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Originally Posted by sandtrapjack
If a team picks LJ up off the waiver wire (which means before 4 PM eastern time on 11/10), then that acquiring team also picks up his moneies owed. And LJ is carrying a 2.1Mill price tag right now.
The "Waiver Wire" is done in the order of the draft, each team gets a chance in that order to pick him up.
If no team picks him up off the wire (before 4PM EST), then he becomes and unrestricted free agent and can be signed by any team, but, the contract negotiations start all over and he looses that 2.1 mill.
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No, the Chiefs owe him. It was written in his contract. Normally that is correct though.
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No team claimed running back Larry Johnson off waivers, a league source told ESPN NFL Insider Adam Schefter, which means Johnson now is free to sign with any team and the Kansas City Chiefs must pay him the balance of the $2.1 million left on his contract this season.
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Source: No team claimed former Kansas City Chief Larry Johnson - ESPN