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As it has done for many players, Kansas City signed the veteran wideout to a veteran salary benefit contract.
When we learned that the Kansas City Chiefs had re-signed wide receiver Mecole Hardman, it was only reported that he had signed a one-year contract; no other information came to light.
But now, the salary-cap site OverThe Cap indicates that Hardman was signed to a non-guaranteed veteran salary benefit (VSB) deal that pays him the league minimum for his five credited seasons ($1,125,000), but carries a cap hit of just $985,000. That’s the same as a player with only two credited seasons.
Under Kansas City general manager Brett Veach, using VSB contracts for veteran players has become standard operating procedure. Hardman is the eighth Chiefs player to be signed to a VSB deal for 2024.
The others are defensive ends Isiah Buggs and Matt Dickerson, defensive tackle Mike Pennel, tight end Irv Smith Jr., safety Deon Bush and long snapper James Winchester.
Defensive tackle Tershawn Wharton has been signed to the “Four-Year Player Qualifying Contract” version of a VSB contract. In this variant — available only to players who have been with the club for the previous four seasons — the team can pay the player up to $1,450,000 more than their minimum salary with no additional cap impact.
Players with VSB contracts (which may only last for one season) may also be paid roster or signing bonuses. These are added to the lowered cap hit. In 2024, they may total no more than $167,500 for each player.
Hardman, Dickerson, Pennel and Bush were not paid any bonuses for 2024. Each carries the lowest possible VSB cap hit for the coming season.
https://www.arrowheadpride.com/2024/6/10/24175268/chiefs-salary-cap-mecole-hardman-carrying-lowest-possible-2024-cap-hit?utm_source=dlvr.it&utm_medium=blogger
As it has done for many players, Kansas City signed the veteran wideout to a veteran salary benefit contract.
When we learned that the Kansas City Chiefs had re-signed wide receiver Mecole Hardman, it was only reported that he had signed a one-year contract; no other information came to light.
But now, the salary-cap site OverThe Cap indicates that Hardman was signed to a non-guaranteed veteran salary benefit (VSB) deal that pays him the league minimum for his five credited seasons ($1,125,000), but carries a cap hit of just $985,000. That’s the same as a player with only two credited seasons.
Under Kansas City general manager Brett Veach, using VSB contracts for veteran players has become standard operating procedure. Hardman is the eighth Chiefs player to be signed to a VSB deal for 2024.
The others are defensive ends Isiah Buggs and Matt Dickerson, defensive tackle Mike Pennel, tight end Irv Smith Jr., safety Deon Bush and long snapper James Winchester.
Defensive tackle Tershawn Wharton has been signed to the “Four-Year Player Qualifying Contract” version of a VSB contract. In this variant — available only to players who have been with the club for the previous four seasons — the team can pay the player up to $1,450,000 more than their minimum salary with no additional cap impact.
Players with VSB contracts (which may only last for one season) may also be paid roster or signing bonuses. These are added to the lowered cap hit. In 2024, they may total no more than $167,500 for each player.
Hardman, Dickerson, Pennel and Bush were not paid any bonuses for 2024. Each carries the lowest possible VSB cap hit for the coming season.
https://www.arrowheadpride.com/2024/6/10/24175268/chiefs-salary-cap-mecole-hardman-carrying-lowest-possible-2024-cap-hit?utm_source=dlvr.it&utm_medium=blogger
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