The Kansas City Chiefs have signed former Tampa Bay Buccaneers S Mike Edwards on a one-year contract. It was originally reported as a one-year deal worth up to $5 million, but at face value, it’s really a one-year deal worth right around $3 million.
According to the folks at Over The Cap, the 27-year-old Edwards will have a $1.08 million base salary in 2023, which is fully guaranteed. There is also a $1.4 million prorated bonus. The deal has $500K in per-game roster bonus. There’s also a $20K workout bonus attached to the offseason program. That’ll bring the 2023 salary cap number for Edwards to a grand total of $2,882,353 million.
That cap hit comes in at No. 13 for Kansas City this season, which puts him right in between 2020 NFL draft picks, CB L’Jarius Sneed and DE Mike Danna. It’s hardly a bad deal for a player with as much ball production as Edwards has during the course of his career.
There are no specific details on the incentives that could help raise the total value of the contract up to $5 million. However, these are likely not likely to be earned (NLTBE), which means they’ll count against the 2024 salary cap as opposed to 2023.
