The Minnesota Vikings were not big players in the first day of the ‘legal tampering period’ which has become essentially the first day of free agency as a torrent of deals are announced.

The Vikings did make some big splashes in free agency last year, and the dead cap hits to clear those moves is a big reason why they haven’t made any big splashes so far this year. That should serve as a useful reminder that often times the big splashes in free agency don’t work out and prove to be bloated contracts the team dumps in a couple years.

‘Moneyball’ Free Agency for the Vikings

The Vikings did sign a one free agent today that wasn’t previously on the team, namely cornerback James Pierre formerly with the Steelers.

The above graphic is difficult to read but the upshot is that Pierre had the lowest passer rating when targeted allowed along with the lowest completion rate when targeted allowed of all defensive backs in the league last season. That translated into the highest PFF coverage grade among cornerbacks with more than 13 coverage snaps last season as well. Pierre is an older player- 29 – but the Vikings signed him on a 2-year deal with an average annual value (AAV) of just $4.25 million. Overall, a good but overlooked player who could fill the CB3 role for the Vikings or potentially be a quality depth piece if the Vikings draft a cornerback that wins a starting job. I like this move by the Vikings a lot better than the move to sign Jeff Okudah last year.

There was no news on the Kyler Murray front as the Cardinals have not officially released him yet, which precludes any announcements from his future team, but should he end up signing with the Vikings as is widely expected, he too would be another “Moneyball” type signing as a quality starter on just a veteran minimum salary.

The Vikings didn’t seriously involved in any bidding wars either, including for their own free agents. Jalen Nailor signed with the Raiders on a 3-year, $35 million deal. There was no way the Vikings were going to pay Nailor anything near that to be WR3. Nailor will move up the depth chart with the Raiders and their likely new quarterback Fernando Mendoza. The Vikings also let punter Ryan Wright sign with the Saints on a 4-year, $14 million deal.

The Vikings were also rumored to be looking into the free agency running back market, but don’t appear to have been serious contenders for any of the higher profile names- Kenneth Walker, Kenneth Gainwell, Travis Etienne, or Tyler Allgeier. My own view on this is unless the Vikings went for a big splash and ponied up to sign Walker, the other running backs on the market really aren’t going to move the needle on the Vikings’ running game. That’s not to say they aren’t good or decent running backs, they just aren’t going to make much difference and come at higher prices. The Vikings would be better off using a mid-round pick on a running back who could rotate with Jordan Mason and possibly Zavier Scott. There are a few running backs in this year’s draft who could fill that role nicely and could surprise on the upside.

The Vikings also wisely avoided the overheated center market, highlighted by Tyler Linderbaum signing a 3-year, $81 million deal with the Raiders that is basically fully guaranteed, as the last year of the deal becomes fully guaranteed at the beginning of next season. For comparison, quarterback Kirk Cousins signed the first fully guaranteed free agent quarterback contract back in 2018- 3-years, $84 million. Now centers are getting the same deals.

The Vikings did make deals with some of their own, however. They signed linebacker/core special teamer Eric Wilson on a 3-year, $22.5 million deal with $12.5 million guaranteed. The details of the deal are not yet available, but it looks like more of a two-year deal at $6.25 AAV with a third-year club option. Wilson had one of his better seasons last year, leading the league in quarterback pressures among off-ball linebackers while still being good in run defense. He was mediocre in coverage but also a leader on special teams and highest PFF-graded among core special teamers. He may be the special teams captain this season with the retirement of C.J. Ham.

The Vikings also agreed on some Exclusive Rights Free Agent (ERFA) deals with Bo Richter, Jalen Redmond, and Zavier Scott- essentially league minimum deals- and made a tender offer on Ivan Pace Jr. on a Restricted Free Agent (RFA) deal that will likely keep Pace with the Vikings this year for $3.5 million.

What’s Next in Free Agency

Apart from the Vikings potentially/likely signing quarterback Kyler Murray at some point after he’s officially released by the Cardinals, there’s not a lot of rumors out there linking the Vikings to any particular free agent. They could potentially be looking to add to just about every position room at this point. The Vikings still have plenty available to spend in free agency, but I don’t expect any big money splashes on one particular player.

There is also rumored to be interest among at least a couple teams in trading for Jonathan Greenard. The Eagles, Patriots, and 49ers, among others, could be willing to make a strong trade offer for Greenard. The asking price is thought to be at least a Day Two draft pick this year- most likely a second-round pick- but even a late first-round pick is a reasonable comparable after the trade of Maxx Crosby to the Ravens for two first-round picks. We’ll see what happens, but it seems more likely than not the Vikings will get at least one trade offer for Greenard. Whether any will be sufficient for them to move him is another question.