Harrison Butker Signs 5-Year Contract with Kansas City Chiefs
Contract Details
Ahead of the 2022 NFL season, Harrison Butker restructured his contract, converting $21.8 million in base salary into a signing bonus. The contract has a base value of $20.275 million, with $6.49 million guaranteed at signing and a total vesting guarantee of $9.1 million. Butker is earning $4.18 million this season, with $700,000 paid out as a signing bonus.
Implications for Kansas City
By restructuring Butker's contract, the Chiefs could save nearly $3 million by cutting him. However, the team has elected to keep Butker on the roster, indicating their confidence in his ability as their placekicker.
Contract Highlights
Butker signed a five-year, $20.275 million contract with the Chiefs, including a $3.5 million signing bonus, $9.1 million guaranteed, and a roster and workout bonus. For the 2023 season, the contract earns Butker a base salary of $3.55 million.
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