Several sportsbooks swiftly removed the Minnesota Vikings from their list of season over/under win totals following a report Tuesday morning by WCCO-TV in Minneapolis and ESPN that twice-retired quarterback Brett Favre will sign today with the team.
The move became official when Favre and Minnesota's management team addressed the media Tuesday evening. Favre signed a two-year contract worth a reported $10 million in the first with a $12 million option in the second.
Minnesota was set at anywhere between +1500 and +2000 to win the Super Bowl on Tuesday morning depending on where you place your bet and the Vikings are listed at around +165 to win the NFC North.
"When Favre was initially planning on signing with the Vikings their odds to win the Super Bowl were 12-1 and jumped to 18-1 after he announced he would retire," says Bodog.com sportsbook manager Richard Gardner. "If he does in fact sign with the Vikings, the odds would drop back to 12-1 and line up with where the public was betting the Vikings on the assumption Favre would play."
Gardner also added the the Vikings season win total would take a jump by a half-game from 9 wins to 9.5.
Some books are talking about a larger adjustment. Randy Scott, sportsbook manager for betED.com, says his book might reopen with the Vikings' win total at 10.
"Our Vikings odds to win the Super Bowl were +2400 before we took it down," Scott says. "I suspect that number will drop at least to +1900."
Back in February, Favre said “yes” when asked in an interview if he could say definitively that there is no way he would play another NFL game. That didn’t stop a mountain of speculation this spring and summer that he would wind up with some team, most likely the Vikings.
If Favre does sign, this would mark the second time he came out of retirement to play for a new NFL club. Last year he played for the New York Jets after retiring from the Green Bay Packers following the 2007 season. Favre threw for 3,472 yards, 22 touchdowns and 22 interceptions with the Jets last year.
ESPN football analyst and former Viking Cris Carter is reporting that Favre will start in Minnesota's presesaon game on Friday. Oddsmakers currently have the Vikes as 3.5-point faves against the Chiefs with the total set at 36.