The Vikings have extended the contract of center John Sullivan through 2017 according to ESPN’s Field Yates. Technically the extension is valued at one year for $8.5 million, but the reality is that the contract is a $2.25 million raise for this season and $3 million over the next two years. Such a contract avoids any potential contractual problems this summer, keeping the team’s starting center happy and fully involved with the team.
Sullivan, who was scheduled to earn $4.75 million this year, will now earn $7 million, but just $1 million of that raise comes from a signing bonus, which keeps the Vikings accounting records clean in the event they want to move on from Sullivan at any point in the future. His actual “extension year” carries a $5.5 million salary, but he could be released that year with just $333,334 remaining on the salary cap, so this is essentially a pay as you go style contract.
The Vikings lost $1.333 million in cap room by extending Sullivan. Sullivan had previously counted for $6 million on the cap. His new cap charge this year is $7.333333 million. The following two seasons will have Sullivan at cap charges of about $5.83 million each year. Sullivan had been OTC’s pick for best contract on the Vikings due to their decision to lock him up early rather than allowing him to test free agency. The $6 million he can earn over the next three seasons puts him somewhat back in line financially with his actual production.
Jason is the founder of OTC and has been studying NFL contracts and the salary cap for over 15 years. Jason has co-authored two books about the NFL, Crunching Numbers and the Drafting Stage, which are widely circulated in the industry and hosts the OTC Podcast. Jason’s work has been featured in various publications including the Sporting News, Sports Illustrated, NFL Network and more. OTC is widely considered the leading authority on contract matters in the NFL.