The #Chiefs’ new contract with TE Travis Kelce is structured as a 1-year, $12M deal with another $3M in incentives, with additional years included for cap purposes.

If Kelce wants to continue playing after this season, the deal will be renegotiated next year.

As currently structured, it’s set up for this to be his final season, after which he would retire — allowing the cap hits to be spread out over those added years.