Former San Francisco 49ers head coach Chip Kelly has landed with UCLA, the school announced on Saturday. Kelly joins the program on a five-year contract worth $23.3 million with a “$9 million reciprocal buyout.”
I’m not a contracts wizard myself, but Kelly’s deal, as his prior ESPN contract did, will offset some of the money that the 49ers still owe him. The Philadelphia Eagles offset roughly $600,000 when Kelly signed with the 49ers, and San Francisco owes him around $12 million for 2018 and 2019, at $6 million per.
In other words, with the buyout confirmed by UCLA, the 49ers offset a large portion of what they owe to Kelly, though the exact numbers aren’t quite out there.