$26.8 million fully guaranteed at signing for Tyrann Mathieu

Getty Images

After new Chiefs safety Tyrann Mathieu signed a reported three-year, $42 million contract, some were skeptical regarding the value of the deal because more details hadn’t emerged. The details have now emerged, and it’s an impressive deal.

Per a source with knowledge of the contract, Mathieu will receive $26.8 million fully guaranteed, in exchange only for a commitment of three seasons. Here’s the breakdown of the deal:

1. Signing bonus: $14.8 million.

2. 2019 salary: $850,000, fully guaranteed.

3. 2020 salary: $11.15 million, fully guaranteed.

4. 2021 salary: $14.55 million, fully guaranteed.

That’s it. Simple, straightforward. No frills, no complex terms. A $14 million annual average, and a chance to get back to the market in only three years, when Mathieu will still be under the age of 30.

21 responses to “$26.8 million fully guaranteed at signing for Tyrann Mathieu

  1. Amazing how the accounting for all these deals is counted. Get over 14 million the 1st year but less than 1 million counts on the cap. No wonder deals keep getting bigger and bigger. The “capologist” on any NFL team is one of the most important employees … period!

  2. Nice.
    As a Cards fan, I’m still pissed that we let him go. I’m afraid Steve Keim was more involved in keeping the mini-bar stocked rather than the team’s secondary.
    Result = Downgrade.

  3. His cap hit isn’t just 1 million. Signing bonus are prorated over the life of the contract. This is done so that the player still gets a lot up front but the cap hit is spread over the 3years. He should count 5.5-6million this year. The next 2 will be significantly more.

  4. 10feet higher: Agreed. However, my point is the 1st year salary cost total is a heck of a lot less than 14 million overall. Again, capology is a huge deal and if you don’t have a good one, you’re screwed.

  5. I am confused.. it says 26.8 guaranteed in the headline.. but then the article says, the whole contract is guaranteed at 41.35

    $26.8 million fully guaranteed at signing

    1. Signing bonus: $14.8 million.

    2. 2019 salary: $850,000, fully guaranteed.

    3. 2020 salary: $11.15 million, fully guaranteed.

    4. 2021 salary: $14.55 million, fully guaranteed.

  6. If all 3 years are guaranteed plus a signing bonus (also guaranteed) then why is only 26.8 million the guarantee? Isn’t all 42 million guaranteed?

  7. No, it’s a 3 year deal, fully guaranteed. The first fully guaranteed year is in the form of a signing bonus, with the cap hit spread out over the final 2 years. It seems like a good idea but that’s how teams get into cap trouble, very quickly. His second year pay is less than the third so that the cap hit will be like 17 million next year. The final year will be like 20million, but they structure it this way so that when and if they resign him again that last fully 20 million guaranteed against the cap can again be turned into a signing bonus and prorated over the life of the new contract. Very dangerous game they’re playing.

  8. weeisux says:
    March 21, 2019 at 9:24 am
    If all 3 years are guaranteed plus a signing bonus (also guaranteed) then why is only 26.8 million the guarantee? Isn’t all 42 million guaranteed?

    I was thinking the same. I guess there’s a typo in the 3rd year, and only the first two are fully guaranteed (plus bonus ofc). Be that as it may, it’s a heck of a contract.

  9. Looking at 2020 with Mathieu at about $17 million, Watkins at about $20 million, Mahomes probably pushing $40 million and Tyrek at $20 million (if he is still in football) that is almost $100 million for 4 players. Also they will need to decide if they are going to keep Kelce and extend his contract or try tagging him for a year or two starting in 2021. I guess we now know why they didn’t keep Dee Ford at another $17 to $20 million a year. 2019 is really KC’s last shot before they have to pay Mahomes.

  10. It’s definitely a win now contract with a light cap hit in 2019. The last 2 years are a huge cap burger but you know they will look to

  11. 29 at the end of the contract so there is a good chance the 3rd year is renegotiated and that cap hit is spread over more years.

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!