Khalil Herbert

Indianapolis Colts, Running Back
Age: 26y-11m-2d (Apr 21, 1998)
Exp: 4 Years
Country: US
College: Virginia Tech
Drafted: Round 6 (#217 overall), 2021
Agent(s): Chris Cabott, Samantha Sankovich (Equity Sports)
2025 Cap Hit

$1,197,500

2025 Cash

$1,337,500

Career Earnings

$3,507,925

2025-2025 Free Agent (CURRENT)

Khalil Herbert signed a 1 year, $1,337,500 contract with the Indianapolis Colts, including $167,500 signing bonus, $482,500 guaranteed, and an average annual salary of $1,337,500. In 2025, Herbert will earn a base salary of $1,170,000 and a signing bonus of $167,500, while carrying a cap hit of $1,197,500 and a dead cap value of $482,500.
Contract Terms:
1 yr(s) / $1,337,500
Average Salary:
$1,337,500
Signing Bonus:
$167,500
GTD at Sign:
$482,500
Total GTD:
$482,500
Free Agent:
2026 / UFA
MANAGE CONTRACT
Year Age Cap HitAnnual Cap % League Cap Cash Annual Cash Cumulative Dead Cap Annual
2025 27 $1,197,500 0.43% $1,337,500 $1,337,500 $482,500
2026 28
UFA
Year Age Base P5 Salary Signing Proration Cap Hit Cap % League Cap Dead Cap
2025 27 $1,170,000 $167,500 $1,197,500 0.43% $482,500
2026 28
UFA
Year Age Base P5 Salary Signing Bonus Cash Total Cash Cumulative Cash Remaining
2025 27 $1,170,000 $167,500 $1,337,500 $1,337,500 $1,337,500
Source: NFL contract specifics generally collected from verified reports.

2021-2024 Rookie

Contract Terms:
4 yr(s) / $3,610,708
Average Salary:
$902,677
Signing Bonus:
$130,708
GTD at Sign:
$130,708
Total GTD:
$130,708
Free Agent:
2025 / UFA
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Seasons

4 Years

Career Earnings thru 2025

$3,507,925

Earnings w/ Different Teams

2 teams

Earnings Per Year

Year Age Team(s) Status Cash Total Cash Cumulative Awards
2021 23
Active
$790,708
$790,708
2022 24
Active
$722,217
$1,512,925
2023 25
Active
$940,000
$2,452,925
2024 26
Retained
Active
$527,500
$527,500
$2,980,425
$3,507,925
Total      
$3,507,925
$2,980,425
$3,507,925
2025 27
Active
$1,337,500
Total
$4,845,425

Earnings Per Team

Years Team Base Signing Roster Restructure Option Incentives Cash Cumulative
4 $2,849,718 $130,708 - - - - $2,980,425
1 $527,500 - - - - - $527,500
Year Team(s) Age Base Signing Roster Restructure Option Workout Incentives Cash Total Cash Cumulative
2021
23
$660,000
$130,708
$790,708
$790,708
2022
24
$722,218
$722,217
$1,512,925
2023
25
$940,000
$940,000
$2,452,925
2024
26
$527,500
$527,500
$527,500
$527,500
$2,980,425
$3,507,925
Total
$3,377,218
$130,708
$3,507,925
$2,980,425
$3,507,925
2025
27
$1,170,000
$167,500
$1,337,500
Total
$4,547,218
$298,208
$4,845,425

Earnings Per Team

Years Team Base Signing Roster Restructure Option Incentives Cash Cumulative
4 $2,849,718 $130,708 - - - - $2,980,425
1 $527,500 - - - - - $527,500

Injuries

Year Weeks Reason
2023 CHI 6 - 10 Ankle
2022 CHI 11 - 15 Hip
  • Mar 12, 2025 Signed a 1 year $1.33 million contract with Indianapolis (IND)
  • Nov 05, 2024 Traded to Cincinnati (CIN) from Chicago (CHI) for 2025 7th round pick
  • Jun 03, 2021 Signed a 4 year $3.61 million contract with Chicago (CHI)
  • May 01, 2021 Drafted by Chicago (CHI): Round 6 (#217 overall)
Year Team GP GS Snaps Snaps% Rush Attempts Rush Yards Rush Yards/Gm Rush Touchdowns Rec Targets Rec Receptions Rec Yards Rec Yards/Rec Rec Yards/Gm Rec Touchdowns Fum
2024 CIN 14 1 139 12.20 36 130 9.3 1 11 10 25 2.5 1.8 0 1
2023 CHI 12 9 357 44.90 132 611 50.9 2 31 20 134 6.7 11.2 1 1
2022 CHI 13 1 301 37.80 129 731 56.2 4 12 9 57 6.3 4.4 1 0
2021 CHI 17 2 313 27.90 103 433 25.5 2 16 14 96 6.9 5.6 0 1

Calculated Market Value

$2.0M Avg. Annual Salary

Market Value

  • 1 years, $2,001,093
  • Avg. Salary: $2,001,093
  • NFL Rank: 769
  • RB Rank: 35

Current Contract

  • Free Agent: 2026
  • Avg. Salary: $1,337,500
  • NFL Rank: 968
  • RB Rank: 50

Comparable Players

We've selected the following players based on their age, contract status, and statistical production to compare Khalil Herbert to.

Player Length Value Avg. Salary Age When Signed
Justice Hill 2 $6,000,000 $3,000,000 26
JaMycal Hasty 2 $2,900,000 $1,450,000 26
Josh Kelley 1 $1,125,000 $1,125,000 26
Michael Carter 2 $2,375,000 $1,187,500 25
Averages 2 $3,100,000 $1,690,625 25.8

Base Calculated Value

After adjusting the above contracts as if signed at Herbert's current age (26), a linear regression is performed, providing us with the following initial value.

Length Value Avg. Salary
2 $4,022,500 $2,011,250

Statistical Comparisons

Now we'll compare our variables and Herbert statistically over the two seasons prior to their signing. In this case we're analyzing: GP%, Rush Yds/Gm, Rush TD/Gm, Rec/Gm, Fum/Gm, Rating

Player GP% Rush Yds/Gm Rush TD/Gm Rec/Gm Fum/Gm Rating
Justice Hill
2022-2023
 91.18 20.94 0.10 1.29 0.10 65.30
JaMycal Hasty
2021-2022
 82.35 9.36 0.11 1.54 0.07 67.20
Josh Kelley
2022-2023
 88.24 23.07 0.13 0.73 0.03 57.50
Michael Carter
2022-2023
 91.18 19.00 0.10 2.10 0.06 61.05
Average 88.24 18.09 0.11 1.42 0.07 62.76
Khalil Herbert
2023-2024
 76.47 28.50 0.12 1.15 0.08 64.95
Pct Change -13.34 57.55 9.09 -19.01 -14.29 3.49
Median Prime % Change -4.93%
Average Prime % Change 3.92%

Calculated Market Value: Khalil Herbert

After applying our Prime % figures into our base calculated value, we're given two values. The average of these values becomes our current calculated market value.

Terms Avg. Salary
1 years, $2,001,093 $2,001,093

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TRANSACTIONS

Mar 12, 2025
Signed a 1 year $1.33 million contract with Indianapolis (IND)
Nov 05, 2024
Traded to Cincinnati (CIN) from Chicago (CHI) for 2025 7th round pick
Jun 03, 2021
Signed a 4 year $3.61 million contract with Chicago (CHI)
May 01, 2021
Drafted by Chicago (CHI): Round 6 (#217 overall)

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