The Vikings have restructured the final three years of Adrian Peterson’s contract, the team announced Tuesday.
He was already signed through 2017, with his final three years scheduled for non-guaranteed base salaries of $12.75 million this year, $14.75 million next year and $17.75 million in 2017. The salary-cap hits in those years were $15.4 million this year, $15 million in 2016 and $18 million in 2017 with workout bonuses figured in.
His new contract also goes through 2017, but he now has $20 million guaranteed. Essentially his contract remains the same for this year, but he has $13 million guaranteed, which would have been about the same amount guaranteed had he played in the first regular-season game. The real difference lies in 2016, when he has $7 million guaranteed against injury and a $5 million roster bonus due the third day of the league year (in March), according to ESPN, meaning the Vikings would have to make a decision on his future before the bulk of free agency has taken place.
“This agreement is a win for both Adrian and the Vikings and is a positive step toward Adrian finishing his career as a Minnesota Viking,” Vikings General Manager Rick Spielman said in a statement. “As we have consistently said, Adrian is a valuable part of the Vikings organization and we look forward to his return to the field.”
Peterson had vented on Twitter against the non-guaranteed nature of NFL contracts, and none of the final three years of his contract was previously guaranteed. Now a little less than half of his total contract is guaranteed over the next two years.
“I appreciate the Vikings for working together on this restructured contract, which provides additional security for me but also allows opportunities for me to further prove my value to the team and within the NFL,” Peterson said in a statement. “It was important for me to continue my career in Minnesota, and I cannot wait to get on the field in front of Vikings fans again.”
Vikings restructure Peterson’s contract
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