Johnson, 34, was previously scheduled to earn $4.75MM in 2017 base salary and could have made an additional $1MM in per-game roster bonuses. Instead, he’s agreed to reduce his base salary to a fully guaranteed $1MM, and will also earn a $1MM signing bonus. In sum, the cap-strapped Chiefs were able to use leverage against Johnson — who tore his Achilles last season — in order to create roughly $4.25MM in cap space.
Sherman, meanwhile, will see his base salary drop from $1.55MM to a fully guaranteed $1MM, per Yates. Additionally, his previous per-game roster bonuses of $12,500 have been slashed in half, and are now worth only $6,250 per contest. In total, the move creates about $550K in cap space for the Chiefs.
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