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Originally Posted by KChiefs1
Agreed. How about 4/$70?
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Let’s chat about the probable contract he’s wanting that reporters have used as a reason the Chiefs possibly backed off.
The last truly elite corners that signed big deals while in their prime we’re Patrick Peterson and Josh Norman.
PP signed his last deal (an extension) in 2014 for 5 years for 70 million when the salary cap was 133m. That’s an average of 14m per. That’s 10.52% of cap.
Josh Norman signed a deal for 5 years, 75m in 2016 when the cap was 155m. That’s 9.6% of the cap. 36% of the deal was fully guaranteed.
Jalen is arguably a better player than those guys...at least the equivalent, IMO and deserves to not only be the highest paid corner, but the highest paid corner in % to the cap.
If we were to trade for him, the deal that would make the most sense to both sides would be a 3 year EXTENSION for 10.6% of the current salary cap. That would lock up Ramsey till 2023.
That means his fair value is 19.68m per year x 3.
59.05 for 3 years. 36% of that is roughly 22m which I would expect to be a signing bonus that would be split between the 4 years at 5.5m per in dead money.
I’m sure there would be verbiage in the deal protecting the team in case his head explodes.
For the 12 games remaining, he would have cap impact of 3.2m this season if he plays 12 games for us.
Next years cap hit (for 5th year option) would be 13,703,000 plus the prorated portion of the bonus which would be approximately another 5.5m which would put his 2020 cap number at 19.2m.
The Chiefs currently have 23m in cap space. Minus the 3.2, we would likely rollover close to 20m...which just so happens to be almost exactly Ramsey’s cap hit for next year.
One has to think that these are the EXACT numbers (or very close) to what Veach is deciding on.
Interesting that we re-structured deals to clear that much space almost to the dollar.