The Kansas City Chiefs continued to spend by agreeing to a four-year, $57.25 million contract extension with tight end Travis Kelce.
A source said that the deal includes just under $25 million in guarantees. The average annual value is slightly less than what San Francisco 49ers tight end George Kittle will receive after agreeing to a five-year, $75 million extension. Kelce and Kittle are widely considered the NFL’s top players at the position.
Kelce had two years remaining on the five-year, $46 million deal he signed with the Chiefs in January 2016.
The Chiefs, who at one point early in the offseason had $177 of available space under the salary cap, last month signed quarterback Patrick Mahomes and defensive tackle Chris Jones to new contracts that could pay them as much as $600 million. Mahomes’ 10-year extension could be worth about $500 million, which would be the largest contract in U.S. team sports history.