The Vikings have been talking to Rice and would like to sign him to a long-term contract extension before the CBA expires at the end of the day Thursday, but the 2009 Pro Bowl selection is willing to take his chances in free agency.
"I didn't want him to be sensitive about the fact that it was (linebacker) Chad (Greenway) being franchised instead of Sidney," Frazier said Friday. "That does not mean that we're not going to do right by Sidney, but we couldn't franchise both of them. We want to get Sidney signed and take care of him, because he's going to take care of our football team."
Rice, who's heading into his fifth NFL season, isn't averse to re-signing with the Vikings and would consider them during free agency.
Rice had a breakout season in 2009, starting 14 games for the Vikings and making 83 receptions for 1,312 yards and eight touchdowns. He was limited to six games last season after undergoing hip surgery in August, catching 17 passes, two for scores.