Chad Kelly signed one of the most bizarre incentive based contracts with the Toronto Argonauts. In 2022 he ended up making a base salary of $67,000 plus $12,000 in housing money. He got an additional $8,500 for being the primary back up for 17 games. For playing 51 percent of the snaps in the final game of the season he got $3333.33. Being on the active roster with Argos winning the division he got $3,400. Winning the East Final was $3,600 and the Grey Cup was $16,000. In total he made $101,833.33 plus $12,000 in housing money in 2022.
For 2023 his salary went up to $75,000 plus $12,000 housing. Each time he plays 51 percent of the snaps he collects $3333.33 so after three games he has added $9999.99 to his contract so far. Here is what the rest of his bonuses will be…….
$1,500 if he passes for 1,000 yards
$3,000 if he passes for 2,000 yards
$5,000 if he passes for 3,000 yards
$10,000 if he passes for 4,000 yards
$15,000 if he passes for 5,000 yards
$5,000 if he finishes top-3 in CFL TD passes
$5,000 if he finishes top-3 in CFL passing yards.
$2,500 if he is named an East Division all-star, a $5,000 bonus if he is named a CFL all-star
$15,000 bonus if he is named the league’s Most Outstanding Player
One thing Kelly has put above stats that will net him more money is winning. This in a market where the Maple Leafs have 3 players taking up 38% of the teams salary cap, the Blue Jays have a $213 million dollar player payroll, the Raptors pay Pascal Siakam $38 million per season and the TFC’s Lorenzo Insgine and Federico Bernadeschi make 500% more than the rest of the roster combined.
They say that sports is a result based business, the Kelly led Argonauts are 3-0 and have looked comfortable in the process. In a city with grossly paid athletes, Chad Kelly is earning every dollar he makes. Toronto Argonaut fans this is your quarterback.