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When Chiefs quarterback Patrick Mahomes signed his current 12-year contract three years ago, he nudged the bar for the highest average per year (APY) by roughly $10 million, to $45 million annually.
Now, with Ravens quarterback Lamar Jackson at $52 million per year, Mahomes has fallen $7 million per year behind the highest-paid player in the sport.
Chiefs G.M. Brett Veach already has vowed to address the Mahomes deal after more quarterback contracts are completed. While Veach didn’t delve into any specifics, here’s what reasonably should be expected, based on our conversations with folks aware of the dynamics of the situation.
Expect Mahomes, before the season begins, to once again be the highest-paid player in league history.
The details will be interesting, and subject to differing interpretations. Because Mahomes has nine years left on his current contract, a new-money APY in excess of $52 million per year would be obtained simply by tacking three years and a penny more than $156 million on the back end of the existing deal.
The real question will become the value of the contract from the moment it’s signed. Also relevant to the analysis will be the full guarantee at signing, and the cash flow in the first three years of the revised deal.
In 2020, Mahomes swapped a high APY and a complicated but lucrative guarantee structure for cash flow in the years that were most likely to be affected by the pandemic. Now that those days have come and gone, the cash flow can be boosted in the early years of a revised deal.
Whether big-picture proclamations or devilish details, a new deal is coming for Mahomes, sooner than later. He has more than earned it — and with each new quarterback deal that is done, his own situation becomes more glaring. Look for that to at least be partially rectified in the coming weeks or months.
Ultimately, Mahomes is trying to strike the balance of fair compensation with leaving enough cash behind to have a team that lets him pursue championships and, ultimately, to chase Tom Brady’s all-time record of seven championships. Mahomes needs five to tie, six to win.
While not yet a real threat to Brady, Mahomes isn’t far from making things interesting. And that could be enough to get Brady interested in trying to get to No. 8 before it’s all said and done, just in case.
If Florio really wants to bitch, where is Kelce in terms of the highest paid TEs?
Kelce has been giving us a discount on his contract his entire damn career. Shouldn't Florio care more about the little guy TEs who aren't getting paid diddle squat compared to all the overrated Daniel Jones fucks who are only getting that money because "it's their turn" [Reply]
Originally Posted by BigRedChief:
As long as Hunt spends every dollar of the cap, I cant see Mahomes bitching about being the 9th highest paid player.
When Andy retires, When Kelce retires..... thats when Mahomes will need to reinvent himself.
Why would he possibly need to reinvent himself? He's one of the best to ever do it. That's not going to go away when Andy isn't calling the plays anymore. [Reply]
Originally Posted by RealSNR:
If Florio really wants to bitch, where is Kelce in terms of the highest paid TEs?
Kelce has been giving us a discount on his contract his entire damn career. Shouldn't Florio care more about the little guy TEs who aren't getting paid diddle squat compared to all the overrated Daniel Jones ****s who are only getting that money because "it's their turn"
Kelce knows his post-NFL acting career will be much easier if he wins more Super Bowls.
It’s like Mahomes and endorsements. He’s fat and away the highest paid when you factor in the $20+mm a year he makes being the greatest. Florio knows that as long as Mahomes is doing this the Chiefs have a competitive advantage that others won’t be able to touch. [Reply]
Originally Posted by wazu:
I found that interesting as well. Hadn't thought about that peer pressure, which might actually matter somewhat to him. All that said, the other QBs are landing huge deals, so it doesn't seem like anybody is being held back.
I think the reason Mahomes is intent on not hurting other QBs is that so many of those QBs are black. I believe there will be more starting black QBs than in any other time in league history, or very close to it.
Mahomes has said that he is aware of the history of the black QBs in the NFL. He was front and center in the players response to George Floyd, meaning he has an eye on social and racial issues. And every SB interview this year included a question about it being the first SB with 2 black starting QBs, keeping his importance to the legacy of the black QB fresh in his mind. [Reply]
It’s going to be hilarious if Mahomes doesn’t push for a new deal so we can afford to sign D-Hop. I will enjoy Florio’s tears so much if it happens. [Reply]
Originally Posted by ChiefsFanatic:
I think the reason Mahomes is intent on not hurting other QBs is that so many of those QBs are black. I believe there will be more starting black QBs than in any other time in league history, or very close to it.
Mahomes has said that he is aware of the history of the black QBs in the NFL. He was front and center in the players response to George Floyd, meaning he has an eye on social and racial issues. And every SB interview this year included a question about it being the first SB with 2 black starting QBs, keeping his importance to the legacy of the black QB fresh in his mind.
You do realize his mom is white don't you? [Reply]
Originally Posted by ChiefsFanatic:
I think the reason Mahomes is intent on not hurting other QBs is that so many of those QBs are black. I believe there will be more starting black QBs than in any other time in league history, or very close to it.
Mahomes has said that he is aware of the history of the black QBs in the NFL. He was front and center in the players response to George Floyd, meaning he has an eye on social and racial issues. And every SB interview this year included a question about it being the first SB with 2 black starting QBs, keeping his importance to the legacy of the black QB fresh in his mind.
Or, you know, it's just the right thing to do and he's a good person...I kinda doubt it's all about race. But whatever. [Reply]