The Chiefs have reached an agreement with Sammy Watkins on a new 1-year deal that will pay him a base of $9m for 2020 with an incentive package that can reach $16m, a source tells me.
The move creates $5m in cap space for the Chiefs to operate this offseason.
Originally Posted by BigChiefFan:
This shows Sammy is a team player. I’m stoked he revamped his contract to help the team and stay put another year. This is a win-win.
I mean....wasnt his option either restructuring or getting cut? We were never going to bring him back at the contract he already had, so it was either this or nothing.
Not sure how that's an example of being a team player. [Reply]
Because of how odd this offseason is bound to be the Chiefs are standing pat and trying to retain that team for another year, it's not a bad strategy. [Reply]
With the way this offseason is going to go; no OTAs potentially a shortened training camp who knows really), keeping the majority of the team together is a big win for this season. Sammy sees some continuity and we don't have to get another receiver up to snuff.
That was some nice news to wake up to this morning [Reply]
Originally Posted by rabblerouser:
It's impossible for a base salary $9m to count for $16m against the cap.
The deal is in 2018 Sammy signed a contract that included a 21 million dollar signing bonus. That signing bonus for cap purposes is spread out over the 3 years of the contract so 7 million each year. The 7 million prorated for 2020 does not go away with the current restructure. For cap purposes it is added to the 9 in base salary. Prior to this he was scheduled to be a 21 million cap hit (14 base + 7 prorated signing bonus) [Reply]
Originally Posted by dls6501:
I mean....wasnt his option either restructuring or getting cut? We were never going to bring him back at the contract he already had, so it was either this or nothing.
Not sure how that's an example of being a team player.
I think the writing was on the wall, He wasn't going to make out on the open market. That market is a little dry. [Reply]