10 year contract extension for Mahomes worth $500 million

[armadillooutlaw]

I got it. I’m just looking at it from the standpoint that maybe he already wanted 35-40. We really don’t know. Many swear it was $35 mil with less yrs but never confirmed. Some said he shot for the moon. You may be right. I just think many thought Mahomes would average more than this if what I’m reading is right

You may be right that this doesn't affect Dak's potential deal. I would honestly not like to lose Dak due to either poor negotiating tactics by the front office.
I, too, think he's a QB you can win a Super Bowl with, however he is somewhere in that top 8 to 12 QB range and will need a good OL and Defense to get it done, so having enough cap space to maintain a good supporting cast is key.

 

[Rockport]

 

[Corso]

Dak isn’t as good as Mahomes. Unless tere is a radically unreasonable fan out there, Dak supporters agree that Dak,isn’t as good. But Dak wasn’t asking for a $450 million deal, and I still don’t think he will.

You mean $500 milly deal.

 

[Adreme]

Say what you want but it's 12 years at like 477 or whatever. You can't change the math. But you are right about Wentz and Goff. They never got 35 AAV, they played for less then that over 6 years.

Say what you want but no NFL executive, agent, or reporter will share your view. They will look at reality and only focus on the new money which is the deal which is 10 years 450 million because that is what he signed for. He did not sign the next 2 years just now. Those were signed 3 years ago and forced upon him by the CBA. He signed 10 years 450 million and that is all he signed and that is all the deal is which is why no one involved in the NFL counts the previous contract because it does not matter.

 

[Plankton]

 

[ABQCOWBOY]

And it was out of a discussion of the rumor Dak was demanding $45MM in that 5th year if he were to sign a 5 year deal.

The point I was making that even Mahomes likely wouldn't even have a year where he made a base salary of $45MM. People, I think, confuse base salary with AAV. They aren't the same thing.

Yeah, it's pretty clear that the discussion was not around AAV even with that little bit posted. No sweat.

 

[Corso]

Chris Cabott and Leigh are both going to be making very substantial checks for a long time.

 

[Dak_Attack_09]

Chiefs will be the next dynasty.

Finally an AFC team I enjoy watching. Props to their FO.

I doubt it and you should change team.. possibly a fake fan.

 

[ABQCOWBOY]

Say what you want but no NFL executive, agent, or reporter will share your view. They will look at reality and only focus on the new money which is the deal which is 10 years 450 million because that is what he signed for. He did not sign the next 2 years just now. Those were signed 3 years ago and forced upon him by the CBA. He signed 10 years 450 million and that is all he signed and that is all the deal is which is why no one involved in the NFL counts the previous contract because it does not matter.

Your story, you tell it.

 

[Swagger]

Can we have a countdown thread for Prescott to get a long term contract signed before having to play on the tag?

 

[Sevenup3000]

In no way does Dak deserve even close to the AAV Mahomes got. Mahomes is a SB winning QB.

Dak has never made it out of the divisional round.

Dak should not get a deal with an AAV of $40MM. That's absurd.

What about Wentz or Goff? Those are apt comparisons no?

Keep saying along. Give Dak the updated version of the Wentz and Goff deal as those are his peers in both terms of position, year they entered, and in production.

So whatever Wentz/Goff got (add inflation) and then add another $26mm over 5 years (Dak gives up his extra year).

Wentz/Goff is expected to be FA in 2024 and at that point so would Dak...so Wentz, Goff, and Dak would ALL enter FA in 2024 having made the exact same amount.

Otherwise, sign Dak to 4 years...forego the extra $26mm...and Dak enters Free Agency a year earlier but $26mm less than Wentz/Goff.

Simple.

EDIT: $26MM because this number represents what Wentz/Goff MORE in career earnings than Dak over their first 4 years (Wentz/Goff: about $30mm so far...Dak: about $4mm..)

 

[Aviano90]

Smart kid. Sign that long term deal before the salary cap reduces.

 

[stiletto]

The guarantee must be astronomical to make him accept this.

Yeah guaranteed to be rich beyond 99.9999% of the world's population as an individual. LOL Only bad thing is he doesn't play in Texas or Florida where he wouldn't have to pay state income taxes. Good for him though, he's a generational talent. The Chiefs will probably win multiple Super Bowls if the deal doesn't handicap the team too much.

 

[OmerV]

You mean $500 milly deal.

I’ve seen varying reports. But, if the number is $500 million, let’s plug that into my post.

 

[Adreme]

And it was out of a discussion of the rumor Dak was demanding $45MM in that 5th year if he were to sign a 5 year deal.

The point I was making that even Mahomes likely wouldn't even have a year where he made a base salary of $45MM. People, I think, confuse base salary with AAV. They aren't the same thing.

Except the thing is if you are demanding say 4 years 140 (35m per year) and you then say you want 45 for the 5th year what you are really saying is that to go to a 5th year it has to be 5 years 185(37m per year). That is not some drastic bump in money. Basically it says that if you want to get that 5th year the average per year has to go up relative to that.

 

[Corso]

I’ve seen varying reports. But, if the number is $500 million, let’s plug that into my post.

Half a billion dollars. Wow.
That's a lot of filthy lucre my friend.

 

[Sydla]

Putting the team on his back is a ridiculous suggesting to make. I understand you don't like Prescott for whatever reason. That is obvious. But if you watched the Chiefs play last year and walked away thinking Mahomes put the team on his shoulders you have a screw loose. Or, you just hate Prescott and noting will ever be good enough. Mahomes IS a better QB, but that's not my point in trashing Prescott because you can't separate your dislike for him and QB market value. We talked a long time ago about this man. And I said the longer you wait to sign him, the more it will cost because of the market. NOT because he's the best QB ever.

I have said I have no problems signing him to a long term deal as long as it makes sense. To me, he has to go to 5 years. One, it helps the Cowboys spread out the cap hit, give them room to restructure if they want, etc. I think his demand for a 4 year contract with roughly the same guaranteed money as Wentz and Goff got is asking for too much. If he wants a shorter deal so he can cash in another potentially large signing bonus/early guaranteed money, he needs to come down on his dollar demands. It's that simple.

Mahomes doesn't somehow reset the market substantially for Dak IMO. If anything, it's another young QB on their first non-rookie contract, that is now under team control for more than 5 years (Wentz, Goff with Watson soon to follow).

 

[OmerV]

Let's see how quick this shifts to dak

As quick as it took you to,post this. You were the first.

 

[Adreme]

Your story, you tell it.

It is his story and it is the teams story and that is the story because that is what matters. Agents and teams now know the new highest paid player is playing on an AAV of 45m per. Period. No wiggle room, no "well if you count the two years before that then it is not that and while we are at it why dont we count the 3 years he already played..." because none of that matters. He signed 10 years 450+ million.

 

[Sydla]

Say what you want but no NFL executive, agent, or reporter will share your view. They will look at reality and only focus on the new money which is the deal which is 10 years 450 million because that is what he signed for. He did not sign the next 2 years just now. Those were signed 3 years ago and forced upon him by the CBA. He signed 10 years 450 million and that is all he signed and that is all the deal is which is why no one involved in the NFL counts the previous contract because it does not matter.

Literally in the first post in this thread, there is a tweet from Schefter and he says, and I quote, "........making it a new 12-year contract in total".