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.
Originally Posted by DRM08:
Veach already said they are waiting to see what happens with Burrow and Herbert. I would expect those deals to use the same Void Year shenanigans of other QB deals recently to significantly lower the cap hits.
Not disagreeing, just reading into the speculation of this getting done so quickly. I agree that those 2 contracts would get done before Pat's. [Reply]
The context of the florio segment is total bullshit and anyone with a half a brain can see that. I imagine what little credibility florio had in league circles was shredded by the ham sandwich he is trying to pass off as analysis.
I am not some guru or associated with the industry in any way. But I can look at the context of the contract and see that florio is full of shit. You want to compare the past three years of cash flow, which bought out cost controlled years of a rookie contract and fifth year option, to the future three years cash flow of contracts minted three years later that didn't buy out rookie years? That is some piss poor analysis. It's egregiously flawed to the point that it feels like he is trying to deceive and manipulate. I don't know what his motivation is, or if he's just incredibly bad at his job, but either way he needs to be held accountable. [Reply]
Originally Posted by Nightfyre:
The context of the florio segment is total bullshit and anyone with a half a brain can see that. I imagine what little credibility florio had in league circles was shredded by the ham sandwich he is trying to pass off as analysis.
I am not some guru or associated with the industry in any way. But I can look at the context of the contract and see that florio is full of shit. You want to compare the past three years of cash flow, which bought out cost controlled years of a rookie contract and fifth year option, to the future three years cash flow of contracts minted three years later that didn't buy out rookie years? That is some piss poor analysis. It's egregiously flawed to the point that it feels like he is trying to deceive and manipulate. I don't know what his motivation is, or if he's just incredibly bad at his job, but either way he needs to be held accountable.
The Chiefs are forced at this point to make Mahomes the highest paid with Lamar signing his big deal. It was always going to be how the Chiefs managed his contract as to whether they can really make at a run at the Pats dynasty. This probably nails the coffin shut on that. [Reply]
Originally Posted by GoForIt:
The Chiefs are forced at this point to make Mahomes the highest paid with Lamar signing his big deal. It was always going to be how the Chiefs managed his contract as to whether they can really make at a run at the Pats dynasty. This probably nails the coffin shut on that.
Originally Posted by GoForIt:
The Chiefs are forced at this point to make Mahomes the highest paid with Lamar signing his big deal. It was always going to be how the Chiefs managed his contract as to whether they can really make at a run at the Pats dynasty. This probably nails the coffin shut on that.
Are you bothered at all by the fact that your favorite player is a raging pedophile? [Reply]
Originally Posted by GoForIt:
The Chiefs are forced at this point to make Mahomes the highest paid with Lamar signing his big deal. It was always going to be how the Chiefs managed his contract as to whether they can really make at a run at the Pats dynasty. This probably nails the coffin shut on that.
I wasn't expecting to start my day with this level of stupidity, yet here we are... [Reply]
Originally Posted by GoForIt:
The Chiefs are forced at this point to make Mahomes the highest paid with Lamar signing his big deal. It was always going to be how the Chiefs managed his contract as to whether they can really make at a run at the Pats dynasty. This probably nails the coffin shut on that.
The Chiefs aren't forced to do anything. Just because Florio discusses it does not make it happen. Pat knew when he signed his contract that his yearly average would be quickly surpassed and was fine with it. Based on how it's structured it's essentially fully guaranteed. He wants rings and a legacy and knows always being the highest paid hurts that. He's not playing for peanuts, but his contract is flexible enough that he can still have a great team around him. They will make a run at the Pats dynasty and nothing would be better than for him to beat it. [Reply]
Originally Posted by GoForIt:
The Chiefs are forced at this point to make Mahomes the highest paid with Lamar signing his big deal. It was always going to be how the Chiefs managed his contract as to whether they can really make at a run at the Pats dynasty. This probably nails the coffin shut on that.
You just aligned yourself with racist dumbfuck Mike Florio.
Congratulations on dumbest post of the day on Chiefs Planet, and it’s still only early in the morning. [Reply]
The idiots running several chiefs related social media pages on facebook have a bunch of window lickers believing this. The cheap ass whores running those pages deserve to be beat with a bag of frozen flaming peckers for using this a click bait. [Reply]
