Jordy Nelson Contract Overview
Jordy Nelson is an NFL tight end for the Kansas City Chiefs. His most recent contract extension was signed on March 13, 2019, reported by ESPN and NFL.com. The deal is a 3-year extension worth up to $54 million, with $39 million guaranteed. The signing bonus was $15 million. The contract runs through the 2021 season. The average annual salary is $18 million, making him one of the highest-paid tight ends in the league. The cap hit for the 2020 season is $18.5 million, and for 2021 it is $18.5 million. The dead cap hit if released in 2020 is $19 million. The contract structure includes a large guaranteed base, with the rest tied to incentives and roster bonuses. ESPN reported the full terms of the extension.
The base salary for Nelson in 2020 is $15 million, with a $3 million roster bonus. The 2021 base salary is $16 million, with a $4 million roster bonus. The 2022 base salary is $17 million, with a $5 million roster bonus. The contract includes no offset language. The cap percentage for the Chiefs in 2020 is approximately 13.5% of the salary cap. The cap percentage for 2021 is projected at 13.2%. The cap percentage for 2022 is projected at 12.8%. The contract is structured to backload the base salary, with the largest guarantees in the first year. The guaranteed money is fully guaranteed for injury. The contract includes a no-trade clause, giving Nelson full control over any trade scenario. OverTheCap provides a detailed salary cap table for Jordy Nelson.
Jordy Nelson Cap Hit and Dead Money
The cap hit for Nelson in 2020 is $18.5 million. The cap hit for 2021 is $18.5 million. The cap hit for 2022 is $17 million. The dead cap hit if the Chiefs release him before the 2021 season is $19 million. The dead cap hit if released after the first week of the 2021 season is $18.5 million. The dead cap hit if released after the 2021 season is $17 million. The cap savings if released in 2020 is $0, as the dead money exceeds the remaining cap hit. The cap savings if released in 2021 is $1.5 million. The cap savings if released in 2022 is $0. The contract does not include a player option. The contract does not include a franchise tag designation. The contract does not include a restructure clause. Spotrac provides the full cap table and dead money projections.
The guaranteed money in the contract is $39 million. The signing bonus is $15 million. The roster bonuses are $3 million in 2020, $4 million in 2021, and $5 million in 2022. The incentives are all unlikely to be earned, with a maximum of $5 million in 2021 and $5 million in 2022. The cap