Financial Details Of The New Agreement

Harrison Butker Restructures Contract with Kansas City Chiefs

Financial Details of the New Agreement

Ahead of the 2022 NFL season, Harrison Butker restructured his contract with the Kansas City Chiefs. The reworked deal involved converting $21.8 million in base salary into a signing bonus, effectively reducing his base salary for the current season.

The contract base value is now $20.275 million, with $6.49 million guaranteed at signing and a total vesting guarantee of $91 million. Additionally, Butker will receive a signing bonus of $700,000 for the 2022 season.

Potential Cost Savings for Chiefs

The restructuring could potentially save the Chiefs nearly $3 million by cutting Butker. However, the team may opt to retain him due to his consistent performance as a reliable kicker.

Contract Details for 2023 Season

For the 2023 season, Butker's contract includes a base salary of $3.55 million alongside a roster and workout bonus. The total value of his contract for that year is undisclosed.

Conclusion

Harrison Butker's contract restructuring highlights the delicate balance between financial management and the retention of key players for NFL teams. As the Chiefs navigate the upcoming season, the decision to cut or retain Butker will depend on his on-field performance and the team's salary cap situation. The restructure provides the Chiefs with flexibility while ensuring that Butker remains a valuable asset to the organization.