Harrison Butker's Contract Restructure Ahead of the 2022 NFL Season
Contract Details
Original Contract
Before the commencement of the 2022 NFL season, Harrison Butker underwent a contract restructuring. The modification entailed converting $21.8 million in base salary into a signing bonus. This resulted in a revised contract with a base value of $20,275,000, with $6,490,000 guaranteed at signing and an overall vesting guarantee of $9,100,000.
2022 Earnings and Savings
During the 2022 season, Butker is set to earn a total of $4,180,000, of which $700,000 will be distributed as a signing bonus. Notably, the Kansas City Chiefs have the option to save approximately $3 million by releasing Butker from the team.
Long-Term Contract Structure
Butker's contract is a five-year agreement worth $20,275,000, with a signing bonus of $3,500,000, $9,100,000 guaranteed, and an annual average salary of $4,055,000.
2023 Salary Details
For the upcoming 2023 season, Butker's contract stipulates a base salary of $3,550,000, supplemented by roster and workout bonuses.
Comments