Report: Chiefs restructure Patrick Mahomes’ contract

Posted by Charean Williams on March 15, 2023, 9:20 PM EDT
Super Bowl LVII - Kansas City Chiefs v Philadelphia Eagles
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The Chiefs have restructured the contract of quarterback Patrick Mahomes as expected.

Field Yates of ESPN reports that $12 million of Mahomes’ 2023 roster bonus was converted into a signing bonus, creating $9.6 million in cap space.

Mahomes has a $34.4 million roster bonus for this season, and he entered this week with a $49.293 million cap hit.

The Chiefs now will have more room to operate in free agency as they attempt to fill in some of their holes.

They have agreed to terms with offensive tackle Jawaan Taylor and defensive lineman Charles Omenihu. They bid farewell to defensive lineman Frank Clark and likely will see left tackle Orlando Brown Jr. depart.

Safety Juan Thornhill, receiver JuJu Smith-Schuster, fullback Michael Burton, defensive tackle Khalen Saunders and offensive tackle Andrew Wylie.

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13 responses to “Report: Chiefs restructure Patrick Mahomes’ contract”

  2. JuJu’s production can be replaced by almost any breathing WR. Frank Clark NEVER lived up to the contract they gave him. Sanders and Wylie have already been replaced. Burton is a FB…please. Thornhill is the only hole left. The rich get richer.

  3. Paying Mahomes that kind of money is ok with me because he’s special and makes everyone around him look good just like A-Rod. Lamar on the other hand is too one dimensional to pay him that kind of money and to lose 1st round picks to boot ain’t worth the squeeze.

  4. Hey you know that roster bonus we owe you.. how about we just give it to you right now?

    Mahomes earned it.

  5. Complete bullcrap. Everybody knows only the Cowboys are allowed to restructure contracts.

  6. The beauty of having a stud QB that you know that will play out a 10 year contract. Must be nice.

  7. That contract is so well done to keep the Chiefs as contenders for a decade. Mahomes knows they’ll spend the cap every year and surround him with talent. He’s already underpaid and the only year he goes over $50 million is 2027.

  10. You can spread out the financial damage over the years with a QB like Mahomes and be successful. The Dolphins are doing it with players who may be long gone, yet remain a cap hit down the road, in an attempt to win now with a QB who has a history of not being able to play.

  12. I’m thinking common core math started with the salary cap. No one understands it, can’t teach it or learn it.

  13. Patrick M makes A LOT of money outside of his football contract. That’s obvious to all of us. We’ve been going to games from northern Oklahoma since 2009. Todd Haley was the coach then. Then Romeo Carnell. To experience the positive rise of the team’s fortunes has been like a fairy tale. Great vibes for the city, as well. KC has great food, great music, and great fans.

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