UPDATE: According to Sirius NFL Radio, Chiefs holdout RB Larry Johnson has agreed, in principle, to a six-year, $45 million deal with the team. The deal includes $19 million in guaranteed money, according to Jay Glazer of FOXSports.com.
The six-year deal replaces Johnson’s final year in his rookie deal and will keep him with the Chiefs through 2012.
Of the $19 million, $12 million comes in the form of a signing bonus and $7 million in guaranteed salary, per John Clayton.
Both sides were reportedly working on a deal Monday night. The sticking point was the payout over the first three years. Once that was resolved, Johnson decided to accept the Chiefs offer. Johnson reported to Chiefs practice field Tuesday.
Source: Profootballtalk, Sirius NFL Radio, Foxsports.com, ESPN.com. Aug. 21 – 1:32 p.m. et
Archived Larry Johnson holdout news:
The Kansas City Star is reporting that a deal with running back Larry Johnson and the Kansas City Chiefs could be struck as early as this week.
Multiple sources told The Star that the two sides have worked out their financial differences, and that Johnson could be game-ready for the Chiefs third preseason game Aug. 23.
One source told The Star that Johnson may be at Arrowhead Stadium Thursday for the Chiefs preseason game against Miami.
However, Chiefs president/GM Carl Peterson said publicly that he didn’t believe a deal was imminent, per The Star.
“I’m cautiously optimistic a deal will get concluded, but exactly when I can’t tell you. I really can’t,” Peterson was quoted on kansascity.com. “I would say we’re still communicating. Are we real close? Not from where I sit.
“We’re still talking pretty much on a daily basis. There are things we’re still stuck on and I can’t say how long that’s going to take.”
Source: Rotoworld.com, kansascity.com. Aug. 13 – 6:59 p.m. et
Adam Schefter of NFL Network is reporting, per profootballtalk, that the Chiefs and RB Larry Johnson are headed for a training camp holdout.
Johnson reportedly wants a contract with $28 million in guaranteed money, and that the Chiefs have offered guaranteed money in the range of $11 to $14 million. July 22. 10:36 a.m. et
According to rotoworld.com, Chiefs RB Priest Holmes ran through some post-practice drills Monday wearing a helmet and shoulder pads but didn’t appear to be ready for contact. Holmes still hasn’t taken a practice carry during training camp and likely won’t see preseason action for a week or so.
Source: rotoworld.com, kcchiefs.com. Aug. 7 – 3:46 p.m. et
According to ESPN.com, Kansas City Chiefs RB Priest Holmes said that if holdout RB Larry Johnson doesn’t want the starting spot in the backfield, that he’ll take it.
“Somebody has to get the money,” Holmes was quoted on ESPN.com. “Hey, if L.J. wants to leave the money out there, guess I’m going to take it. If he wants to come get it, it’s rightfully his to take. He’s earned it. But if he chooses not to come back, well, somebody has to take it. Why won’t it be me?”
Holmes turns 34 in October and has been out of football since 2005 after an injury forced him to the sidelines; but the three-time Pro Bowler believes he still has what it takes. It remains to be seen if he still has the legs to be an every down back, or if the Chiefs will give him a chance. Both coach Herman Edward and presidend Carl Peterson have said Holmes will not be the featured back. And as of now, Holmes is still on the Physically Unable to Perform, PUP, list.
“This is about perseverance and having a great story to tell,” Holmes said. “I think that all the valuable years I’ve put into my tank, there’s a lot in me still.” Aug. 8 – 4:58 p.m. et
According to Schefter, per Profootballtalk, the two sides have engaged in serious discussions last week and made progress Saturday. Talks are said to continue this week with the hope of ending Johnson’s 20-plus day holdout.
Schefter said the tone of conversations has improved since training camp, and that both sides want to complete a deal early enough for Johnson to be game-ready for week 1 of the regular season.
Chiefs and Johnson’s camp were reportedly $15 million apart when it came to guaranteed money, but with the late progress it talks it appears that number has diminished.
Source: Profootballtalk, Rotoworld.com. Aug. 12 – 1:40 p.m. et