonus, which would spread out the cap hit over the remaining years of his contract.
By restructuring contracts, NFL teams can create immediate cap space without cutting players, which is a common strategy when trying to manage the salary cap, especially for teams with championship aspirations. In the case of the Vikings, this move gives them more flexibility as they work to build a competitive roster.
