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Chiefs Wage Cap: 2024 hit for Mike Danna a bit greater than we thought

April 13, 2024
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When the Kansas Metropolis Chiefs re-signed free agent defensive finish Michael Danna to a brand new three-year contract final Friday, we solely knew the broad strokes of the deal: it was reportedly value a complete of $24 million, with $13 million of that assured. On Friday, the salary-cap web site OverTheCap printed contract particulars it obtained from its personal sources — and people authentic figures have been right.

We had estimated that Danna’s 2024 cap hit would fall between $3.1 million and $5.1 million — and would in all probability land someplace round $4 million. In response to OTC, this season’s cap hit falls on the excessive aspect of that vary. It’s $4.67 million in 2024, rising to $8.17 million in 2025 and $11.17 million in 2026.

Danna is being paid a $6.5 million signing bonus, which accounts for $2.17 million of those yearly cap hits. He’ll be paid a base wage of $2.25 million this season, rising to $5.24 million in 2025 and $8.24 million in 2026. All of his 2024 wage (and $4.25 million of his 2025 wage) was assured at signing.

In every season, he can earn a exercise bonus of $250,000 — and within the closing two years, he can earn a per-game roster bonus of $30,000, which is able to rely for $510,000 in opposition to the cap in every of these seasons.

This implies he’ll be paid a most of $9 million within the first season of the deal, $6 million within the second and $9 million within the third. The Chiefs anticipate him to stay on their roster by 2025, since he may have $8.6 million in lifeless cash in opposition to a cap hit of $8.2 million — however after that, he could possibly be launched with simply $2.2 million left on the cap for 2026.

Together with all identified transactions — and with 74 gamers underneath contract — we now estimate that Kansas Metropolis has $19.9 million in cap house.



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