Browns, Nick Chubb agree to new contract, huge salary cap savings
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By: Jared Mueller
Salary cap and surgery recovery lead to new deal for Chubb
Coming off two major surgeries last year, the Cleveland Browns do not know when RB Nick Chubb will be back in the field in 2024. With just one year left on his contract, it was expected that the team would require a new deal due to the injury.
GM Andrew Berry spoke multiple times about wanting Chubb back on the field for the Browns but the injury and his contract were a concern.
In the final year of his three-year extension signed in 2021, Chubb was set to make over $12 million this season with a cap number of almost $16 million. The team had a lot of leverage with none of his salary this season, just short of $12 million, was guaranteed.
According to multiple reports, Cleveland will have their star running back in 2024 under a reworked deal:
These situations can be incredibly challenging. But the #Browns and Chubb’s team worked together for a fair solution for one of the team’s most respected and best players.
As Chubb works his way back, his place in the organization is secure. And that’s a big win. https://t.co/FcaCTKOK8K
— Ian Rapoport (@RapSheet) April 11, 2024
As is true with all contracts, the details will be important for the salary cap for the team and the total guaranteed for Chubb.
Update:
The first detail is in with Cleveland saving over $9 million on the salary cap with the new deal and Chubb able to make a little more than originally scheduled with incentives:
On Nick Chubb’s reworked deal, the #Browns reduced his salary cap hit from $15.85M to $6.275M, per source.
Deal gives him the opportunity to earn up to $12.2M in 2024 based on performance levels he had achieved prior to injury.
— Jeremy Fowler (@JFowlerESPN) April 11, 2024
End Update
Based on the wording of the reports, it does not seem like Chubb signed any kind of extension to his deal so he is currently still set for free agency at the end of the season.
How are you feeling about Chubb and the Browns agreeing to rework his contract to give the team more cap space but the player a chance to earn incentives?
Originally posted on Dawgs By Nature – All Posts
