Release Candidate: Kadarius Toney

As the Chiefs navigated their post-Tyreek Hill offense, the front office was seeking reinforcement at the receiver position. One of the team’s most notable WR acquisitions was Kadarius Toney, who the Chiefs acquired from the Giants midway through the 2022 campaign. While Toney has won a pair of Super Bowl rings during his year-plus in Kansas City, the wideout hasn’t lived up to the billing. Now with only a year remaining on his rookie contract, it’s uncertain if he’ll even reach the 2024 campaign with the Chiefs.

A 2021 first-round pick by the Giants, Toney showed flashes during his rookie campaign, finishing with 39 catches for 420 yards. However, injuries quickly proved to be an issue in both 2021 and 2022, leading to the Giants deciding to cut bait. The Chiefs swooped in and acquired the intriguing wideout, sending New York a future third- and sixth-round pick.

Toney struggled to carve out a significant role during his first season in Kansas City, finishing with 14 receptions in seven games. He showed out a bit in that year’s playoffs, finishing with 50 yards in Kansas City’s divisional-round victory before setting the Super Bowl record with a 65-yard punt return (while also hauling in a touchdown). With JuJu Smith-Schuster and Mecole Hardman out the door, Toney had a chance to step into a major role with Patrick Mahomes heading into 2023.

Unfortunately, it was more of the same for the third-year pro. Toney was unable to emerge ahead of Rashee Rice, Justin Watson, and Marquez Valdes-Scantling (and, of course, TE Travis Kelce). The Chiefs even went out and re-acquired Hardman, leading to Toney being inactive for four of the team’s final seven games, plus each of the Chiefs’ four playoff contests.

Heading into the 2024 campaign, Toney faces even more competition than he did last year. The Chiefs were quick to add Marquise Brown on a one-year agreement, and they moved up in the first round to select Xavier Worthy. That leaves Toney to compete with many of the same WRs who he was unable to supplant during the 2023 season, but there are fewer roster spots this time around.

Rice’s future is in question following some troubling off-the-field incidents, but the 2023 second-round pick notably finished his rookie season with 935 yards from scrimmage. Hardman and Watson were ahead of Toney at the end of the 2023 season, and the team is also still rostering 2022 second-round pick Skyy Moore. Even when accounting for Rice’s uncertain roster status, Toney would have to leap at least one player if he hopes to make the roster.

The Chiefs unsurprisingly declined Toney’s fifth-year option back in May, making the wide receiver a free agent after this season. While moving on from his $2.5MM salary in 2024 wouldn’t provide any cap relief, the dead cap charge isn’t enough to make his cut untenable. With only three seasons under his belt, Toney would be subject to waivers, and his draft pedigree could be enough for a team to bite. More likely, Toney will hit free agency before having to settle for a lower salary (and/or even a practice squad gig).