The Minnesota Vikings find solace in having star wide receiver Justin Jefferson secured for another season, yet the looming question of a contract extension remains a prominent concern. Former Vikings general manager Jeff Diamond suggests that negotiations for an extension may be underway before the commencement of free agency on March 13.
In a recent piece for 33rd Team on January 24, Diamond forecasts a potential extension in the ballpark of $172.5 million, covering five new years from 2025 to 2029. However, discussions might orbit around the $175 million range, with agents pushing for a $35 million annual average in new money, eventually settling at $34.5 million per year.
The envisioned contract could include a substantial $50 million signing bonus and a robust $125 million guaranteed. According to Diamond, Jefferson aspires to claim the title of the “highest-paid non-quarterback” in the NFL, surpassing notable figures like Aaron Donald in terms of average annual salary and Nick Bosa in guaranteed money.
If this prediction comes to fruition, Jefferson would not only surpass Tyreek Hill as the highest-paid wide receiver in NFL history concerning annual value but would also outdo Davante Adams in terms of total value.
At the age of 24, Jefferson has amassed an impressive track record, surpassing 1,000 yards for the fourth consecutive season, even amidst a seven-game hiatus due to a hamstring injury and other setbacks. An added benefit of the contract extension could be a potential alleviation of the Vikings’ cap burden in 2024 by approximately $10 million.
Given that the Vikings currently have just under $30 million in cap space, according to Spotrac, and the need to shape their roster, securing Jefferson’s future appears not only a desire but a vital necessity for the franchise.
