Patrick Mahomes: Deal gives me security, allows team to be great

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In a video released shortly after news of his contract extension broke on Monday, Chiefs quarterback Patrick Mahomes said that he’s “chasing a dynasty” after winning the Super Bowl in his second professional season.

Mahomes met with the media on Tuesday for further discussion of a deal that ties him to Kansas City through the 2031 season and the topic of winning more Super Bowls remained on the table.

The new contract could pay him more than $500 million when all is said and done, but the argument has been made here and elsewhere that Mahomes could have wound up with even more by playing a different hand. On Tuesday, Mahomes nodded to that school of thought by saying that he thinks the deal will leave the team positioned to continue winning for years to come.

“Not only does it give me the security I’ve always wanted, but it allows the team to be great throughout my entire career,” Mahomes said, via Nate Taylor of TheAthletic.com.

While Mahomes could have pushed for more money, he won’t be hurting on that front even before you factor in the off-field earning possibilities that come with winning MVPs and Super Bowls. Once you do, it’s easier to understand why Mahomes is comfortable playing things out this way.

48 responses to “Patrick Mahomes: Deal gives me security, allows team to be great

  1. Perfect contract for Chiefs & PMahomes.

    Critics can pooh pooh his puny signing bonuses, could’ve commanded more, etc. but he’s gonna get his money over time *AND* have nice things.

    Potential for a dynasty is here.

  2. Could (almost any) another agent have gotten more/better deal? Absolutely.

    In Reality, once his contract is 10th best or so (or sooner), if he is still winning SB’s and his salary is out of whack, KC will redo the deal in his favor.

    But still weird to not have more guaranteed overall. I get the year by year guarantees kicking in.. but that is potential future $, not cash now.

  3. When asked for comment regarding the new contract, Patrick mahomes girlfriend said “I’ve got 2 words for ya cha and ching”

  4. He decided to get a ton of money AND help the team by not absorbing a huge chunk of the salary cap? What’s not to like? He’s great under pressure,in big games, in primetime and when the play breaks down…So he really is the opposite of Kirk Cousins…and this coming from a Vikings fan…

  5. Your rookie contract gave you security. The average working man will never see that kind of money. Athletes need to gain some perspective about how good they really have it next time they want to complain about being oppressed.

  6. With that kind of yearly cost I’m having a difficult time understanding the ‘allows TEAM to be great part.’

  7. Shannon Sharpe said that the contract reads as though Mahomes salary is guaranteed 2 years in advanced. So if he is on the Roster Day 1 of 2022, then his 2023 and 2024 salary are guaranteed.

    If so, thats not bad. That means if the Chiefs wanted to cut him before the 2025 season starts, they would have to pay him the 2025 and the 2026 salary.

  8. From a business standpoint, it is a horrible contract. Patrick signed on with a lesser agent who wanted to make a name for himself by touting a $500 million contract. But that contract is illusory. The guaranteed portion is way under market. Yes, Patrick won’t starve. And of course it is a lot of money. But relative to the applicable market, the contract was a complete disaster.

  9. It’s a smart deal. In a few years, average QB’s will be making that kind of money, but by then Mahomes will have probably over a billion dollars in endorsement deals, so he’ll choose to keep winning, rather than hurt the team’s chances for success by demanding to re-do his contract.

  10. I would hope that he assured “security’ with the first contract. Obviously he doesn’t have a clue and no concept of money management.. It’s pathetic to see what our higher education system is producing today….

  11. Security of course, but your team will start rebuding and have trouble making the postseason in 2021 after no 2020 season.

  12. jurgyisgod wrote “From a business standpoint, it is a horrible contract. Patrick signed on with a lesser agent who wanted to make a name for himself by touting a $500 million contract.”

    His agent is Leigh Steinberg. That’s far from a lesser agent.

    If a team and player have a dynasty as the goal, a contract like this is a mighty fine way to start.

  13. I love what Mahomes does on the field, but the fact that he seems be a genuinely good human being and a role model for my 12 yr old son means even more. Amidst widespread chaos in our country let’s not forget the importance of character. Patrick’s parents did a wonderful job raising him!

  14. If Mahomes is getting this much money, god knows how much Haskins will get on his next contract. The Redskins will probably open with Fort Knox and the negotiations will move upward from there.

  15. He’s Wrong! No team has won a SB taking up more than 15% of the cap. That starts in 2021! He’s an Amazing QB but, it takes a TEAM to win a SB. Let’s see in a couple of years when his Offensive line needs to be paid. Then the Defense! This is a good short sighted plan, good for a couple of years only. . The overpaid so he won’t leave.

  16. Security? 500 million? 3 million would give you, your kids, and grand kids security. RIDICULOUS.

  17. For those not grasping how this is a good deal for both, he’s definitely getting paid for the next 3-4 years with the core of his offensive talent still under contract. This gives the scouting team and coaches ample time to draft the right kind if offense for him to build up how he wants it (think how Peyton did it with the Colts). Andy Reid is no spring chicken, but chances are Mahomes will have enough knowledge in this time span to absorb much of it, not to mention this could be the reason Bienemy is sticking around. Add to that the fact that the cap rises by about $10m per year, and Mahomes seems plenty fine knowing his endorsement deals will always be there.

    Odds are Clark is out of the door soon, as is Jones, but the defense is really Mathieu’s as he’s becoming a leader there on field.

    Translation: Veach may look like the best GM by the time 2025 rolls around

  18. Gronk, “Sorry Tom, I’m going to retire again and then go play for the Chiefs.”

  19. Soooo Mahomes is saying he won’t be great unless he gets paid…. sounds like a poor leader

  20. Some QB’s don’t have any problem driving the “cap space bus” over a cliff to get theirs and then the team can’t even sign their own free agents not to mention add other free agents to fill positional needs. If he’s happy with this contract and it got him what he wanted then I am thrilled for both him and the team. Dak is ripping Cowboys fans apart by his demands and they haven’t won anything in decades. Kansas City is by no means a major market team and yet they managed to keep their stud QB under contract for a long time because it worked for both parties. I congratulate them both while Dallas is still a grease fire. I would just cut Dak, go with Dalton, and spend that money to build the team. Dalton could be a “winner in waiting”. Look at Jim Plunkett when he got to the Raiders.

  21. Can’t wait to watch Gruden’s face on the sideline while getting worked by Mahome’s Chiefs.

    The Raiders won’t make the playoffs for another decade.

  22. Better thank miami and Tennessee!! Wouldn’t have gotten to the superbowl without that nudge!!!

  23. Mahomes is going to make roughly $60 million over the next 3 seasons. That’s a massive bargain for the best offensive player in the NFL.

    Apologies to everyone who was hoping he would fleece the Chiefs and they’d be gutting their roster. Expect a Chris Jones extension before the franchise deadline as well as they know they have the flexibility now to make it happen.

    Going to be a fun couple of years. For us at least. 😉

  24. Good for him, he stayed focus learning the system over the last few years, now is time for the rewards, congrats

  25. > He’s Wrong! No team has won a SB taking up more than 15% of the cap. That starts in 2021!

    That’s incorrect, there are a number of sites that you can see the cap hit by year. Assuming the cap doesn’t change (which is obviously wrong since it usually goes up).

    2020 it’s 2.7%
    2021 it’s 12.5%
    2022 it’s 15.9%

    The cap will go up be 2022 so it will actually be less than 15%. 2022 is also when new tv deals will be worked out so that the new cap could go up significantly by then. So chances are he won’t be over 15% of the cap for at least 4 years and maybe a whole lot more.

  26. Looks good for both sides. People forget Mahomes is he just wants to win. This kid loves playing the game and wants not have to carry the team . on his back all the time.

    He wants to have an average to good defense around him, a decent oline, and that’s why he’s not breaking the bank.The kid wants to lead his own dynasty.

  27. This feels so much like Russell Wilson 2.0. Young quarterback. Wins a Super Bowl. Signs a big contract. The team goes down the drain cuz they can’t afford other players. For instance, how can Chiefs compete against the Redskins? The Skins have star quarterback Dwayne Haskins on a rookie contract … for the next four years!! And Chase Young and Terry McLaurin on rookie contracts. So the Redskins have three of the most talented players in the league AND the second lowest cap season in the league. How can the Chiefs (or anyone else) compete with that ?!!? The NFL salary structure has a large bearing on who can be a dynasty (Washington) and who won’t be (KC).

  28. jurgyisgod says:
    July 7, 2020 at 3:01 pm
    From a business standpoint, it is a horrible contract. Patrick signed on with a lesser agent who wanted to make a name for himself by touting a $500 million contract. But that contract is illusory. The guaranteed portion is way under market. Yes, Patrick won’t starve. And of course it is a lot of money. But relative to the applicable market, the contract was a complete disaster.

    So, let’s say Mahomes squeezed every dime out of the chiefs and left nothing on the table The byproduct from that was the chiefs were not able to surround him with enough talent to win another super bowl and he never won another mvp award. does he make more money overall (on and off field) or does he make more with multiple Super Bowls and mvp awards? Not saying he is guaranteed to win another super bowl or mvp, but definitely increases his chances.

  29. I wish I had time in my life to worry about every nuance in the contract. Both parties appear to be pleased. Sounds like a solid win-win all around. Honestly, I’m not going to spend my time obsessing over it.

  30. rockczar says:
    July 7, 2020 at 2:47 pm
    Your rookie contract gave you security. The average working man will never see that kind of money. Athletes need to gain some perspective about how good they really have it next time they want to complain about being oppressed.
    _________

    Sounds like the average working man should have practiced his throwing motion a little more when he was young so he could throw a football 80 yards in the air. The average working man should have tried harder to be 6’3” and run a 4.8 second forty yard dash.

    Wake me up when millions of people turn on their TV to watch the average working man do whatever it is he does with his life.

  31. His best chance of being part of a dynasty is the 2020 season, because once his big contract starts counting against the salary cap, there is little money left for other good players to help him win.

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