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.