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Details Emerge From Thursday Trade Between Chiefs, Giants

Kansas City Chiefs cheerleaders

The Kansas City Chiefs added another weapon to their explosive offense on Thursday when they acquired wide receiver Kadarius Toney from the New York Giants.

The Chiefs are sending the Giants two 2023 draft picks for Toney, one in the third round and the other in the sixth.

While that might not seem like much to give up for a former first-round draft pick, the financial details of the trade show that the Chiefs are making a big bet on Toney. 

According to Tom Pelissero of the NFL Network, Toney's contract with his new team will be fully guaranteed through 2024, plus will have a fifth-year option. It will cost the Chiefs about $5.2 million.

New Chiefs WR Kadarius Toney's contract is fully guaranteed for about $5.2 million through 2024, plus a fifth-year option. So the Giants get that money off their books and pick up 3rd- and 6th-round picks, while KC bets on the upside of the 20th overall pick in the 2021 draft." -- Tom Pelissero

That provides further clarity as to why the Giants were willing to deal a recent first-round draft pick, as ridding themselves of Toney's contract will free up some salary cap space.

Toney has played in just 12 games across the past two seasons due to injury. He's been sidelined by hamstring strains since Week Two, but he is expected to make his Chiefs debut following the team's bye, on Nov. 6.