Travis Kelce Signs Record-Breaking $34.25 Million ContractExtensionwith Kansas City Chiefs

Travis Kelce signs 2-year, $34.25 million contract extension with Kansas City Chiefs, becoming highest-paid tight end in NFL history. The deal includes $17.125 million average annual salary and sets new benchmark for future tight end contracts.

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Travis Kelce Signs Record-Breaking $34.25 Million ContractExtensionwith Kansas City Chiefs

Travis Kelce Signs Record-Breaking $34.25 Million ContractExtensionwith Kansas City Chiefs

Travis Kelce, the star tight end for the Kansas City Chiefs, has signed a groundbreaking 2-year contract extension worth $34.25 million, solidifying his position being the highest-paid tight end in NFL history. Thevideo, which averages an impressive $17.125 million per year, was reworked by the Chiefs to ensure Kelce's satisfaction without the need for a leverage play on his part.

Kelce expressed his appreciation to the Chiefs organization and his agents on the New Heights podcast, stating, "I can't thank Kansas City enough, my agents for knocking on the door to see if anything's available, knowing that I'm not a guy that sits out. I'm not a guy that holds out. I'm a guy that loves coming into the building, and the Chiefs know that. "He also emphasized his commitment to the team, adding,"For them to want to be able to get this done for me, knowing how much blood, sweat and tears I put into this thing for them, I'm extremely grateful and extremely thankful for everybody involved. I love Kansas City for it."

According to contract details published by OverTheCap, a salary-cap site, Kelce's base salary in 2024 will be reduced to $5.75 million, but he will receive an $11 million roster bonus, bringing his total compensation to $17 million, which is fully guaranteed. In 2025, Kelce's deal includes a $12.5 million roster bonus and a base salary of $4.5 million, totaling $17.25 million, but none of which is currently guaranteed. However, Sports Illustrated's Albert Breer reports that "most" of the $17.25 million will become guaranteed in March 2025.

The contract extension gives Kelce a $4.1 million raise for the 2024 season, pushing his cap hit to $19.6 million. The deal allows for flexibility after 2024, as Kelce's 2025 compensation is not currently guaranteed, and the Chiefs would only be left with $2.6 million in dead money if Kelce retires or the team decides to move on from him before the 2025 league year begins. If Kelce returns in 2025, he will be guaranteed to earn at least $12.5 million, and both sides will be free of any obligation in 2026.

Kelce's performance on the field has been nothing short of remarkable. Last season, he recorded 93 receptions for 984 yards and five touchdowns. In the playoffs, he was a key contributor to the Chiefs' second consecutive Super Bowl win, with 32 receptions for 355 yards and three touchdowns over four games. A nine-time Pro Bowler and four-time All-Pro, Kelce has posted 1,000-plus receiving yards in seven of his 11 seasons in the NFL.

Off the field, Kelce's high-profile romantic relationship with pop music superstar Taylor Swift went public in September 2023. Despite Kelce's impressive new contract, his earnings pale in comparison to Swift's net worth of $1.1 billion. Nevertheless, Kelce's contract extension solidifies his position as one of the top tight ends in the league and sets a new benchmark for future tight end contracts.

The Kansas City Chiefs have made several other notable transactions this offseason, including re-signing defensive tackle Chris Jones to a five-year deal with $95 million guaranteed and defensive end Mike Danna. They also traded cornerback L'Jarius Sneed to the Tennessee Titans, who signed a four-year, $76.4 million deal with the AFC rivals. With Kelce's extension, the Chiefs now have an estimated $15.2 million in cap space with 81 players under contract, positioning them well for the upcoming season as they aim to defend their Super Bowl title.

Key Takeaways

  • Travis Kelce signs 2-year, $34.25M contract extension with Kansas City Chiefs.
  • Kelce becomes highest-paid tight end in NFL history, averaging $17.125M/year.
  • Deal includes $11M roster bonus in 2024 and $12.5M roster bonus in 2025.
  • Kelce's contract allows for flexibility after 2024, with no guaranteed money in 2025.
  • Chiefs now have $15.2M in cap space with 81 players under contract for the upcoming season.