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Contract Updates

We mentioned earlier that Chris DeGeare signed his rookie contract today and now his financial terms are available.  The deal is for four years worth $1.95 million with a $164,800 signing bonus. 

Also, players drafted on either side of cornerback Chris Cook have reached agreements.  The Rams paid Roger Saffold a contract worth $6.3 million ahead of the Vikings and behind them the Bucs paid defensive tackle Brian Price $5.32 million.  Both are four year contracts.  This would suggest that Chris Cook’s contract will likely come in at about $5.81 million with about $3.725 million in guaranteed money.

Neither player in front of or behind Toby Gerhart has signed a contract, so it is likely that Gerhart’s contract takes longer to get done than Cook’s.  Team and agents alike often use the slotting process as a beginning point for negotiations. 

The Vikings have shown a willingness in the past to simply wait until a floor and a ceiling have been set before agreeing to terms with a rookie, even if it means the negotiations come down to the wire or even eat into the opening days of training camp.

The Vikings have all the power, in my opinion, in dealing with their two remaining rookies.  Both Cook and Gerhart face stiff competition at their respective positions and need all the reps they can get to prove that they belong on the field or in the starting lineup come September.

If they can’t get the reps then they can’t win over the coaches, which means they can’t get on the field much, which means they can’t reach those incentives they negotiated for in the first place.  Bottom line?  These guys know that and their contracts will probably both be signed by this time on Friday.

(UPDATE:  Just as I posted this the Chiefs signed Javier Arenas to a four year deal.  While financial terms have not yet been disclosed, this will effectively set a ceiling for Gerhart’s contract.)

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10 Responses to “Contract Updates”

  1. B. Grant says:

    Pretty quiet at the Gab, but thanks Adam. How you keep track of all this stuff is beyond me – but you do it quite well.

    Its another beautiful morning and puts us one day closer to the opener, meaning there are only 42 John Gilliam days remaining until we take on those Saints. Six weeks!

    • Adam Warwas says:

      Thanks, Coach. It seems like kind of a waste to be so on top of the rookie contract situations (becuase very few people actually care) but I’m just so darn happy to have something new to write about 🙂

      I’ll be out of commission for today, though… so the Gerhart suspense will probably kill me 🙂

      • B. Grant says:

        Nah, I don’t think its that we don’t care, AW, there just isn’t a whole lot more to say (although this group isn’t always limited by that requirement!) :-). There have been some pretty interesting years of getting rookies signed and into camp, but things seem to have calmed down in that area the last few years. Is that a credit to The Triangle, new rules, what?

        Good luck today.

      • Fragile Freds says:

        No Buds, AK is right. No one cares about signings.

      • B. Grant says:

        Ok then… “I” care about the rookie signings.

        Meanwhile, Freds is losing sleep over the Wrangler’s decision and all the events surrounding the Bengals signing of Terrell Owens – please keep him up to date on these items, Adam.

  2. bigjohnny84 says:

    Mornin coach. Great job filling in for CC. I guess today is the day Gerhart and Cook get signed. Would hate to wait til the last minute.

  3. starrc10 says:

    Good Morning Gents!

    Bought tickets for the Dec 20th Bears game last night, pretty excited. Now I just need some-one to re-assure me we are going to win. This game will be the home finale, and hopefully there will be nothing at stake for us except to stomp the Bears again 🙂

  4. B. Grant says:

    Actually, starrc, wouldn’t it be even better if EVERYTHING was at stake? The division title, home field advantage throughout the playoffs. Then, there you are, watching it all unfold live! (Or doubling your money on the street!)

  5. bigjohnny84 says:

    I would prefer coachs scenario but only if they won. Very long trip home otherwise and way to many Colt 45s.

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