Vikings right tackle Phil Loadholt has restructured his contract in order to stay with the Vikings. The Minnesota Star Tribune has reported Loadholt has agreed to significantly reduce his $7.75 million dollar cap hold.
Loadholt originally carried a base salary worth $6 million along with bonuses that brought it up to the $7.75 cap number. Now that number has been significantly reduced to a $2 million dollar base salary that includes $1.5 million in incentives. The deal on the other hand was not extended which means he can become a free agent following the 2017 season. It appears that he would have been released if he did not agree to redo his deal.
Loadholt, 30, sat out the entire season due to a torn Achilles. He also found himself on injured reserve in 2014 due to a torn pectoral. It is safe to assume those incentives are based on his previous injury history. The former 2nd round pick in 2009 is not guaranteed to start after rookie T.J. Clemmings showed some promise towards the end of last season. The question now remains on what the Vikes will do with the large contracts of Mike Wallace and Matt Khalil that figure to be reduced or released all together. The Vikings figure to be active in free agency after making the playoffs a year ago.
