Patrick Mahomes restructure will free up $17 million of cap room for Chiefs

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Tom Brady signed an extension with the Buccaneers on Friday that opens up $19 million in cap room for the 2021 season and the other quarterback from Super Bowl LV will be tweaking his contract to give the Chiefs more space.

Adam Schefter of ESPN reports that the Chiefs will convert Mahomes’ $21.7 million roster bonus for this season into a signing bonus. That will allow them to spread the cap hit out into future years and open up $17 million in cap space for the coming year.

Mahomes signed a 10-year deal with the Chiefs before the 2020 season, so there are plenty of future years for the Chiefs to use to their short-term cap advantage. The coming years could see more of the same as Mahomes has large roster bonuses due each season.

The Chiefs released starting offensive tackles Eric Fisher and Mitchell Schwartz this week and reworking Mahomes’ contract should help the team find new players to protect the quarterback in the years to come.

68 responses to “Patrick Mahomes restructure will free up $17 million of cap room for Chiefs

  1. This looks like a good move. But spreading anything across 10 years carries a lot of risk. Let’s say Mahomes has a career ending injury next season. KC is still on the hook to pay the remaining 8 year’s worth of signing bonus…potentially all at once.

  2. I’m starting to think there really isn’t a true salary cap. It seems that teams can always do something in terms of contract restructuring to get under it.

  3. This isn’t any kind of concession like Brady’s. He’s not giving up a dime; he’s still among the highest-paid athletes in the entire world. This just restructures his money so it delays when it hits the cap.

    I think Brady’s restructure is similar; I don’t know that he’s giving up any money. But his deal certainly has him as grossly underpaid for being, you know, the G.O.A.T.

  4. This kid is a team player. Oh, and he does want to survive long enough to collect everything he’s owed on his contract.

    Brett Veach, happy O-Line hunting! Bring in the beasts!

  5. Frankly it is BS…Restructures / manipulations of cap should not be allowed until X years into new deal…3 yrs for instance??

  6. Your turn Cousins, time to work with your team unless you want a sieve for an o-line

  7. studlysmartguy says:
    March 12, 2021 at 2:19 pm
    This isn’t any kind of concession like Brady’s.

    There is more than one way to get to the desired result. There are no style points in salary cap negotiations.

  8. More quarterbacks across the league need to do this every other season. There are too many overpaid players in professional sports who never live up to their outrageous contracts.

  9. This isn’t any kind of concession like Brady’s. He’s not giving up a dime; he’s still among the highest-paid athletes in the entire world. This just restructures his money so it delays when it hits the cap.
    ==========

    Brady was the 4th highest paid player in all of football last year.

  10. Queue all of the cap hell chicken littles coming to tell us why this is a bad thing in 3,2,1…

  11. Not a surprise. Mahomes is of high character, and these matters were discussed when the agreed extension was signed.

  12. nhpats2011 says:
    March 12, 2021 at 2:16 pm
    This looks like a good move. But spreading anything across 10 years carries a lot of risk. Let’s say Mahomes has a career ending injury next season. KC is still on the hook to pay the remaining 8 year’s worth of signing bonus…potentially all at once.
    _____________________________________________________________________________________
    He’s getting the entire bonus this year except now the cap hit is spread out over the contract instead of taking it all this year.

  13. Before we start anointing Mahomes for helping out the team’s cap room try to understand he isn’t losing any money at all in this restructuring. In fact, it doesn’t affect him at all.

  14. Hint: When you restructure immediately after signing a new deal, that’s not a good thing. And, they are still nowhere under the cap with their entire offensive line gone.

    lol

  15. Good deal. With this and the cutting of the tackles. The chiefs should be well under the cap and have space to sign there draft picks and some veteran FA…

  16. So the Chiefs freed up an additional 17 mil. Minus the 4.5 they were over, minus the 8. mil for the rookie pool they now have…4 million dollars of cap room. Still going to need more money to sign some O linemen.

  17. Take note Russell Wilson. Are you about winning championships or your career stats? I think we know…..

  18. So that allows about $15 millions for an average Left tackle if they are planning on replacing Fisher with similar talent then the other $2 million to pay for a well below average center and a turnstile right tackle.

  19. I am not disputing Mahomes is a stand up guy but this isn’t a show of character; it’s getting money in your bank now, instead of later. It’s not exactly charity work

  20. Funny how people think he’s taking less money. He’s not. Restructure doesn’t mean less money. It just changes the timing of the money.

  21. Wow, 17 million what a nice guy. The way he ran for his life in the Super Bowl, I thought he would realize I cannot run forever.

  22. Mahomes is unselfish and wants the best for the team. He did the same last year to help get Chris Jones signed.

  23. This….he’s a team player, he’s doing for the team. Folks that is B.S. They Still get money, just faster, in another accounting bucket that’s all. They are not making any sacrifice.

  24. The jealousy is strong in the comments section…From that aspect maybe he is Brady 2.0. With all the success and all the money. Go Patrick, Go KC!!!

  25. Mahomes is a guy who wants to wil at all costs. He puts his money where his mouth is. He cares about maintaining the team.

    Both Russell Wilson and Pete Carroll could learn something from the relationship between Mahomes and Reid.

  26. This restructuring is only good for shovelling money ahead. And ahead is where Mahomes is scheduled to make between 31 and 59 M a year.
    Good luck absorbing that restructured money in years to come, even with a bigger cap…

  27. Chiefs fans make me laugh. After the Superbowl “we only lost because our starting tackles was out”. Both starting tackles get cut “yeah, they sucked anyway”.

  28. they’ll been the same boat as the saints soon enough. chargers are breathing down their neck.

  29. lewansfingermoustache says:
    March 12, 2021 at 5:14 pm
    Chiefs fans make me laugh. After the Superbowl “we only lost because our starting tackles was out”. Both starting tackles get cut “yeah, they sucked anyway”.

    *****

    Please point out where any Chief fans said they both sucked. They are now both over 30, both injured, both were making big bucks and now Veach has released them, he freed up 17 million with Mahomes and they can do the same with Hill and Kelce. KC could have over 40 million to spend before it’s over. lol

  30. The “good guy” Mahomes vs. “bad guy” Dak stuff gets confusing. KC can do this because they have so many years left on Mahomes’ deal, but at some point his cap hit is gonna be huge.

    My point is that this doesn’t make one player good and another bad, it’s just how teams structure deals. This isn’t Mahomes “taking one for the team” – he’s just getting some money earlier. Nothing against Mahomes, but the wildly fickle views on this stuff is just nonsense.

  31. lewansfingermoustache says:
    Chiefs fans make me laugh. After the Superbowl “we only lost because our starting tackles was out”. Both starting tackles get cut “yeah, they sucked anyway”.
    ———————–

    Literally nobody said any of that.

  32. Kansas City finding out the cap life of paying the qb big bucks. Starting left tackles cut and a qb restructure. Calm the dynasty talk

  33. I know it’s a team sport but when teams shell out these giant contracts , they should get a Super Bowl appearance. Maybe not a win but get into the game. That’s what teams are expecting and that’s what fans are expecting. Brady delivers.Mahomes delivers,
    even drew Brees delivers expect for three years of strange miracle plays. But when you make that much, this is the bar. If you take the money, do the job. They are still paying Rogers, Wilson and Rothlesberger for a game they won years ago. Cousins and Stanford and Watson are paid like they already won a few. There ought to be good salaries with HUGE incentives for a super bowl appearance. Stop paying for something that might happen. Dak Prescott you are in a class by yourself getting paid for work you may never do. Football is a demanding sport but it is easy to see why every little kid wants to be the QB. There even average players with a good agent can get paid like the best

  34. Brady did this for twenty years and got eviscerated by the armchair GMs. How did that work out?

  35. Several teams will be doing this sort of thing. They are betting on a huge cap jump in the coming years as the pandemic wanes and revenue returns to normal. The cap jump will then eat a lot of the dead money.

  36. There is a true salary cap. I think that these restructures are little like stealing from the future. Instead of biting the bullet now, the team gets to eat the cost in the folliwing years. The team and more importantly the GM cares more about today. I suppose teams bank on an increasing cap as well. Maybe better system is to make teams at contract inception to amortize contract cost over contract life, and some method of estimating likelihood of obtaining incentives as well for estimates.

  37. On one hand, yea: it’s a restructure. He had to have known he’d need to do that especially after a pandemic wrecked profits enough to drop the cap.

    What people are failing to remember here is that the Chiefs’ GM is Brett Veach, not Les Snead. Veach has proven his ability to work with Reid and get quality players through the draft. And when they do, they have the luxury of a generational QB and future HOF coach to bring these young players up right while letting go of more expensive talent. It’ll hurt when the day comes for someone like Kelce (I hated even typing that), but they’ll actually survive it and still win a lot of games in the process. 3-4 years is enough time to figure out the difference between keeping players like Tyreek Hill or showing ones like Dee Ford the door when contracts come up.

  38. Looks like what Jerry Jones offered Dak Prescott has not caused other quarterbacks to demand a pay raise immediately. Instead they are wise enough to know that if they want to win more championships, they should allow their teams to afford a better supporting cast around them. That is the difference between a true champion and a pretender.

  39. Is this move to keep the “Dynasty” going. I think the guy needs how to learn to throw a TD Pass in the Bowl. Kid GOAT? Dont think so.

  40. You all know this means his numbers in the later years keep going up right. Even with the cap going back to the norm of increasing every year his cap percentage will eventually be enormous.

  41. Still waiting on the news that Lamar Jackson is giving up on the idea of being the highest paid Running Back in the league so they have enough cap room to sign a QB.

  42. This is just accounting. It’s not anyone making any sacrifice for anything.

    That said, Mahomes may be that very rare player for whom it’s worth just burning up your future salary-cap standing to do whatever it takes to win now. I think most Chiefs fans would say, no problem – keep kicking that can down the road until it turns into a boulder, then crash and give us a lousy team for a few years, who cares – you’ve got pure gold at the position and you can either make the most of it or nickel & dime your way to perennial also-ran status like the Packers have done with Rodgers.

    Chiefs surely realize that they are a solid O-line away from doing anything at this point. The secret to beating the Chiefs is to let them hobble their own team. They should do whatever it takes to put together a killer OL, right now.

  43. I’ve been following NFL for some years and still don’t understand cap situations. Let’s say Mahomes should earn 25mio for 2021 season and all counts towards the cap. Now he gets ‘bonus’ 25 mio that don’t count against the cap? What’s the difference?

  44. I gotta laugh when I see comments to the effect that any player should “take one for the team” by accepting less money than he’s worth or else he’s not a “stand up guy” or that he suddenly doesn’t care about winning. I wonder how many of us would, if asked by an employer, voluntarily accept a pay cut so the company could pay other employees more? Especially in a job that you know you’re going to suffer injuries and can have your contract terminated any given year?

  45. I was happy for Chiefs fans when they finally won the SB and then I was happy when they lost the SB, now I am happy they are up against the cap and one injury away from disaster (like most teams, of course, especially LOL Dallas).

    On another note, there should (in my useless opinion) be a limit on how far into the future a team can “kick the can”. What’s to stop a team from spreading several cap hits out 50 years and then selling the team? There’s a limit on how far into the future they can trade draft picks, is there a rule on this?

  46. Mahomes didn’t lose that Superbowl. His coaches were thoroughly beaten by the bucks two head coaches especially the one who plays behind the center.

  47. How many of you fanboys who actually work, defer your compensation down the road to help your boss with immediate cash flow needs? And how any of you go to your boss and tell him you want a pay cut so you can take one for the team? We’re waiting.

  48. pmuraus says:
    March 13, 2021 at 2:07 am
    I’ve been following NFL for some years and still don’t understand cap situations. Let’s say Mahomes should earn 25mio for 2021 season and all counts towards the cap. Now he gets ‘bonus’ 25 mio that don’t count against the cap? What’s the difference?
    _____________________________________________

    It still counts against the cap BUT now it can be spread out over up to the length of the contract and he gets all of that money now as a signing bonus, so if they spread the $25mil out the entire 10yrs it counts as $2.5mil/yr against the cap instead of the whole $25mil counting against the cap just for this year.

  49. mlhigh77 says:
    March 13, 2021 at 10:48 am
    How many of you fanboys who actually work, defer your compensation down the road to help your boss with immediate cash flow needs? And how any of you go to your boss and tell him you want a pay cut so you can take one for the team? We’re waiting.
    __________________________________________

    And how many of us make $25-$40mil/yr? It’s an apples to watermelons comparison.

    BTW no one’s taking a pay cut, turning it into a signing bonus just means they get the money now and the team can spread out that cost over the life of the contract so don’t even act like they’re taking less money because they’re NOT, it’s the QBs and those that restructure their deals who benefit the most by getting paid now for work they haven’t done yet and might never do!

  50. People keep talking about “kicking the can down the road”, but having such a lengthy contract (essentially 12 years) makes it extremely manageable when spreading out a “signing bonus” over the length of the contract. I don’t think most comments here reflect that understanding. If it had been, say, a three year contract…the effect of that action would be felt almost immediately in the following year.

  51. The NFL better keep an eye on the Chiefs and their cap cuz it sounds a little fishy 17 million for one player restructuring!

  52. Again, why is there even a salary cap when you apparently can just covert money to signing bonus money and it magically goes away on the cap for a year? Seems like they just push cap hits down the road to the point you can’t keep track of what they’re doing.

  53. iliketurtles says:
    March 13, 2021 at 2:18 pm
    Again, why is there even a salary cap when you apparently can just covert money to signing bonus money and it magically goes away on the cap for a year? Seems like they just push cap hits down the road to the point you can’t keep track of what they’re doing.

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    —————-

    Trust me when I tell you the restructure will hurt the Chiefs badly at some point.

    They’re not done cutting people or asking others to “restructure” either. The chain reaction and roster turnover and smallish Mahomes over time will hurt Mahomes.

  54. The “cap hell” comments on these things are always kind of hilarious.

    As thought it would be better to NOT have one of the best QB’s in the league.

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