Riley Reiff's restructured contract creates $5 million in salary cap savings for the Vikings, while giving the left tackle a chance to recoup $2 million through playing-time incentives.
Reiff agreed to drop his salary from nearly $11 million to about $6 million, according to a league source, to stay in Minnesota. Teammates were under the impression Reiff was going to be released Tuesday until he and his agent, Neil Cornrich, accepted a steep pay cut the Vikings broached after trading for Jacksonville defensive end Yannick Ngakoue.
Reiff, the 31-year-old team captain, avoids searching for a new team amid COVID-19 restrictions and NFL revenue shortfalls.
The Vikings' front office structured Reiff's incentives in a way that will allow him to recoup money while keeping it off the salary cap this season. Reiff can earn back $1 million for reaching 86% playing time, and another $1 million for 93.75% playing time, according to a league source.
If healthy, both incentives are attainable for Reiff. But because he played 85.7% of the snaps last season, they're deemed "not likely to be earned" for salary cap purposes and, if achieved, won't count against the cap until after the season.
Reiff returned to practice Thursday after missing three sessions earlier this week, when the shake-up included Brian O'Neill moving to left tackle. With O'Neill back on the right side and a new starter expected in left guard Dakota Dozier, coaches hope for offensive line stability.
"We'll settle down now and get back to work here with our guys," offensive coordinator Gary Kubiak said. "We probably have an eight-man, seven-man type rotation going on as far as how we're working getting into [Week 1 vs. Green Bay]."
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