Hutchinson comes close to his scheduled 2012 payout

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The Vikings pulled the plug on the final year of guard Steve Hutchinson’s seven-year, $49 million contract because the team didn’t want to pay him $6.95 million in 2012.

His new team will instead pay him $6.5 million this year.

A source with knowledge of the contract tells PFT that Hutchinson receives from the Titans a $4.5 million signing bonus, plus a fully-guaranteed $2 million base salary in 2012.

He also is due to earn a $500,000 roster bonus and a base salary of $4.75 million in 2013, plus a base salary of $5 million in 2014.

It’s a total of $16.75 million over three years.  If the Titans decide to move on after one year, he’ll still be almost where he would have been if the Vikings had kept him for the final year of the contract.