Chiefs DJ and Sherman take a pay cut

Sure-Oz · 03-17-2017, 07:24 AM

@FieldYates: Source: Chiefs LB Derrick Johnson has taken a pay cut for 2017. He got a $1M signing bonus & $1M base salary, creating ~$4.25M in cap space.

http://www.espn.com/espn/now?nowId=2...130853782707-4

The full story on LB Derrick Johnson & FB Anthony Sherman's reworked contracts: The Chiefs - who were tight to the salary cap - have agreed to a major pay cut with linebacker Derrick Johnson, per league source. Johnson, who tore his Achilles last year, was due a base salary $4.75M for 2017 and up to $1M in per game roster bonuses. Under his new terms, he signed a deal with a $1M signing bonus and a $1M fully guaranteed base salary. It creates about $4.25M in cap space for the Chiefs and keeps a key leader around. The 2018 portion of his contract remains unchanged, other than the $500k proration of the new signing bonus. The Chiefs also negotiated a pay cut with FB Anthony Sherman, whose base salary was dropped from $1.55M to $1.1M (fully guaranteed). He had per-game roster bonuses of $12,500 that were dropped to $6,250, which created a total of $550,000 in cap space for Kansas City. These moves likely helped facilitate the recent signing of DT Bennie Logan.

[http://a]Field Yates, ESPN Insider

03-17-2017, 07:24 AM	Topic Starter
Sure-Oz Stay positive, don't give up Join Date: Dec 2001 Casino cash: $1809383	DJ and Sherman take a pay cut @FieldYates: Source: Chiefs LB Derrick Johnson has taken a pay cut for 2017. He got a $1M signing bonus & $1M base salary, creating ~$4.25M in cap space. http://www.espn.com/espn/now?nowId=2...130853782707-4 The full story on LB Derrick Johnson & FB Anthony Sherman's reworked contracts: The Chiefs - who were tight to the salary cap - have agreed to a major pay cut with linebacker Derrick Johnson, per league source. Johnson, who tore his Achilles last year, was due a base salary $4.75M for 2017 and up to $1M in per game roster bonuses. Under his new terms, he signed a deal with a $1M signing bonus and a $1M fully guaranteed base salary. It creates about $4.25M in cap space for the Chiefs and keeps a key leader around. The 2018 portion of his contract remains unchanged, other than the $500k proration of the new signing bonus. The Chiefs also negotiated a pay cut with FB Anthony Sherman, whose base salary was dropped from $1.55M to $1.1M (fully guaranteed). He had per-game roster bonuses of $12,500 that were dropped to $6,250, which created a total of $550,000 in cap space for Kansas City. These moves likely helped facilitate the recent signing of DT Bennie Logan. [http://a]Field Yates, ESPN Insider
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