Chad Kelly signs $5.5 million deal with Argonauts, first $1 million CFL player

Yahoo Sports • 1 min read • Latest: Nov 7, 2026, 2:01 PM

Last updated Nov 7, 2026

Chad Kelly signs $5.5 million deal with Argonauts, first $1 million CFL player
Summary

Chad Kelly has become the first $1 million player in the CFL's salary cap era with a five-year, $5,555,250 contract extension from the Toronto Argonauts. The former Denver Broncos quarterback has revitalized his career in Canada after previous struggles in the NFL. Kelly, 32, has won two Grey Cup titles and was named the CFL's Most Outstanding Player in 2023. He has recorded 5,067 passing yards and 33 touchdowns in the ongoing season, ranking third in both categories despite playing fewer games than others. His total in four CFL seasons includes 11,938 passing yards and 68 touchdowns.

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By the Numbers
  • •Chad Kelly signs a five-year, $5.5 million contract extension.
  • •He is the first CFL player to surpass $1 million in salary cap era.
  • •Kelly has won two Grey Cups and was named Most Outstanding Player in 2023.
  • •He has thrown for 5,067 yards and 33 touchdowns this season.
  • •Kelly has a total of 11,938 passing yards and 68 touchdowns in his CFL career.
Latest Updates
  • 2:01 PMYahoo Sports — Ex-Broncos QB becomes first $1 million player in CFL’s salary-cap era
What they're saying
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Former Broncos QB Chad Kelly is the CFL's first $1 million player in the league's salary cap era.

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