According to Macs Football Blog, the Kansas City Chiefs and DE Tyson Jackson have agreed to restructure Jackson’s deal.
Under the restructure, Jackson’s base salary this season has gone from $8.05 million to $4.25 million, with $4 million fully guaranteed (skill, injury, cap). Jackson’s $250,000 workout bonus remains and he is eligible to earn a $500,000 playing-time incentive.
In terms of the salary cap, the 2014 season of Jackson’s contract has been deleted, accelerating the $2.5 million in option bonus from that season onto this year’s cap. Despite that, Jackson’s cap number has been reduced from $10.755 million to $9.5 million, a savings of $1.255 million for the 2012 season.
Jackson’s 2013 base salary remains at $14.72 million, $3.22 million of which is guaranteed for injury and cap.
Very interesting move. The Chiefs were still about $18 million under the cap heading into the draft so there was no real reason for them to engage in any cost cutting. What they have done, however, has shortened the length of Jackson’s contract. With this move, there is no longer an option for 2014, meaning both Jackson and Glenn Dorsey will be in the final years of their contracts in 2013.
Jackson is still due a ludicrous $14.72 million next season. I say ludicrous because there is absolutely no way Jackson is worth that much money. Yet. He played only 57 percent of KC’s snaps last season and that simply isn’t enough. He has gone on the record as saying he wants to become a three-down player in 2012. If he wants to see that entire $14 million next season he is going to have to. As noted above, only $3.22 million of his 2013 salary is guaranteed.
Given the way this all shakes out, it seems that 2012 could very well be Jackson’s last year in Kansas City. Despite the fact that the Chiefs have the cap space, it is hard to see them paying Jackson $14 million.
Keep an eye on the defensive ends in this year’s draft.
(h/t Arrowhead Pride)