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The Kansas City Chiefs are anticipated to restructure quarterback Patrick Mahomes‘ contract to offer some cap aid, sources advised ESPN’s Adam Schefter.
The staff is predicted to transform Mahomes’ $21.7 million roster bonus to a signing bonus within the coming days, which might save the Chiefs $17 million towards the wage cap, sources stated.
In July, the 2 sides reached settlement on a 10-year contract extension that ties Mahomes to Kansas Metropolis via the 2031 season.
League sources advised Schefter then that the deal is value $450 million over the 10-year interval and could possibly be value as much as $503 million. The extension features a $140 million harm assure, in addition to a no-trade clause.
The Chiefs picked up Mahomes’ fifth-year possibility for the 2021 season in April, placing him beneath contract for the following two seasons. Mahomes had two years and $27.6 million left on his deal — $2.8 million in 2020 and $24.8 million in 2021. The ten-year extension places him beneath contract with the Chiefs for the following 12 seasons.
Mahomes, 25, has received a league MVP and a Tremendous Bowl MVP, and he has led the Chiefs to the championship sport in every of the previous two seasons with a win over the San Francisco 49ers and a loss this previous season to the Tampa Bay Buccaneers.
Kansas Metropolis is hopeful Mahomes can have recovered from February toe surgical procedure to take part within the staff’s June minicamp. The expectation is that he will probably be able to go by the beginning of coaching camp later in the summertime.
ESPN’s Adam Teicher contributed to this report.
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