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2h ago

Argonauts Extend Chad Kelly Through 2031

The five-year deal signals rising quarterback pay against a backdrop of bigger broadcast revenue, a higher salary cap, larger TV contracts.

Toronto Argonauts quarterback Chad Kelly (12) throws against the Winnipeg Blue Bombers during first half CFL football action in Winnipeg on Friday, Sept. 25, 2026. THE CANADIAN PRESS/John Woods
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Toronto Argonauts quarterback Chad Kelly speaks after singing a new five-year contract extension with his team during a press conference in Toronto on Tuesday, Oct. 27, 2026. THE CANADIAN PRESS/Nathan Denette

Overview

  • The Toronto Argonauts announced Tuesday that they agreed to a five-year extension that keeps Chad Kelly in Toronto through the 2031 season.
  • Media reports cite a total contract value of about $5,555,250, which would average more than $1 million a year and make Kelly the highest-paid player in the modern CFL salary-cap era.
  • Kelly returned from a 2025 absence to post career highs in 2026 with 5,067 passing yards and 33 touchdowns while also throwing 24 interceptions.
  • Kelly suffered a knee injury on Oct. 16 and missed the regular-season finale but resumed practice and was expected to start the East Division semifinal; the club described the deal as a long-term commitment after earlier, briefly stalled talks.
  • The extension follows a new, larger TV rights package that will raise league revenue and the salary cap, a shift that could drive higher multi-year contracts for quarterbacks and other top players.