Adam Thielen is returning home. The Panthers have agreed on terms to send the Minnesota native back to the Vikings, with ESPN’s Adam Schefter reporting the deal is done.
Carolina will receive a 2026 fifth-round pick and a 2027 fourth-rounder. Minnesota adds Thielen, a conditional 2026 seventh-round pick and a 2027 fifth-rounder, according to Schefter, who adds talks between the NFC teams have been serious for a few days.
The teams had been haggling over trade value this week, and ESPN’s Jeremy Fowler adds the Panthers initially asked for a lot in return for the established possession receiver. With terms agreed to, the Vikings are finalizing a revised contract, NFL.com’s Tom Pelissero adds.
Thielen rejoins a Vikings team hurting at wide receiver to open the season. Jordan Addison incurred a three-game suspension for a 2024 DUI arrest, while Rondale Moore suffered a season-ending knee injury for a second straight year. Jalen Nailor is also recovering from a hand injury, and Justin Jefferson missed a few weeks because of a hamstring injury sustained early in training camp.
Despite the Vikings cutting Thielen in 2023, veteran reporter Jordan Schultz indicates Kevin O’Connell advocated “strongly” to add a veteran to help. Thielen, 35, fits the bill and has scheme familiarity from his 2022 season in O’Connell’s offense. Prior to that, Thielen played nine seasons in Minnesota. The former rookie-camp tryout body is set to play a 13th NFL season, and he will be asked to help J.J. McCarthy transition to the pros.
Thielen becomes the third receiver the Panthers have traded since October. They dealt Jonathan Mingo to the Cowboys and ended the failed Diontae Johnson experiment before the 2024 deadline. Thielen, who accepted a revised contract this offseason, will be dealt from an offense that added another first-round wideout — Tetairoa McMillan — this year. McMillan leads the way for the Panthers at receiver now, headlining a group featuring Xavier Legette and UDFA talent Jalen Coker. This does strip a proven pass catcher from Bryce Young, but the Panthers have young talent to garner key reps this season.
After two productive seasons in Carolina, Thielen accepted a reworked contract this offseason. The Panthers had him on a one-year, $8.75MM deal ($1.5MM guaranteed). While the rework gave Thielen some guaranteed money for 2025 — the final year of his contract — it also left the door open for a trade. The Panthers will take on $5MM in dead money from moving Thielen, with the figure being split between the 2025 and ’26 seasons.
Thielen tacked on a third 1,000-yard season to his resume in Carolina, being a woeful offense’s top option in 2023. He added a 615-yard year in 2024, doing so despite missing seven games with a hamstring injury. The former Jefferson and Stefon Diggs sidekick ranks third in career Vikings receptions and receiving TDs, sitting fifth in career Minnesota yardage.
Thielen had pointed to 2025 potentially being his NFL finale, and it will now come in his home state. Thielen combined...