Minnesota Vikings….

Kwesi Adofo-Mensah had gone two seasons with the quarterback his predecessor signed, but after Kirk Cousins‘ fourth set of Vikings extension talks did not produce a deal in 2023, the current Minnesota GM finally cut the cord. Cousins’ departure headlined an eventful Vikings offseason, one that later included a market-setting wide receiver contract.

As the Vikings transition at quarterback, they will use some of the money freed up by Cousins’ departure — following a not insignificant dead money total stemming from void years — on one of their Rick Spielman-era acquisitions. While Minnesota’s offseason featured notable moves at several positions, the decisions made at quarterback and wideout defined it.

Negotiations between the Vikings and Jefferson ran up to Week 1 last year. At that point, no team in the fifth-year option era (2011-present) had extended a first-round wide receiver with two years of rookie-deal control remaining. Jefferson and CeeDee Lamb were in that boat last year, and while extension rumors surfaced, no deals came to pass. The Vikings submitted an offer worth more than $28MM per year before the 2023 season started. With that proposal not topping Tyreek Hill‘s position-record AAV number, Jefferson predictably declined to set the stage for a 2024 reconvening. The superstar wideout was proven right by waiting.

Even though Jefferson sustained a hamstring injury that sidelined him for seven games, he still managed a 1,000-yard season. Jefferson, 25, had already shattered Randy Moss‘ NFL record for receiving yardage through three seasons, accumulating 4,825. Jefferson’s age, his monster production, the Vikings moving off a proven QB’s contract and the receiver market shifting — following a record cap spike — beyond the $30MM place worked in the fifth-year pass catcher’s favor. Jefferson secured whopping terms and returned to work to begin establishing a rapport with Sam Darnold and J.J. McCarthy.

Skipping the start of Vikings OTAs in an effort to become the NFL’s highest-paid non-quarterback, Jefferson succeeded by passing Nick Bosa‘s $34MM-per-year contract. Also possessing leverage stemming from the Vikings’ natural interest in having their top player at workouts to begin training alongside its new QBs, the LSU alum pounced. Jefferson secured record-smashing guarantee figures, prevented the Vikings from backloading his deal the way Hill and Davante Adams‘ contracts are structured and managed this on a four-year agreement — one shorter than the Vikes initially sought.

The fifth wide receiver chosen in a memorable 2020 first round, Jefferson has set guarantee bars that are complicating the Cowboys and 49ers’ negotiations with their 2020 first-round wideouts. His total guarantees ($110MM) checked in $26MM north of A.J. Brown‘s new mark at the position. More importantly, the full guarantees ($88.7MM) are $36MM higher than the next-closest wideout. The WR investment business is booming, and the guarantees the Vikings authorized may give teams pause.

Rumblings about teams considering two-first-rounder trade offers for Jefferson emerged, with the Vikings loosely linked to a trade-up for LSU’s Malik Nabers. Little in terms of concrete info — unlike the Vikes and Giants’ Drake Maye trade-up offers — came out, however. No wide receiver has fetched two first-round picks in a trade since the 2000 offseason saw it happen twice — for Joey Galloway (Seahawks to Cowboys) and Keyshawn Johnson (Jets to Buccaneers) — but after Hill and Adams fetched first- and second-round picks in 2022 swaps, Jefferson’s age and the exploding WR market would have made him a clear candidate to end this drought.

The Vikings have a history of extending receivers and then trading them, having taken this route with Moss (2005) and Stefon Diggs (2020). Minnesota also unloaded Percy Harvin (2013) rather than extend him, but the Adofo-Mensah regime finished the Jefferson process with a commitment.

As it stands, the Vikings will pair Jefferson’s megadeal with McCarthy and Jordan Addison‘s rookie contracts. Although Minnesota now has the NFL’s highest-paid wide receiver and tight end (T.J. Hockenson), getting off Cousins’ contract will help the club afford the market-setting accords.

For a second straight year, the Vikings gave Smith a pay cut. The safety market’s inconsistency over the past two offseasons has impacted accomplished veterans. Smith signed two extensions that placed him atop the position’s market — in 2016 and 2021 — but Adofo-Mensah has led the way in back-to-back contract reworkings.

Smith, 35, is the Vikings’ longest-tenured player by a wide margin. He had agreed to a four-year, $64MM extension in August 2021, but after a 2022 restructure, the veteran Pro Bowler agreed to a $7MM pay cut in 2023 and again reduced his deal in March. Smith’s 2021 extension ran through 2025; it now expires a year early, via void years which have become a thorny subject during the Adofo-Mensah regime. Smith reduced a $15.3MM base salary to $9MM, with a $7MM signing bonus representing a solid guarantee for a 13th-year veteran at an unstable position.

Pro Football Focus ranked Smith, whose 176 career games are tied for fifth among defenders in Vikings history, 34th among safeties last season. If Smith is not re-signed before the 2025 league year, the Vikings will be tagged with $9.5MM in dead money. This would remind of Dalvin Tomlinson‘s 2023 exit.