Kelly and O'Neil will likely be gone, although I might be wrong on O'Neil. From the internet -
"There has been a lot of talk about how the underperformance at the QB position this year is especially troubling because the team went all-in on free agency to take advantage of the rookie scale QB contract. The common refrain is that since the team is $50M in the hole for 2026, this amounts to mortgaging the future for a 2025 run. I’m here to point out that the situation isn’t nearly as dire as suggested.
(All numbers below from OverTheCap)
The Vikings are indeed nearly $50M in the hole in terms of effective cap space for 2026. That number includes the new team cap number, carryover, the estimate for the rookie contracts, and filling the roster. While that sounds daunting, it can be managed.
Three relatively painless cuts in terms of on-the-field play will shave ~$30M off that number: Kelly ($12.1M), Hargrave ($11M), and Aaron Jones ($7.2M).
The remaining amount, and more for any free agents, can be handled by extensions (O’Neill) or salary to bonus conversions. Theoretically, conversions for only 4 players (Murphy, Greenard, Jefferson, and Darrisaw) could yield $67M. Obviously it would become problematic in future years to defer that much in the way of cap hits, but it shows just how much flexibility there is.
Additionally, the team has very few key unrestricted free agents. I might argue that Jalen Nailor is the top priority, which tells you something."
I think this is basically right. The Vikings also could save about 19m if they cut O'Neil instead of extending him, with only about a 4m cap hit. So there are lots of ways for the 2026 team to look.