Sammy Watkins signing and cap update for the Chiefs.
Before today, the Kansas City Chiefs had less than $200 to spend in free agency, but after a move to restructure Sammy Watkins the Chiefs have enough room to function legally…or do they?
According to OTC, the Chiefs currently have nearly $3.5 million to spend for this season but that isn’t the full story. See, after you sign free agents you still have to pay your draft picks.
So, unless the Chiefs are planning to make some big trades their projected cap hit from the draft class is $5.2 million. Clearly that means that the Chiefs have to do more before they can truly start the 2020 NFL season.
Does that mean that the Chiefs MUST trade Chris Jones? No, obviously not because technically he could sign his franchise tag and then instantly restructure a deal with the Chiefs so that his cap his is less than it would have been under the tag.
To do that the Chiefs would likely push a lot of his cap hit down the road into 2021, but is that enough?
Even if they could manage to figure something out where Jones would take less than (or equal to) $15 million this season, that isn’t the only deal that the Chiefs will make this offseason.
In fact, you could argue that the Chiefs could trade Chris Jones and STILL not have enough cap room to start the season legally. Why? Well because they have a star QB.