Chiefs Extend Noah Gray to 3-Year Extension
The Kansas City Chiefs just signed Noah Gray to a 3-Year extension worth up to $19.5 million.
The Kansas City Chiefs just signed Noah Gray to a three-year extension. Right now, it is for three years and up to $19.5 million, with $10 million guaranteed and a $6 million signing bonus. This actually should open up cap space for the Chiefs.
Current Deal
Gray has a single year left on his deal, with a cap number of $3.194 million. His base salary will be reduced to $1.125 million from $3.116 million, which is how they can create space with this deal. His original deal also has a $78,445 proration of his rookie deal so that will be added to the final numbers.
Current Best Guess
As I said, his salary would drop to $1.125 million, which creates $1.991 million on the cap for 2024. His signing bonus of $6 million will free up about $441,000 for the Chiefs.
The rest of his contract will likely include a guaranteed salary of around $3 million in 2025 and salaries of around $4.5 million in 2026 and 2027.
Final Contract
The biggest takeaway from this deal is that it lowered his cap hit close to $500K this year. It doesn’t appear that they are going to use it this season as I hoped possibly, but it will carryover, and it gives them room to maneuver if they choose to be active at the trade deadline.
I wasn’t too far off on this one. The base salaries are $1.055, $2.961, $4.74, and $4.74 million over the deal's life. His $6 million signing bonus prorates to $1.5 million a season. His only guarantee after this season is the $2.961 million salary in 2025. If the Chiefs cut him after 2025, they would have a dead cap hit for the proration of the signing bonus of $3 million but would save $4 million on the cap in 2026.
He has a workout bonus of $100K in 2025, $250K each in 2026 and 2027, and per-game roster bonuses of $510K for both 2026 and 2027. His total cap hits for the next four years are $2.633,445, $4.561, and $7 million in 2026 and 2027.
This is a solid deal for the team and Noah. It raises his compensation a little this year and next, but it's not bad for a #2 tight end.