The number of deals coming in right now in the NFL are enormous with mouthwatering figures. And in the coming days, we can expect more contract extensions worth huge chunks of money from teams in the NFL as they try to sign new players or even persuade their existing players to stay put in their respective clubs.
On Thursday, we witnessed the San Francisco 49ers give a 5-year extension worth $75 million to George Kittle. According to the NFL Network, this deal comes with a $30 million guaranteed at signing. It could amount to more because of $40 million guaranteed for injury, and a further $18 million through signing bonus.
Just a few hours later, the Kansas City Chiefs also stated that they would be offering TE Travis Kelce a 4-year contract extension worth $57 million. The player has agreed to all terms, according to Ian Rapoport of the NFL Network Insider.
The deal is worth around $14-$15 million per year, and the chiefs are expecting to keep Kelce for the next six seasons.
Kelce, who will be turning 31 this October, had only about two years left on his contract with salary figures set at $11.2 million and $9 million in 2020 and 2021, respectively. As the player goes past the 30-years old margin, he will be expecting to earn several million dollars per year following this new extension deal.
In 2016, Kelce had signed a five-year extension deal that was averaging about $9.53 million per year, with a total of $46 million, with about $20 million guaranteed. That time contract extension was supposed to run through 2021. But to make Kelce feel his worth as a tight end, the Chiefs have decided to extend his contract to another four years with extra millions of dollars on top.
If we were to compare the two massive contracts of the day between Kelce of the Chiefs and Kittle of the 49ers, we could say that Kelce got a very lucrative deal considering he is five years older. The only difference is the amount of money each player will be on per year.
49ers Kittle will be taking home about $15 million per year for five years, while Kelce is on about $14.25 million per year for four years in new money average.
Despite the coronavirus pandemic, the Chiefs are very keen on locking down key players after signing Chris Jones and Patrick Mahomes to massive long-term extensions.
Reports suggest that the Chiefs gave Kelce a worth deal as they want him to continue playing with Mahomes as a pass-catching tight end with the skills and abilities to box out corners and safeties, as well as, outrun linebackers. Kelce has generated 15 TDs, and 2,565 receiving yards as wide receiver numbers in two years with Mahomes.
Travis Kelce is at par with the rest of the elite tight end’s price margin following the new contract extension that runs until he is 35 years old. So, we can expect him to continue catching passes from Patrick Mahomes until he hangs his boots.
Rachel Lott is a Reporter for Chroniclex After graduating from Cuyahoga Community College, Rachel got an internship at USA Evening and worked as a Reporter and Producer. Rachel has also worked as a Reporter for WKYC TV and Fox News Channel. Rachel Covers International Developments.