Jackson was scheduled to make over $8 million in 2012; he’ll now receive $4.25 million in base salary, with $4 million guaranteed. Jackson also carries a $14.72 million salary ($3.2 million guaranteed) in 2013, but it’s highly improbable he would receive that money since he would carry a $17.5 million cap figure. The Chiefs have sufficient salary-cap space and could handle that huge 2013 number if Jackson plays at a level worthy of it, but it’s likely his deal either would be restructured again, or he would be let go.
If Jackson continues to develop and produce, the Chiefs would be well positioned to do a long-term deal with him, and sources said the team is impressed with his character and maturity — as evident by his handling of this new contract — as well as his on-field growth. On Jackson’s end, he loves the scheme in Kansas City and wanted to stay.