Loadholt was scheduled to make a base salary of $5.4 million with $2.35 million more in bonuses in 2016. The new deal cuts his base salary down to $2 million and he can earn up to an addition $1.5 million in incentives.
The veteran offensive tackle turned 30 in January and will be entering into his eighth season in the NFL. He was forced to miss the entire 2015 regular season, and the Vikings’ one postseason game, after tearing his Achilles tendon in the preseason.
He was also forced to miss the final five games of the 2014 season after he tore his pectoral muscle in the team’s Week 12 game against the Green Bay Packers.
There is plenty of speculation of how well Loadholt will be able to bounce back in 2016 and whether or not he will even be able to beat out T.J. Clemmings for the starting spot. Not only does this re-structured deal save the Vikings cap space – it could save them more than $5 million – but it also gives them some protection if Loadholt does not return to original form.
By making it a one-year deal, it also allows the team to evaluate the veteran for a season and then decide what they want to do moving forward.