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KANSAS CITY Mo. (KY3) – The Kansas Metropolis Chiefs are working to restructure the contract of Patrick Mahomes, a transfer anticipated to supply tens of millions of {dollars} in wage cap reduction.
The pending contract resolution would save Kansas Metropolis round $17 million towards the wage cap, in accordance with experiences from ESPN’s Adam Schefter. The Chiefs are anticipated to transform Mahomes’ $21.7 million roster bonus right into a signing bonus.
The NFL knowledgeable groups Wednesday morning that the 2021 wage camp could be set at $182.5 million. Groups are required to get under the cap by the point the brand new league 12 months begins on March 17.
Based on salary-cap web site Over the Cap, the Chiefs at the moment mission to be round $4 million over the cap if the contract is restructured as deliberate. Kansas Metropolis just lately launched two beginning offensive tackles, former No. 1 total draft choose Eric Fisher and veteran Mitchell Schwartz, for some cap reduction.
Mahomes initially signed a 10-year contract final July price greater than $500 million.
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