We noted early this month that the Vikings wanted to keep Chad Greenway, but didn’t want to pay him the $7 million he was owed on his contract.
Greenway has taken a pay cut that will give Minnesota more than $3.2 million in salary cap relief, Field Yates of ESPN reports. Greenway’s new base salary is $3.4 million. He has $1 million guaranteed this year and can get $600,000 in incentives.
The Vikings drafted Greenway in the first round in 2006 and he’s spent his entire career in Minnesota, and both sides want Greenway to finish his career in Minnesota. But it’s also clear that both sides realize that at age 32 and coming off an injury-plagued season, Greenway isn’t the same player he was when he signed his previous contract. Now he’s going to be making a salary more commensurate with where he is, late in his career.