The contract includes an incentive package that can push the deal up to $16 million. In turn, the Chiefs picked up $5 million of much-needed cap space.
Adam Schefter adds that Watkins also receives a no-trade clause as part of this contract.
Watkins posted the following tweet regarding his return to Kansas City:
Im back KC LETS GET IT..! #RUNITBACKTOUR
— King me (@sammywatkins) April 3, 2020
Watkins is set to count $21 million against the Chiefs’ 2020 salary cap, so the Chiefs had to make some kind of move to reduce this figure.
Watkins, 26, is a former first-round pick of the Bills back in 2014 after they traded up with the Rams to get him. Buffalo would later trade him to the Rams.
Watkins played out the final year of his four-year, $19.935 million rookie contract before agreeing to a three-year, $48 million deal that included $30 million guaranteed with the Chiefs back in 2018.
In 2019, Watkins appeared in 14 games for the Chiefs and caught 52 passes for 673 yards receiving and three touchdowns.