Report: Tyson Jackson Restructures Contract, Staying With Chiefs *Update

Tyson Jackson is staying with the Kansas City Chiefs for the 2013.

At least, that is what Bill Williamson of ESPN.com is saying.

Jackson was going to be a cap ht of $17 million for the Chiefs this year after redoing his contract in 2012. It looks as though if Williamson’s report is correct, Jackson has done the same this season.

The Chiefs were almost sure to release Jackson without a restructuring. Now that the team is bringing back Dwayne Bowe, Branden Albert and Dustin Colquitt, there is no way the team could have been able to afford Jackson.

And frankly, Jackson isn’t worth that kind of money.

But “Tim Man” as we call him around here, certainly isn’t a terrible player. He managed to get to the QB a couple of times last season and was pretty good against the run in 2011.

This was a pretty smart move for Jackson. He hasn’t played well enough to get a big contract on the open market so the Chiefs likely are offering him a fair deal with the potential to earn more later.

We don’t know the details yet but it is possible the Chiefs split some of the money up and pushed Jackson’s contract through 2014.

Then again, it could just be a total restructuring on a one-year deal.

This is a big deal for the Chiefs because now they don’t have to fill both DE sports. It is believed that KC’s other starting DE, Glenn Dorsey, will be allowed to become a free agent.

Then again, I wouldn’t rule out this new regime finding a way to re-sign Dorsey as well.

Are you happy Tin Man is coming back?

UPDATE:

Per Williamson:

"The No. 3 pick of the 2009 draft was expected to be a prime candidate to be cut. His salary cap number was at more than $17 million and his base salary was at more than $14 million. Under this new deal, Jackson can make up to $5.2 million with a much more manageable salary-cap number. Jackson is still eligible to be a free agent in 2014. The Chiefs needed the salary cap relief after signing receiver Dwayne Bowe and punter Dustin Colquitt to a significant contracts Monday. The team also gave left tackle Branden Albert the franchise tag at more than $9.7 million and it is adding quarterback Alex Smith. So, the Chiefs have received major cap relief and they get to keep Jackson."