Originally Posted by :
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.
Immediately after the Superbowl in 2020, Clark Hunt gave Mahomes the biggest contract you've seen while still on a rookie deal. That was a statement that they will take care of their great players.
Now a few years later some bum QBs got paid a little more and media wants to act like how dare the Chiefs! fuck these media heads, hate them. [Reply]
Originally Posted by Bump:
Immediately after the Superbowl in 2020, Clark Hunt gave Mahomes the biggest contract you've seen while still on a rookie deal. That was a statement that they will take care of their great players.
Now a few years later some bum QBs got paid a little more and media wants to act like how dare the Chiefs! **** these media heads, hate them.
That would be ridiculous of the Chiefs to rework anything. He can't go anywhere for 9 years. He signed a contract and he should honor it. Of all the big QB deals this is literally the only one working out for the organization, why mess with it? [Reply]
Originally Posted by the steam:
That would be ridiculous of the Chiefs to rework anything. He can't go anywhere for 9 years. He signed a contract and he should honor it. Of all the big QB deals this is literally the only one working out for the organization, why mess with it?
I mean, the contract is designed to be as deliberately flexible as possible and reworked on a year to year basis as needed. And quite frankly if Mahomes ever did go to Veach privately and voice displeasure with the deal he should do anything and everything possible to rectify the issue Mahomes has. [Reply]
Originally Posted by the steam:
That would be ridiculous of the Chiefs to rework anything. He can't go anywhere for 9 years. He signed a contract and he should honor it. Of all the big QB deals this is literally the only one working out for the organization, why mess with it?
"You need to listen to the press, because they always have your best interest at heart." [Reply]
Originally Posted by Detoxing:
He deserves it. Dude has been harping on the Mahomes contract since it was signed. He's just trying to see his argument through to completion. He's being very "Skip Bayless" on this subject.
No one in the media that I like less than “Skip Clueless.” But Florio is making a play for 2nd place with this shite. [Reply]
Originally Posted by Rainbarrel:
...and yet the Chiefs spend right up to the cap limit every year. Paying Mahomes less saves the Clarks what exactly
They want the Chiefs to have less resources so they can't reload every year and other, more favorable teams can catch up and dethrone them. It's really that simple [Reply]
Originally Posted by Rainbarrel:
...and yet the Chiefs spend right up to the cap limit every year. Paying Mahomes less saves the Clarks what exactly
I don’t think anyone cares about saving hunt money.
It does look bad when the obviously best QB isn’t even paid top 10 money post rookie contract, a bad look. But, it’s up to Mahomes to say something.
He’s going to be the first billionaire football player. About 1/2 from retailer's. If it bothers him when he drops out of the top ten, he tells Veach. We don’t decide shit for him. And neither should the media. [Reply]
Why would folks aware of the dynamics of the situation turn around and fill Florio in on this after he just accused the Chiefs of being scam artists who should be embarrassed for criminally underpaying Mahomes? I'm going to assume this was gathered from someone else on his team