Chip Kelly was fired by the 49ers, but he still has three years remaining on his four-year, $24 million deal. If you do the math, that comes out to about $6 million per year, which means he has about $18 million left to be paid.
Even better for Kelly? He's still getting paid by the Eagles. He was owed $13.4 million at the time of his firing, although since he was hired by San Francisco, there's an offset against future earnings in the contract that makes it so Kelly can't double-dip. This means the Eagles ended up owing Kelly about $1 million, or roughly $500,000 per year.
But now that Kelly has been fired, it creates an interesting scenario, as ProFootballTalk's Mike Florio pointed out. The 49ers could argue the Eagles still owe Kelly the money from their contract, and the Eagles could argue that the 49ers should still have to pay.
Via Florio:
Ultimately, the two sides may end up submitting the issue to the league office for resolution. There likely won’t be much precedent, given that not many coaches get fired by one NFL team while they are still earning paychecks from another NFL team that fired him.
Whatever the case, Kelly should end up earning plenty of cash in the near future.
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As for the 49ers, Kelly's contract isn't the only one to worry about. ESPN's Adam Schefter said on "SportsCenter" Monday morning that San Francisco owes $69 million to former head and assistant coaches.
Adam Schefter: 49ers owe $69 million to Chip Kelly and former coaches. pic.twitter.com/vwU9xlIgcO
— Jordan Heck (@JordanHeckFF) January 2, 2017
While Schefter didn't get into details, we know Kelly and Jim Tomsula will still be receiving paychecks. Jim Harbaugh had a mutual departure, so he should be off the books.