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.
Here is what is crazy, the only way the Chiefs come out behind the 8 ball here is if he just quites football which anyone can if they want.
But assuming that he loves football and wants to win championships he isn't in a great spot to renegotiate his deal. Now can the chiefs pay him more and make him the highest paid? Yes but you would think if Veach has a ounce of smarts he will do an extension for another 2-4 years to have him locked up until he retires basically.
If Veach just says, here is a lot more money but does not add any years etc he is just an idiot. We have Mahomes for 9 more years, not one or two. Silly but it seems that the Chiefs are the only team with leverage and unless he pulls a Luck etc we are good. [Reply]
Originally Posted by TEX:
Florio only brought this up to stir up shit. He's such a predictable disingenuous troll.
This is it, it was not in any way a good faith argument. He's upset, like a lot of people, that the little Chiefs keep beating the s*** out of everyone. I hope Mahomes keeps lowballing it and picking up more rings just to piss off this guy. [Reply]
Originally Posted by BigRedChief:
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.
Brady dropped out of the top 10 plenty of times. Where was the outcry then?
All the narrative was about how Brady was such a team player, cared more about winning than maxing out his paycheck.
Some people just can't handle looking at the Chiefs and realizing that Mahomes is giving them a huge advantage compared to the Ravens and Bills and soon-to-be Bengals and Chargers.
All those contenders that have a QB good enough to really challenge the Chiefs? Their bills are about to come due, and it's going to make it even harder for them to get over the hump. [Reply]
Reset the QB market right before Burrow (and to a lesser extent Herbert) gets his contract?
Since their contracts are currently structured with a lower QB cap hit, it could be a savvy move to hurt their chances or retaining all of the receiving weapons they currently have.
