No one’s saying they are going into cap hell. They have a prime opportunity for the next 1-2 years to really maximize on Mahomes minimal cap space. Even though his contract won’t look as massive a few years into it, you’re still talking about a rookie contract being <5% of the cap versus a veteran contract being ~20%. Since the last CBA and the rookie salary scale, this has been the most cap-proof a team can possibly be in having the league’s best QB practically playing for free with the an entire cap to support him. They are okay even overpaying for some guys like Watkins as long as that gets the talent they need. Rams did something similar in recognizing last year was Goff’s final rookie discount season and went all-in. Of course, Mahomes is much better than Goff. But just pointing out the different approaches to building the roster based on the QB’s status. It does make a big difference with the flexibility. I think the Chiefs will still be a good team after they extend him and have to take the hits at some point, but as you said, that’s when it will be more dependent on coaching/front office, or in some rare cases (Green Bay!!!) the quarterback being open to team efficiency ahead of personal accomplishments.