Travis Kelce’s contract has made him one of many highest-paid tight ends within the league. Waiting for the 2023 NFL season, what’s the form of Kelce’s contract, his cap quantity subsequent 12 months, and the Kansas City Chiefs‘ choices over the approaching years?
Travis Kelce’s Contract Particulars
Kelce’s contract is a four-year, $57.25 million deal that features $22.75 million in ensures. His common annual wage is $14.313 million, and the contract contained no signing bonus. In 2023, Kelce will rely for $14.802 million in opposition to the Chiefs’ wage cap, with a base wage of $11.25 million.
The contract for Kelce is a four-year extension that was signed in 2020 when he nonetheless had two years remaining on his earlier deal. That made the 2022 season the primary of the extension that’s set to run by means of the 2025 season, with Kelce a possible unrestricted free agent in 2026.
Whereas Kelce had no signing bonus in his authentic deal, his wage and roster bonuses by means of 2020 and 2021 have been assured. In 2021, Kansas Metropolis transformed $5.6 million of his 2021 roster bonus right into a signing bonus. That’s prorated at $1.4 million between 2021 and 2025. Then, in 2022, the Chiefs transformed $4.607 million in wage to a different signing bonus — prorating at $1.152 million between 2022 and 2025.
Kelce’s cap quantity in 2023 is ready to be $14.802 million — the fourth-highest cap quantity on the place. His 2023 cap hit is damaged down as follows:
- Wage: $11.25 million
- Per-Sport Lively Bonus: $750,000
$44,117 per sport (16 LTBE)
- Restructure 1 (Prorated): $1.4 million
- Restructure 1 (Prorated): $1.152 million
- Exercise Bonus: $250,000
- 2023 Cap Quantity: $14.802 million
The dearth of a signing bonus in Kelce’s contract does present the crew with some flexibility. Whereas it appears unlikely they’d look to chop or commerce him, in the event that they have been going to, his lifeless cash numbers are comparatively low. In 2023, Kelce’s lifeless cash could be $7.655 million as a pre-June 1 commerce or launch.
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What appears extra probably is that Kansas Metropolis will as soon as once more restructure Kelce’s deal to maneuver a few of the wage right into a signing bonus. They might doubtlessly cut back his cap quantity for 2023 by round $6.67 million with out including any void years. Nevertheless, if the Chiefs add two void years to the deal, they may take his 2023 cap quantity down by round $8 million.
Kelce’s Web Value
Kelce’s web value is estimated to be round $20-25 million, having spent 10 years within the league. By way of these 10 years, Kelce’s NFL career earnings are $64.782 million. If he performs out the rest of his present contract, Kelce would have earned $107.282 million in his profession.