According to Yates, Johnson agreed to a “major pay cut” after he suffered a season-ending Achilles tear late last year. Johnson was set to make a base salary $4.75 million for 2017 and up to $1M in per-game roster bonuses. However, his new deal will pay him a $1 million signing bonus and a $1 million fully guaranteed base salary with the 2018 portion of his contract remaining the same outside of a $500,000 proration of his new signing bonus.
This move created around $4.25 million of cap space for the Chiefs.
As for Sherman, he also agreed to reduce his salary from $1.55 million to $1.1 million, but his the new salary is now fully guaranteed for the 2017 season. Sherman’s per-game roster bonuses of $12,500 that were reduced to $6,250, which created, in turn, created $550,000 in cap space for the Chiefs.
By making these moves, the Chiefs were able to sign DT Bennie Logan earlier in the week.
Johnson, 34, is a former first-round pick of the Chiefs back in 2005. He is entering in the second year of his three-year, $21 million contract that includes $9.75 million guaranteed and was set to make base salaries of $1.5 million and $4.75 million over the next two years.
In 2016, Johnson appeared in 13 games and recorded 90 tackles, one sack, an interception returned for a touchdown and three pass defenses. Pro Football Focus has him rated as the No. 21 linebacker out of 89 qualifying players.