One down, one to go.
With the signing of Chad Greenway to a five-year deal worth $41 million, next up is Adrian Peterson. Given that Peterson is scheduled to make more than $10 million in base salary this season, the Vikings may be in no great rush to get a deal done this year. But, he definitely becomes the front-burner signing – and Chris Johnson's recent contract comes into play.
The Titans and Johnson agreed to a contract last week that, at face value, would appear to raise the bar to absurd levels. He received a four-year, $53.5 million extension, which, at first glance, would appear to be worth $13.4 million per season. However, Johnson was three years into a five-year rookie contract, making the contract he signed a four-year extension on the back end of the rookie deal. In essence, the deal is six years for $56 million, approximately $9.3 million a season.
It can only be imagined that Peterson's representatives are going to ask for a deal similar to the extension signed by Johnson, not the total of the six-year deal. That could be a problem for the Vikings, but Peterson's talent and the likelihood that he could play out a five-year contract if he signs one prior to the start of next season make getting a deal done an enticing proposition.
So where does A.P. fall in the big picture of things? That remains the $64 million question, which could be in the neighborhood where his contract totals end up.
Peterson is slated to make $10.72 million this year and has reached many of the incentives in his rookie deal.
Translation? When the Vikings finally do lock down Peterson – he is going nowhere, whether he is signed to a long-term deal or franchised the next season or two – it is likely to be a contract in the neighborhood of five years, $55 million with $30 million in guaranteed money. It's going to be a steep price, but, when you have the best running back in the league, it's what the market will bear.
"I know that is something that is being discussed and hopefully something will be done at some point, but we have some people that are handling that as well," Vikings coach Leslie Frazier said. "I'm sure [vice president of football operations] Rob Brzezinski and our staff will do a good job bringing that to closure at some point."
John Holler has been writing about the Vikings for more than a decade for Viking Update. Follow Viking Update on Twitter and discuss this topic on our message boards. To become a subscriber to the Viking Update web site or magazine, click here.
Attention turns to Peterson's contract
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