As the saying goes, the Kansas City Chiefs will have All-Pro running back LeVeon Bell as an one-year leasing– but at an extremely favorable rate.
Fowler stated that the contract also includes an additional $1 million in incentives. In the parlance of NFL contracts, these are not-likely-to-be-earned (NLTBE) rewards, indicating that if Bell meets the criteria to earn them, they will be counted against the 2021 income cap.
Bell could make up to $1.69 million as a Chief in 2020– but his cap hit for this season will be barely more than a second-year gamer earning the league minimum. With Bells cap hit consisted of, the Chiefs now have $5.9 million in cap space.
According to ESPNs Jeremy Fowler, Bell signed a contract that brings an annual base wage of $1 million– simply $90,000 more than the NFL minimum salary of $910,000 for a gamer with Bells time in service. According to Fowlers report, that annual income is being pro-rated based on the number of games remaining in the season, implying that the Chiefs will pay him just $690,000 in 2020 base wage.
Naturally, Bell is still owed cash from his 4-year, $52.5 million agreement with the New York Jets– including an overall of $13 million guaranteed in 2020 and $4 million in 2021. Reports suggest the Jets still owe him $6 countless his 2020 compensation.
Fowler reported that there is an offset provision in Bells Jets contract that would lower the ensured money he gets from the Jets by whatever he makes with a brand-new group– a stipulation typically found in gamer agreements. Others have kept in mind that since the Jets cut Bell, he might declare termination pay, which would mean he could gather money from both the Jets and the Chiefs this season.
