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Report: Phil Loadholt Agrees To Restructured Contract

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Kim Klement-USA TODAY Sports

With the beginning of the free agency period quickly closing in, the Minnesota Vikings have made one of the moves that many of us anticipated them making with offensive tackle Phil Loadholt.

Darren Wolfson of KSTP in Minneapolis had the story first.

Loadholt was set to have a cap figure of $7.75 million, but this contract appears to drastically reduce that figure. When we get the full impact of this deal on the salary cap, we will update this post.

Loadholt has spent his entire career with the Vikings since being drafted in the second round of the 2009 NFL Draft out of Oklahoma. He has suffered season-ending injuries the past two seasons, losing six games to a torn pectoral in 2014 and the entire 2015 season to a torn Achilles tendon that he suffered in the pre-season.

Phil Loadholt is back in the fold for the Minnesota Vikings and, at this point, is presumably going to re-take his starting spot at right tackle. What do you think about this one, ladies and gentlemen?

UPDATE: According to Spotrac, Loadholt's base salary was $5.4 million and his overall cap figure was $7.75 million. With his base salary reduced to $2 million, it would appear that this deal will save the Vikings a little more than $3 million.