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Vikings likely to part with Peterson
Adrian Peterson likely cashed his final payment from the Minnesota Vikings on Nov. 15, a $1,406,250 deposit the serves as the unspectacular sendoff for one of the franchise’s greatest players.
Unless he wins a pending appeal, Peterson ends the 2014 season having played one game, rushing for 75 yards, and earning $7,031,250.
Peterson was suspended for at least the rest of the season without pay by the NFL on Tuesday. He will appeal the decision, but there is nothing appealing about a reunion with Peterson from the Vikings’ perspective.
Every cent of the $36 million in guarantees Peterson was owed from the seven-year, maximum $100 million deal he signed Sept. 11, 2011, has been paid in full by the Vikings, who maintain a hands-off stance while the NFL took its latest — and lasting — action.
“The NFL has informed the Vikings of today’s decision regarding Adrian Peterson. We respect the league’s decision and will have no further comment at this time,” the team said in a statement Tuesday.
The tumult of head coach Mike Zimmer’s first season in Minnesota won’t soon be forgotten, but Tuesday’s ruling is the tipping point toward closure on the unsolicited drama.
Nike terminated Peterson’s contract on Nov. 6, and his No. 28 jerseys are cleared in most Minnesota stores.
While Peterson faces, at the most extreme, banishment under his suspension — should he fail to comply fully with commissioner Roger Goodell’s terms — the market for 30-year-old running backs is traditionally sluggish. Peterson turns 30 in March, about a month before the NFL said he can first be considered for reinstatement.
The move makes too much business sense for the Vikings, who can cut him at the start of the new league year rather than paying a $250,000 workout bonus.
Peterson’s cap hit for next season is $15.4 million and he has three seasons left on his contract at base salaries of $12.75 million, $14.75 million and $16.75 million.
By comparison, Kansas City Chiefs running back Jamaal Charles signed a four-year, $28 million extension in July. In 2012, LeSean McCoy and the Eagles hammered out a five-year, $45 million deal. The top free agent backs in 2013, Ben Tate (three years, $6 million with the Browns) and Knowshon Moreno (one year, $3 million, Dolphins) learned of the continued trend of frugal spending on players at the position.
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