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Locked On Chiefs - Daily Podcast On The Kansas City Chiefs

Kelce comeback CRUSHES Cap Space for Chiefs

Locked On Chiefs - Daily Podcast On The Kansas City Chiefs

Locked On Podcast Network

Daily Podcast, Kansas City Football, Chiefs Nfl, Chiefs Podcast, Kc Football, Chiefs Game, Chiefs Highlights, Nfl, Kansas City Chiefs, Nfl Podcast, Chiefs, Football Podcast, Kansas City Nfl, Chiefs Football, Kansas City, Kansas City Chiefs Podcast, Sports, Sports Podcast, Football, Chiefs News, Podcast, Chiefs Today

4.6993 Ratings

🗓️ 23 March 2026

⏱️ 28 minutes

🧾️ Download transcript

Summary

Travis Kelce’s return gives the Kansas City Chiefs a major boost, but his contract reshuffling creates new cap headaches on the road to training camp. Can the Chiefs maintain championship depth with just $7 million in available cap space and pressing needs throughout the roster? Ryan Tracy and Chris Clark analyze the clever structuring behind Kelce’s new deal, dispelling myths about its long-term impact while spotlighting the dead money math that shapes Kansas City’s future.

Transcript

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0:00.0

Travis Kelsey is back.

0:02.8

The magic contract is in, but they are not done.

0:06.3

And this is going to be an issue for a couple of years today.

0:09.2

From the land of the free and the home of the Chiefs, this is the Locked-on Chiefs podcast.

0:14.6

You are Locked-on Chiefs, your daily Kansas City Chiefs podcast, part of the Locked-on Podcast Network, your team every day.

0:26.5

Welcome back, Chiefs Kingdom. Thanks for joining us. I'm Ryan Tracy. This is Chris Clark. You've known us for quite a long time going on 10 years at this point.

0:33.7

We have a lot to talk about today because a couple of major things happened. Later on the show, we're going to talk about where this pre-draft roster is and what the JSN contract means for the future in Kansas City. Before that, we're going to get to the fact that $7 million in cap-sbait isn't going to work for the rest of this preseason as we creep towards camp, OTAs, etc.

0:55.9

But we start where we need to start,

0:58.3

and that is Travis Kelsey is back in the fold.

1:01.0

Details came out about the contract. It was something that Chris had theorized about,

1:03.9

and we want to get right to it because what looks like a three-year deal,

1:07.9

isn't really a three-year deal, is it?

1:10.8

No, it's not. And honestly,

1:13.9

I didn't think that this was going to be that big of a deal, but when you have somebody like

1:18.3

Ian Rappaport come out and say, Kelsey is getting a three-year deal for $58 million,

1:24.9

that's all people seem to read.

1:27.9

Right?

1:30.1

It's correct me wrong.

1:32.2

40 of it is a balloon payment that will never happen, right?

1:33.6

Correct.

1:34.5

And I was going to get into that.

1:38.2

I was trying to find the actual contract details that Ian put out there.

...

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