I mentioned that newly re-signed right tackle Phil Loadholt had some very kind and gracious words about Minnesota shortly after his new deal was announced. Now we know he had plenty of reasons to say such nice things.
Loadholt’s deal is reportedly good for up to $25 million over the next four seasons. Tom Pelissero says it included a $7 million signing bonus and that Loadholt will now count $4.75 million against the 2013 salary cap. The cap hit will increase by $1 million through every season of the contract.
That means Loadholt’s new contract will see him paid an average of $6.25 million per year, which is very high end money for a right tackle. Those numbers are particularly impressive considering that there are a number of other right tackle options, such as Sebastian Vollmer and Andre Smith, still on the open market.