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March 12 (UPI) — The Kansas City Chiefs are restructuring star quarterback Patrick Mahomes‘ contract to create further salary-cap house in 2021.
League sources advised ESPN and the Kansas City Star on Friday that the Chiefs are anticipated to transform Mahomes’ $21.7 million roster bonus to a signing bonus earlier than the beginning of the NFL’s new league 12 months on March 17. In keeping with ESPN, the transfer will save the Chiefs $17 million in cap house.
In July, Mahomes and the Chiefs reached an agreement on a 10-year contract extension that ties him to the franchise via the 2031 season.
Mahomes’ deal is reportedly value $450 million over the 10-year interval. The contract could possibly be value as much as $503 million and features a $140 million damage assure.
The 25-year-old Mahomes, who was the No. 10 general decide within the 2017 draft out of Texas Tech, already has been named league MVP and Tremendous Bowl MVP in his profession. He guided the Chiefs to the Tremendous Bowl in every of the previous two seasons.
The Chiefs are hopeful that Mahomes will get better from final month’s toe surgical procedure to participate within the staff’s June minicamp. He’s anticipated to be able to compete by the beginning of coaching camp later this summer season.
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