KANSAS CITY, Mo. (AP) — The Chiefs and wide receiver Sammy Watkins have agreed on a restructured one-year contract that gives the franchise much-needed salary cap relief, a person familiar with the deal told The Associated Press on Friday.
The person, speaking on condition of anonymity because the Chiefs do not disclose contract details, said Watkins will make $9 million in base salary but that incentives could drive the total package to $16 million. More important for the club, the deal will give the Chiefs about $5 million in salary cap savings ahead of the NFL draft.
Yahoo Sports was first to report the agreement between the Chiefs and Watkins.
Watkins was headed into the final year of a $48 million, three-year contract, and he was scheduled to make $13.7 million in base salary and count a prohibitive $21 million against the cap. That made him an immediate candidate to either restructure his contract or be released, and the Chiefs were able to make the numbers work to keep him in the fold.