The Kansas City Chiefs have restructured the contract of wide receiver Sammy Watkins, news that was first reported by Terez Paylor of Yahoo Sports.
Perez notes that the Chiefs will now pay Watkins a base salary of $9 million in 2020. However, the deal includes an incentive package that could result in Watkins making up to $16 million.
This creates $5 million in cap space for Kansas City.
Adam Schefter of ESPN adds that Watkins had one year and $14 million remaining on his contract. It was a non-guaranteed deal. He also says that the wide out’s restructured deal includes a no-trade clause.
The Chiefs were down to $171 in cap space before working things out with Watkins.
Watkins has spent the last couple of seasons in Kansas City. He is coming off of a 2019 campaign in which he played 14 regular season games and caught 52 passes for 673 yards and three touchdowns.
The 27-year-old then stepped up his performance in a big way in the playoffs. He logged 14 catches for 288 yards and a score in helping the Chiefs win a Super Bowl. He finished with five grabs for 98 yards in the Super Bowl.
Watkins was originally selected by the Buffalo Bills with the fourth overall pick of the 2014 NFL Draft. He played his collegiate football at Clemson.
Watkins spent his first three seasons with the Bills and had a pair of strong seasons in 2014 and 2015 before injuries slowed him down in his third year. Then, during the summer of 2017, Watkins was traded to the Los Angeles Rams, where he resided for all of one season before joining the Chiefs in 2018.