Charles deal is worth $28 million over four years

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Chiefs running back Jamaal Charles was planning to hold out from training camp unless he wasn’t.  In the end, it didn’t matter; Charles signed a new contract that will pay him, per a league source, $28 million over four years.

“Jamaal is an elite player in the National Football League,” Chiefs General Manager John Dorsey said in announcing the deal. “It was important for us to keep him here in Kansas City long-term.”

Multiple reports have characterized Charles as moving to No. 2 on the running back compensation list, behind only Vikings running back Adrian Peterson.  The truth, according to one source, is that Charles has finagled the second highest new-money average, with the two extra years adding another $18.1 million to the existing two-year deal.

That’s a new-money average of $9.05 million.

That 0.05 become critical to the analysis and was hardly a coincidence, given that Eagles running back LeSean McCoy averages $9 million per year on a five-year, $45 million deal.  Likewise, Panthers running back DeAngelo Williams received $27 million over three years under a five-year, $43 million contract he signed in 2011.

Without knowing the money fully guaranteed at signing — because it hasn’t been leaked yet it’s likely not near the top of any league-wide lists — it’s impossible to know how much Charles actually will get.  His 2014 pay moves from $3.9 million to $8.3 million, a raise of $4.4 million.  Instead of making $6 million in 2015, he’ll make $6.7 million.

That’s $15 million over two.  Over three, it’s $21 million.  Play all four and he gets $28 million.

The full structure of the deal will shed more light on how much more money Charles actually is getting, beyond his $4.4 million raise for 2014.  But he’s not currently the second highest-paid running back in the NFL, not with an annual average on his full contract of $7 million.

36 responses to “Charles deal is worth $28 million over four years

  1. In an NFL contract, the only real money is guaranteed money. And I don’t mean “guaranteed in case of injury”. I mean guaranteed, period.

    The rest is just part of the NFL PR scam that is perpetuated over and over and over again.

  2. Chiefs have had a steady stream of magnificent running backs over the years and agree JC is elite.

    But the last running back to win SB MVP was Terrell Davis 15 years ago, so it seems as though it’s really a QB/WR or defense driven league until proven otherwise.

  3. Now I have to be a certified public account, lawyer and statistician in order to be a *true* NFL fan. Good for Charles, but I can`t wait for real football. This off-season, with all of it`s salary cap mumbo jumbo that nobody really understands, along with progressively more complicated salary structures, has been the longest I can remember.

    I want real football games right now.

  4. Whatever it comes out to be, Chiefs fans are just glad that he is going to be in KC for the foreseeable future. Charles is about to break Priest Holmes’ record for KC rushing yards. With Charles having really only played 3 1/2 years out of 6, he still has a lot of yards left in him.

  5. Well, unless our defense improves dramatically I’ll look forward to booing him in the black hole, after he scores.

    4 more years of this guy….

  6. A class act and worth every penny. This shows the confidence the Chiefs have in Charles. He has proven his worth and isn’t done yet.

  7. I was actually expecting him to get more than an average of $7.

    I dont want to hear that its $9 because its new money…he is getting 6.7 this year, and 8.3 next year.

    Then he turns 31. So in all likelihood, he wont see the 3rd or 4th year.

    Im glad he got more though. He is definitely elite, and a top 5 back in the NFL. As much as Reid called his number last year, and as much offense as he accounted for (31% I think?) I do believe he is worth every penny of that contract. I guess its good that everyone involved in the situation is happy, because they need free cash to keep Alex Smith. And he is a guy KC shouldnt let walk.

  8. Regardless of where he falls on the list, getting an extra 4.4 million for this year alone is a victory. May not be a ton of money in NFL terms, but it is in real life.

  9. I’m still laughing at the contracts given to deangelo Williams and jonathan stewart.

    Well done Carolina.

  10. I gotta say it seems like a fair deal but at the same time I’m really glad the Patriots don’t dish out this kind of money to running backs. They just seem so complimentary in today’s NFL (w/ the exception of AP)

    In that same vein, man I’m glad I’m not a running back. They may take the most punishment on the field and yet their shelf life is small and their window to earn minimal.

  11. As a Chargers fan, I congratulate Charles for getting paid while the iron was hot, instead of playing the “nice guy” card which invariably results in being cut or injured before your next big pay day can come to fruition.

    Teams don’t care about their players’ well-being or fair compensation, so why should players be concerned about a team’s bankroll or cap space?

    Lastly, wise move by the Chiefs to act so swiftly. Now Charles won’t miss any training time.

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