Mike Edwards Contract: Salary, Cap Hit, Potential Extension

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Tampa Bay Buccaneers safety Mike Edwards (32) during the second half of an NFL football game against the Arizona Cardinals, Sunday, Dec. 25, 2022, in Glendale, Ariz.
(AP Photo/Rick Scuteri)
BetMGM Staff @BETMGM Mar 28, 2023, 4:09 PM

One of the most promising safeties in the league has joined the defending Super Bowl champions. Mike Edwards signed a one-year deal with the Kansas City Chiefs worth $3,000,000.

This past season, Edwards had a career year, starting in 12 games for the Buccaneers. In his previous three seasons, he only started 11 games combined.

Mike Edwards Salary

Mike Edwards inked the $3,000,000 contract with Kansas City on March 17, 2023. It includes a $1,400,000 signing bonus with $2,480,000 guaranteed and an average annual salary of $3,000,000.

In 2023, he will have a base salary of $1,080,000 and a roster bonus of $382,353 per game. His contract also includes a workout bonus of $20,000.

Mike Edwards Cap Hit

The Ohio native will carry a cap hit of $2,882,352 in 2023. His contract has a dead cap value of $2,480,000.

Mike Edwards Potential Extension

Kansas City lost Juan Thornhill to the Cleveland Browns but replaced him with someone who can equal his production. Edwards should jump straight into the Chiefs’ secondary and has the potential to get even better.

Set to become an unrestricted free agent in 2024, the 26-year-old must prove his worth to secure a multi-year contract. He is in a perfect position to do so, as he is on one of the best teams in the league. 

In 58 career games, Edwards has recorded 184 tackles, with one forced fumble and two sacks. He has seven interceptions in the NFL.

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BetMGM Staff

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Our BetMGM authors are sports experts, with a wealth of knowledge of the sports betting industry at all levels. Their coverage includes sports news across players, teams and coaches, providing betting previews and predictions, fun facts and more.

Our BetMGM authors are sports experts, with a wealth of knowledge of the sports betting industry at all levels. Their coverage includes sports news across players, teams and coaches, providing betting previews and predictions, fun facts and more.