Alex Okafor's New Contract is Big Win for Chiefs and Okafor

It's not often that NFL contracts can be a win-win for both sides, but the Kansas City Chiefs have had a knack for threading that needle recently.

#Chiefs DE Alex Okafor signed a restructured contract recently that clears over $2 million off KC’s cap this year and makes Okafor a free agent next March, per source. He’s now due a max of $4.96M in 2020, including $860K in per-game roster bonuses and $2M in incentives.
— Tom Pelissero (@TomPelissero) August 10, 2020

Alex Okafor's contract restructure is just the latest shrewd move from a man who has made a lot of them recently, Chiefs general manager Brett Veach.

Essentially, restructuring Okafor's deal clears more than $2 million in cap space for the Chiefs, while also ensuring the 29-year-old will reach free agency a year earlier. He can also earn another $2 million in incentives.

Chiefs dominated the last decade ?https://t.co/0j76DBf9FV
— The Duel (@TheDuelSports) July 14, 2020

Clearing a few million in space is huge for the Chiefs, as the added flexibility could help facilitate necessary any roster moves brought on by the COVID-19 pandemic. Okafor, meanwhile, gets to reach free agency a year earlier, giving him a better shot at earning another lucrative deal before he ages out of favor.

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Max Staley is not a FanDuel employee. In addition to providing DFS gameplay advice, Max Staley also participates in DFS contests on FanDuel using his personal account, username mstaley1212. While the strategies and player selections recommended in his articles are his personal views, he may deploy different strategies and player selections when entering contests with his personal account. The views expressed in their articles are the author's alone and do not necessarily reflect the views of FanDuel.