With the Seahawks now in St. Louis and safety Kam Chancellor not with the team, it’s clear that Chancellor will skip Week One. Which means that he’ll lose a game check worth more than $267,000.
But that’s just part of it.
Based on an analysis of the Collective Bargaining Agreement, Chancellor’s contract, and communications with multiple league sources, PFT has calculated the full financial losses incurred through Sunday by Chancellor.
First, he is subject to preseason fines in the amount of $1.11 million, resulting from the standard penalty of $30,000 per day starting with the opening of camp on July 31 and continuing through September 5, the day on which rosters were cut to 53 players.
Second, Chancellor became subject to a 25-percent forfeiture of his $1 million signing bonus allocation for 2015 based on his training-camp holdout. That’s $250,000.
Third, he loses a game check for this week, in the amount of $267,941.17.
Fourth, by skipping Week One, Chancellor becomes subject to another 25-percent forfeiture of his signing bonus allocation for the year. That’s another $250,000.
He’ll continue to lose game checks at the rate of $267,941.17 until he shows up. Also, he’ll be subject to additional signing bonus forfeiture as of Week Five at a rate of $58,823.53 per week.
For now, the total cost of Chancellor’s holdout is $1.87 million. And the Seahawks have shown no inclination to look the other way as to any of these amounts.