Chiefs LB Derrick Johnson Accepts Paycut

The Chiefs have worked out contract restructures with linebacker Derrick Johnson and fullback Anthony Sherman, according to Field Yates of ESPN.com.Derrick Johnson

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.

Photo courtesy of USA Today Sports Images.

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