What the Nick Chubb contract restructure says about his future
Despite much speculation of being released, last week Cleveland Browns star running back Nick Chubb and the Cleveland Browns agreed to a restructure on the final year of his current contract. This means he will stay with team in 2024. But what might this deal mean after the 2024 season for Chubb?
To best understand the impact of this contract restructure, you must learn the details of the deal. Before this contract was reworked. Nick Chubb was on the Browns salary cap for $15.85 million dollars. None of that money was guaranteed. The Browns could have released him and saved over $11 million dollars in salary cap space. If Chubb was released, the most he could have signed for with another team was approximately $2 million dollars. That is what the market would have been for a 28-year-old running back coming off serious knee surgery. The Browns and Chubb agreed to a $11.75 million dollar deal for this season. The deal has a salary cap hit of $6.25 million for 2024. The contract has incentives for Chubb to earn the rest of potentially lost salary.
This agreement between the Browns and Nick Chubb shows that both parties are betting on Nick Chubb recovering from the knee injury. The Browns wanted to do the right business move while doing right to an outstanding player for the franchise. The representatives of Nick Chubb also understood the business aspect of the deal and the potential harshness of life in the NFL. The bottom line is to win in the NFL, and if you can’t produce results. The NFL stands for Not For Long. The Cleveland Browns, Nick Chubb, and his representation all believe that Chubb will play in 2024. And they believe he will be productive. With the production from Nick Chubb on a 1 year prove it deal. An extension with the Browns would be in Chubb’s future. What the extension will be all depends on the 2024 season that Nick Chubb has for the Browns. And Browns fans hope that the 2024 season ends with a championship.
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