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Saccopoo Memorial Draft Forum>A situation to monitor: Kelce’s contract.
Direckshun 08:20 AM 08-23-2020
So here’s a mild curiosity: Kelce was inked like two weeks ago and his year by year cap hits haven’t been released yet.

That stands in stark contrast to Mahomes and Jones (and virtually everybody else’s contracts. If you go to OverTheCap and Spotrac, neither has the contract updated. I’ve been checking daily, because of course I am.

There was a tweet the day of, by Mike Garofalo I think, that gave us the year cash payouts, but cash payouts on these big deals don’t always match up with the cap hits. The cash payout for this year is the same as his pre-extension cap number, but the cash payout for 2021 is actually 4m higher than the pre-extension cap number.

Obviously, this could very well be nothing. But a conspiracy theory you could embrace is that the cash payouts are far more flattering to the player and/or sensible to the general public than the actual cap hits, which could be ugly. I don’t even know what “ugly” would look like in this scenario, I’m just spitballing because stalling the contract info this long is somewhat unique.
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Superturtle 10:44 AM 08-23-2020
Lol
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DaneMcCloud 11:22 AM 08-23-2020
:-)
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staylor26 05:46 PM 08-23-2020
:-)
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Megatron96 05:49 PM 08-23-2020
[looking up instructions for how to design and construct a good tin foil hat . . .]
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mnchiefsguy 06:17 PM 08-23-2020
WTF?
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Pasta Giant Meatball 08:17 PM 08-24-2020
JFC
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JohnnyHammersticks 09:03 PM 08-24-2020

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CasselGotPeedOn 11:18 AM 08-25-2020
Whore mother
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Wilson8 11:25 AM 08-25-2020
Overthecap.com - six years of Travis Kelce's contract

2020 Cap Number - $11,218,400.00
2021 Cap Number - $13,250,000.00
2022 Cap Number - $7,500,000.00
2023 Cap Number - $13,250,000.00
2024 Cap Number - $15,000,000.00
2025 Cap Number - $17,250,000.00

Also Kelce's contract is set up where 2022 through 2025, Chiefs could release Travis without a Cap hit or any Dead money.

Side note - Spotrac.com still does not have the contract posted yet.

https://overthecap.com/player/travis-kelce/2216/
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Direckshun 12:35 PM 08-25-2020
Originally Posted by Wilson8:
Overthecap.com - six years of Travis Kelce's contract

2020 Cap Number - $11,218,400.00
2021 Cap Number - $13,250,000.00
2022 Cap Number - $7,500,000.00
2023 Cap Number - $13,250,000.00
2024 Cap Number - $15,000,000.00
2025 Cap Number - $17,250,000.00

Also Kelce's contract is set up where 2022 through 2025, Chiefs could release Travis without a Cap hit or any Dead money.

Side note - Spotrac.com still does not have the contract posted yet.

https://overthecap.com/player/travis-kelce/2216/
Rep.

So it almost entirely mirrors the cash paid out, other than this year, but it's almost exactly the same as his cap hit pre-extension:

Travis Kelce cash flow:

'20: $9.25m
'21: $13.25m
'22: $7.5m
'23: $13.25m
'24: $15m
'25: $17.25m

The #Chiefs wanted to keep their core of players together. The Mahomes, Jones and Kelce deals are going to help them do that. https://t.co/Bf3XXhtLSE

— Mike Garafolo (@MikeGarafolo) August 13, 2020


That 2022 cap number is downright criminal. Damn.

It does jack up his 2021 cap hit by $3-4 million, however.

Perhaps that's a signal from the Chiefs that, thanks to their Clark Hunt finance committee chairmanship connection, that the cap won't be as dirt low as some of us had feared.
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Direckshun 12:38 PM 08-25-2020
Originally Posted by Wilson8:
Also Kelce's contract is set up where 2022 through 2025, Chiefs could release Travis without a Cap hit or any Dead money.
Holy shit -- I completely missed this gem.

Why the hell did Travis Kelce agree to this contract? I think this is a terrible deal for Kelce.

He agreed to a below-market-value contract for the first three years in exchange for his annual average to look sexy by tacking on three premium-priced years the Chiefs could very well just release him at zero penalty if they chose to.

Isn't it likely the Chiefs and Kelce return to the negotiating table after the 2022 season to bring his cap hit down while giving him more security?

Of course, maybe the cap will be so absurdly high by then, Kelce's deal will be looking pretty good.
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htismaqe 01:34 PM 08-25-2020
Originally Posted by Direckshun:
Holy shit -- I completely missed this gem.

Why the hell did Travis Kelce agree to this contract? I think this is a terrible deal for Kelce.

He agreed to a below-market-value contract for the first three years in exchange for his annual average to look sexy by tacking on three premium-priced years the Chiefs could very well just release him at zero penalty if they chose to.

Isn't it likely the Chiefs and Kelce return to the negotiating table after the 2022 season to bring his cap hit down while giving him more security?

Of course, maybe the cap will be so absurdly high by then, Kelce's deal will be looking pretty good.
Isn't it possible that he just wants cash that late in his career and set himself up to be a candidate for a cap-to-cash conversion while not having to test the open market? Lord knows he's not hurting for money and this would allow him some instant gratification that benefits the team and allows him to accumulate more rings. Maybe he's "thinking about Canton"?
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Chargem 03:35 PM 08-25-2020
I'm glad we were monitoring this situation.
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Tribal Warfare 04:07 PM 08-25-2020

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