After signing with the Kansas City Chiefs as a free agent last offseason, what is JuJu Smith-Schuster’s contract situation heading into the 2023 NFL season? Let’s take a look at Smith-Schuster’s contract, his impact on the Chiefs’ salary cap in 2023, and his market value on the open market.
JuJu Smith-Schuster’s Contract Details
Smith-Schuster’s contract is a one-year, $3.76 million deal that includes $2.49 million in guarantees. His average annual salary is $3.76 million, and the contract contained a $1.455 million signing bonus. In 2023, Smith-Schuster will be an unrestricted free agent. However, based on incentives of playing time per-game active bonuses, Smith-Schuster will count for more than $5 million against the Chiefs’ cap.
As a free agent last season, Smith-Schuster signed a one-year incentive-laden deal with Kansas City. The base value of the deal was $3.76 million, but only $3.04 million counted against the cap in 2022. The reason for that was only five games of Smith-Schuster’s per-game active bonus were considered likely to be earned. Since he played 16 games, the remaining $660,000 will count against the Chiefs’ cap in 2023.
On top of the active bonuses, Smith-Schuster also met three different incentives in 2022. He had 78 receptions, earning a $1.5 million incentive for topping 65 receptions. His 933 yards earned him another $1.5 million for topping 900 yards. The third incentive was $1.5 million for going over 65% in playing time.
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All of those incentives will now count against the cap in 2023, totaling $5.16 million. If Kansas City wins the Super Bowl and Smith-Schuster plays more than 50% of the snaps, he would earn another $1 million in incentives.
Heading into free agency, Smith-Schuster’s market value, according to Spotrac, is $14.6 million per year across four years. Their four comparisons for Smith-Schuster’s performance for the past two years are compared to Christian Kirk, Hunter Renfrow, Allen Robinson II, and Robbie Anderson. Smith-Schuster’s performance is slightly below the average of those four, which is where they came up with their $14.6 million number.
Smith-Schuster’s Net Worth
There is a wide range of projections for Smith-Schuster’s net worth. Some estimations place it at $4 million, while others are at $14 million. Smith-Schuster’s NFL career earnings are $20.368 million through the first six years.