Chiefs and Patrick Mahomes agree on 10-YEAR Contract Extension

thecore762 · Jul 6, 2020

He has taken his team deep in the playoffs, he has won a SB, so he should be paid as such, that franchise became relevant with Mahomes, right now he is the best QB in the league.

I am happy for him, at the same time I’m also happy that now they will have to worry about a cap and will have less talent.
Hill might want a big payout soon.

PATSYLICIOUS · Jul 6, 2020

Now time to see how great they really are. Winning one sb with a qb on a rookie contract aint easy by any means, but good luck getting back.

Kdo5 · Jul 6, 2020

NE_Zealot said:
Best QB in the game deserves to be paid like it. From a pure talent standpoint he is an improved Rodgers.

Hopefully they can’t field an all-star team around him anymore. However, ring-hungry vets will take less to play with this kid like they did for BB/Brady.

The Chiefs locked up their stud QB and with proper drafting they’ll be in the mix for a decade or more with a video game offense. Let’s see if Kermit has the goods to challenge Tom for the throne.

Makes sense for Mahomes to get the biggest contract in NFL history. He is a generational talent.

BaconGrundleCandy · Jul 6, 2020

What could have been ...

QuantumMechanic · Jul 6, 2020

Hyped · Jul 6, 2020

Including the 27M or so left on Mahomes' rookie deal....it is a 12 year 477M deal....an annual average value of ~39M. A very good deal for the Chiefs....the QB pay rate will be north of 45M AAV by 2022.

Ross12 · Jul 6, 2020

Hyped said:
Including the 27M or so left on Mahomes' rookie deal....it is a 12 year 477M deal....an annual average value of ~39M. A very good deal for the Chiefs....the QB pay rate will be north of 45M AAV by 2022.

Wonder how happy Mahomes will be if/when he’s the fifth-highest paid (or somewhere around it) QB 3 years into a 12 year deal. Even if he has outs I would imagine they don’t trigger for a few years later.

Hyped · Jul 6, 2020

Ross12 said:
Wonder how happy Mahomes will be if/when he’s the fifth-highest paid (or somewhere around it) QB 3 years into a 12 year deal. Even if he has outs I would imagine they don’t trigger for a few years later.

I think he'll be fine. The point is that the Chiefs will need that cap relief to keep weapons around him. This year Sammy Watkins took a pay cut...and they are squabbling with Chris Jones. Players need to get paid or the Chiefs need to keep batting well in the draft.

luuked · Jul 6, 2020

Ross12 said:
I just don’t get why it’s 10 years. They can’t pro-rate past 5 years... you’d think he would want to become highest-paid again in year 6 instead of being severely underpaid in the last years.

It was designed in a way so they can call it the biggest contract in US sports. In reality its a 5 year 140M deal where about 25M of those are his remaining two rookie contract years and three guaranteed years at 38M.

The rest is fake and will be renegotiated, otherwise this would be as much of a team friendly deal as Gronk's extension back in 2012. Mahomes would be absurdly underpaid in 5 years relative to where QB market deals will be at that point.

Flash · Jul 6, 2020

It must be done. With that said, even if Mahomes has GOAT potential, I am wary paying this much money in one single player. The pressure is on the Chiefs' management to draft well because they will be forced to let go a lot of their good players.

Gronk · Jul 6, 2020

Hyped said:
the QB pay rate will be north of 45M AAV by 2022.

In normal times, yes, that trajectory games out in their favor. But not if the league takes a bath on revenue the next couple years. Curious if the speculation about his salary being tied to a % of the cap is true, and if so is it a for better or worse situation? E.g. if his take is 15% and the cap drops by $40m, does he lose $6m?

Not saying the deal is “bad”, at all, but it definitely strikes me as a weird and risky time to hand out the most expensive contract in the history of sports. If the cap takes a **** in ‘21 and/or ‘22 they could have handcuffed themselves a bit. But they’re hardly alone in that, will still have Mahomes even if roster takes some blows, and also agree with those noting that most of the contract is fake due to be renegotiated again in a few years.

Hyped · Jul 6, 2020

Gronk said:
In normal times, yes, that trajectory games out in their favor. But not if the league takes a bath on revenue the next couple years. Curious if the speculation about his salary being tied to a % of the cap is true, and if so is it a for better or worse situation? E.g. if his take is 15% and the cap drops by $40m, does he lose $6m?

Not saying the deal is “bad”, at all, but it definitely strikes me as a weird and risky time to hand out the most expensive contract in the history of sports. If the cap takes a **** in ‘21 and/or ‘22 they could have handcuffed themselves a bit. But they’re hardly alone in that, will still have Mahomes even if roster takes some blows, and also agree with those noting that most of the contract is fake due to be renegotiated again in a few years.

I think PFT confirmed that it isn't a %-age of the cap type of contract.

And if the Chiefs get a beating revenue-wise...so will everybody else and overpaying Mahomes is a good problem to have. Contracts can always be restructured to move numbers around a bit.

I'll wait on more details...because I saw that the signing bonus cannot be pro-rated more than 5 years....so it is possible that the back end of the contract has no guarantees.....

In addition, if I am DeShaun Watson, Lamar Jackson, and Dak Prescott....during mad revenue times...I'd play under the franchise tag...and then sign a long term deal when times are better.... they will still earn 45M under the FT which has just increased with Mahomes' deal...

libra957 · Jul 6, 2020

Belichick must be fully erect seeing all this.

lancerman · Jul 6, 2020

Ross12 said:
I just don’t get why it’s 10 years. They can’t pro-rate past 5 years... you’d think he would want to become highest-paid again in year 6 instead of being severely underpaid in the last years.

He’s getting 45 million year for 10 years. The next best is getting 35 million. He’s far and away leading and has the most valuable contract in sports. This is how you make that contract happen. “Ok Patrick, I’ll light the roof on fire for you and set you up for the rest of your life, above and beyond, tons of guarantees too, but I want it 10 years so that at the end of the contract I’m getting you for some value after you take me to the cleaners”

bigballas · Jul 6, 2020

TheRainMaker said:
It will be $400M.

If he signed with the Pats, this board would be like:

"well....there's no guarantee he starts".

"He's never played in this system".

"Can he beat out Hoyer and Stidum"?

"He has to earn his spot on the team".

"Is he humble"?

well to be fair, Stidham does have more experience in the system plus we drafted him instead of Mahomes so obviously we know what BB thinks...

venecol · Jul 6, 2020

Guaranteed to disappoint for $0.5 billion.

lancerman · Jul 6, 2020

libra957 said:
Belichick must be fully erect seeing all this.

I wouldn’t be so sure. Tom Brady isn’t here for team friendly deals

lancerman · Jul 6, 2020

venecol said:
Guaranteed to disappoint for $0.5 billion.

It’s the Chiefs. He gave them what they desperately craved already. It would be like if we locked Brady up until 11 and he never won but just played really well. We’d take it as a thank you gift

Triumph · Jul 6, 2020

20 million for Chris Jones seems like crumbs.

lancerman · Jul 6, 2020

You know what’s really sad. The Chiefs traded from 27 to get up there. We probably could have done that if we didn’t get that idiot who tried to pole vault that guy in the SB

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