Home / Chiefs / Chiefs DL Mike DeVito Takes A Pay Cut, Frees Up $2.5M In Cap Space

Chiefs DL Mike DeVito Takes A Pay Cut, Frees Up $2.5M In Cap Space

Update:

Mike Florio of Pro Football Talk reports that Chiefs DL Mike DeVito has agreed to take a pay cut to remain in Kansas City.

According to Florio, DeVito has agreed to reduced his $3.75 million base salary and $250,000 workout bonus to a base salary of $870,000 (fully guaranteed) and a signing bonus of $300,000.

DeVito will also receive a $30,000 workout bonus, which bring his total guarantees to $1.2 million.

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Conor Orr of NFL.com, citing multiple league sources familiar with the situation, reports that the Chiefs are likely to approach DL Mike DeVito about accepting a pay cut to be back with the team next year.

According to Orr, DeVito received several inquiries from other NFL teams at the combine last week, and could have a decent market if he ends up being available.

Unfortunately for DeVito, he sustained a torn Achilles during Week 1’s came against the Titans, and subsequently missed the remainder of the season.

DeVito, 30, signed a three-year, $12.6 million contract that included $6.2 million guaranteed with the Chiefs last March. He has a base salary of $3.75 million for the 2015 season to go along with a cap figure of $5.4 million.

According to OverTheCap.com, releasing DeVito would free up $4 million in available cap space and create $1,4 million in dead money.

The Chiefs need all the cap space they get right now with notable free agents to address such as OLB Justin Houston and C Rodney Hudson.