Three weeks before the start of training camp on July 21, the Kansas City Chiefs appear to be in great financial shape for the 2025 season. We currently estimate the team to be $11.5 million under the limit — a stark contrast to recent offseasons of operating with minimal breathing room.
That cushion also stands to grow should the Chiefs agree to an extension with franchise-tagged guard Trey Smith ahead of the July 15 deadline. Doing so would likely substantially reduce Smith’s current $23.4 million cap number.
While Kansas City could comfortably go into the season from a cap perspective, dollars and cents will likely play into some of the general manager Brett Veach’s final roster decisions.