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Yes, it’s time for Patrick Mahomes to get a new deal.
The two-time NFL and Super Bowl MVP received $63 million for the first three years of his 12-year deal. Ravens quarterback Lamar Jackson, per a source with knowledge of the details, will make $80 million in 2023.
It starts with a $72.5 million signing bonus, plus another $7.5 million later this year.
The first three years are fully guaranteed. In the fourth year, $29 million is guaranteed as a practical matter, subject to offset.
We’ll have the full breakdown soon. As Ravens G.M. Eric DeCosta said during Wednesday’s #PFTPM, the Ravens used the offer that was made to Jackson in September 2022, with enhanced terms.