Chiefs sign star tight end Travis Kelce to new 2-year, $34.25 million deal, AP source says (2024)

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KANSAS CITY, Mo. (AP) — The Chiefs signed Travis Kelce to a new two-year, $34.25 million contract on Monday, wrapping up their star tight end as they attempt to win an unprecedented third straight Super Bowl, a person familiar with the terms told The Associated Press.

Kelce’s deal with Kansas City includes $17 million guaranteed for 2024 and $11.25 million guaranteed by the third day of the 2025 league year, according to the person, who spoke on condition of anonymity because those details hadn’t been released.

While not disclosing the financial details, Chiefs general manager Brett Veach said Kelce would remain the league’s highest-paid tight end, adding that it was a priority to “adjust his contract.”

The 34-year-old Kelce signed a four-year, $57.25 million extension with Kansas City in 2020, which followed a $46 million, five-year deal that he signed in 2016.

“Hard to put into words what Travis means to this organization and this city,” Veach told local reporters on Zoom. “Just a really special day and moment for this organization to once again recognize arguably one of the greatest tight ends to ever do it.”

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Kelce, who was chosen by the Chiefs in the third round of the 2013 draft, already is their career leader with 11,328 yards receiving. He needs eight receptions to reach 917 and pass Hall of Fame tight end Tony Gonzalez for that record, and three touchdown catches would give him 77, dropping Gonzalez to No. 2 on that franchise list.

Most important, Kelce has helped Kansas City win back-to-back Super Bowls and three titles in the past five years.

“Every now and then you have one of these guys that are outliers,” Veach said, “and Travis is one of those players. It’s not even May yet and today we had a chance to get out there in phase two (off the offseason) and Travis was the first one in line.”

It’s not just on the field where Kelce is a star, either.

His relationship with pop icon Taylor Swift has taken him to another level of celebrity, while appearances on shows such as “Saturday Night Live” have helped to make him a household name. He hosts one of the most popular podcasts across several genres with his brother and former Eagles center Jason Kelce, and he will soon host a quiz show on Amazon Prime.

But it all began on the field, where Kelce has long been considered one of the best tight ends in the game.

He missed the season opener with a knee injury last season, and he skipped the regular-season finale when the Chiefs already were assured of their playoff seeding. Those two games cost him the chance to extend his streak of 1,000-yard seasons to eight; he finished with 984 yards on 93 catches with five touchdown receptions.

When the postseason rolled around, Kelce once again took his performance to another level.

He had seven catches for 71 yards in a wild-card win over Miami, the fourth-coldest game in NFL history. He had five catches for 75 yards and two scores in a divisional win in Buffalo. He had 11 catches for 116 yards and a touchdown in the AFC title game in Baltimore, and capped it all with nine catches for 93 yards in the Super Bowl against San Francisco.

Along the way, Kelce batted down rumors of retirement, saying: “I have no reason to stop playing football. I love it.”

“The odds of someone playing this far into their 30s is low,” Veach acknowledged, “but it does happen. There are unicorns in the profession and Travis is one of those. He’s shown no signs of slowing down.”

The extension for Kelce comes one week after the Chiefs announced they had signed Veach, coach Andy Reid team president Mark Donovan to contract extensions. The team did not say how long those deals would last, but they are expected to keep the three most central leadership figures with the franchise through the 2029 season.

Patrick Mahomes, whom Kelce considers one of his closest friends, is under contract through the 2031 season. All-Pro defensive tackle Chris Jones, the third piece of their three-player core, signed a five-year, $158.75 million deal in March.

Along with rewarding Kelce for his continued superlative play, Veach pointed to several young players who will be due contract extensions in the next couple of years as another reason for getting the tight end’s situation sorted out.

“We do have some younger guys coming up and like always, once the draft settles down, we’ll have a chance to address that,” he said. “Travis is an outlier here. We all know that. When you talk about Travis and his career and his legacy here, this is something we wanted to knock out of the park early on and shift our focus onto the young guys coming up.”

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This story has been corrected. A previous version incorrectly described Kelce’s new contract as an extension that would keep him with Kansas City through 2027.

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AP Pro Football Writer Rob Maaddi contributed to this report.

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AP NFL: https://apnews.com/hub/nfl

Chiefs sign star tight end Travis Kelce to new 2-year, $34.25 million deal, AP source says (2024)

FAQs

Chiefs sign star tight end Travis Kelce to new 2-year, $34.25 million deal, AP source says? ›

(AP) — The Chiefs signed Travis Kelce to a new two-year, $34.25 million contract on Monday, wrapping up their star tight end as they attempt to win an unprecedented third straight Super Bowl, a person familiar with the terms told The Associated Press.

What is Travis Kelce's 2 year contract worth? ›

KANSAS CITY, Mo. -- The Chiefs gave tight end Travis Kelce a significant raise with a new two-year contract Monday. A source told ESPN's Adam Schefter that the deal is worth $34.25 million with $17 million fully guaranteed for this season and most of the rest to be guaranteed on the third day of the 2025 league year.

What is the new Kelce deal? ›

The new deal reduces his 2024 base salary to $5.75 million. The per-game roster bonus is replaced with a single $11 million roster bonus. This bonus — along with his salary and workout bonus for the coming season — bring his 2024 compensation up to $17 million. The whole amount was guaranteed at signing.

What is Travis Kelce salary for the Chiefs? ›

Kelce, as it turns out, got what he wanted as the Chiefs reworked his contract, pumping up his salary to $34.25 million over the next two seasons. The $17.125 million per year represents the highest average annual salary among all NFL tight ends.

Who is the highest paid tight end? ›

Kansas City Chiefs tight end Travis Kelce became the NFL's highest paid tight end ever this week, when the Chiefs adjusted his existing contract, effectively giving him a raise to $34.25 million for the coming two seasons.

Who is the highest paid NFL player? ›

The Cincinnati Bengals' Joe Burrow is the highest paid player in the NFL. The San Francisco 49ers' Nick Bosa is the highest paid defensive player in the league.

How did Chiefs get Travis Kelce? ›

2013 season

Kelce was selected by the Kansas City Chiefs in the third round (63rd pick overall) of the 2013 NFL draft. The Chiefs had hired Andy Reid as their new head coach during the off-season.

What is the deal with Jason Kelce? ›

It's a multi-year agreement for Kelce, who retired in March after 13 years in the NFL with the Philadelphia Eagles. He will join "Monday Night Countdown" in the buildup to "Monday Night Football" during the 2024 season, and the wild card and divisional round playoff games.

How many years does Kelce have with the Chiefs? ›

Per ESPN's Adam Schefter, the Chiefs player has signed a new extension worth $34.25 million, with $17 million fully guaranteed for the coming season, this deal will keep him in Kansas until 2027.

Is Travis Kelce leaving the Chiefs in 2024? ›

Travis Kelce is definitely not retiring in 2024. He's also no longer underpaid. NFL insider Ian Rapoport broke the news on Monday that the tight end had agreed to terms on a new 2-year contract extension with the Kansas City Chiefs. The Chiefs confirmed the new deal a short time later.

How much was Jason Kelce's contract with ESPN? ›

Steve Brenner of the Sun reports that ESPN has snagged Kelce with a three-year contract worth $1.8 million per year for his appearances on their Monday night football coverage. Not to mention, there's a sweet $1 million sign-on bonus included in the package.

How much money does Harrison Butker make? ›

His net worth is estimated to be around $5 million, which includes his NFL salary and various endorsem*nts such as Enterprise, Cameo, and Charlie Hustle Clothing Co. His dedication and skill have not only earned him a lucrative salary of $3.6 million but also valuable endorsem*nt deals.

How many more years does Travis Kelce have left on his contract? ›

This new deal pushes his pre-existing contract with the Chiefs into 2026 and 2027 and dishes out the bulk of the contract's new money in 2024 and 2025. The two years at the end of the contract are not guaranteed, meaning Kansas City and Kelce can separate much sooner than his age-38 season.

How much was Travis Kelce's old contract? ›

Kelce will have an average annual value (AAV) of $17.125 million, which makes him the highest-paid tight end for the first time in his career. Prior to this extension, he was on a four-year, $57.25 million contract. That AAV of $14.3 million ranked fifth among all active NFL tight ends.

What is Jason Kelce's new job? ›

Jason Kelce has a new job. ESPN officially announced on Tuesday that the Eagles great will be joining the network's Monday Night Football coverage as an in-studio analyst on its pregame show after signing a multi-year deal.

What was Travis Kelce's first year in the NFL? ›

Kelce enters his 12th season with the Chiefs in 2024. Spent the majority of the 2013 season on the club's injured reserve list. Originally entered the NFL as the first of two third-round picks (63rd overall) by the Kansas City Chiefs in the 2013 NFL Draft.

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