In a historic move, the Minnesota Vikings' wide receiver Justin Jefferson has signed one of the most lucrative contracts in NFL history. June 3 will forever be remembered as "Justin Jefferson Day" as fans celebrate this monumental deal. Let's dive into the details of Jefferson's contract and its impact on the NFL landscape.

After months of negotiations, the Vikings and Jefferson have finally reached an agreement on a new contract, putting an end to the lingering drama. This new deal solidifies Jefferson's status as the highest-paid non-quarterback in NFL history, surpassing A.J. Brown's previous record.

The historical deal guarantees Jefferson a whopping $35 million per year. The four-year extension is reported to be worth a staggering total of $140 million, including an impressive $110 million in guaranteed money. With an average annual salary of $35 million, Jefferson also surpasses Nick Bosa as the highest-paid non-quarterback in the league. This contract keeps Jefferson with the Vikings through the 2028 season.

The decision to invest such a significant amount of money in Jefferson comes as no surprise. The young receiver has already established himself as one of the best in NFL history within his first four years in the league. Jefferson holds numerous records, including the highest average receiving yards per game in NFL history (98.3). He also boasts the most total receiving yards (5,899) and 100-yard receiving games (29) by a player in their first four seasons, surpassing even Randy Moss.

Furthermore, despite playing in only 10 games in 2023, Jefferson still managed to surpass the 1,000-yard mark, becoming just the third player to achieve this milestone in a season with limited appearances.

Jefferson's record-breaking contract is likely to have a ripple effect on other wide receivers in the league. Players like Ja'Marr Chase and CeeDee Lamb, whose performances have been comparable to Jefferson's, are expected to seek similar contract numbers from their respective teams. The domino effect could also impact the asking price for players like Tee Higgins and Brandon Aiyuk, opening the door for them to negotiate higher salaries.

Interestingly, Jefferson is not the only wide receiver to secure a massive contract extension this offseason. Joining him are a list of talented receivers, including Jaylen Waddle, A.J. Brown, Amon-Ra St. Brown, DeVonta Smith, Nico Collins, Michael Pittman Jr., Jerry Jeudy, and Mike Evans.

Moving on from the record-breaking contract, let's shift our focus to the teams that have gained significant salary cap space due to the NFL's June 1 rule. On this critical date, teams are allowed to cut players with a post-June 1 designation, spreading their salary cap hits over two years.

Eight teams have capitalized on this rule, freeing up substantial salary cap space. These teams include [mention eight teams mentioned in the provided text] who collectively gained at least $9 million in cap space.

As the NFL offseason continues to unfold, with players securing historic contracts and teams strategically managing their salary cap, the league is set to witness a new era of financial milestones and game-changing deals. For Justin Jefferson, his historic contract not only secures his financial future but also cements his place among the greatest receivers in NFL history.