10 year contract extension for Mahomes worth $500 million

[ABQCOWBOY]

The extension aka new money is 10 years 477 with up to 503 million PLUS his the 2 years left. While yes, they could opt out (and I suspect the opt out points are not exactly at great times for the team as in 2 years before the season in question similar to a few other deals) that makes Mahomes a free agent which they will never risk. Barring injury he is going to see every dime of that money.

Yes, they could opt out but it could be for reasons other then simply production. He could get seriously injured and that could be one hell of a bad deal for this kid. I don't think he plays out the contract. But hey, if you do, that's cool.

 

[ABQCOWBOY]

Yes for this year and next and then he is free to walk so unless you are only offering a 2 year deal why would he sign for less? If he can play on the tag for 2 years and then walk and sign for 43-44 million per why would he take a 4 year deal worth less than 38 or 39 million when that is what he will make on average?

You don't know what the market will be then and there is a question of security. There are a lot of reasons players sign deals. I think the market for most QBs for the next couple years is still going to be 35/36. It's not going to be 38/39 and I think you will see more QBs tagged. JMO.

 

[glimmerman]

You simply can’t afford to field a good team paying a QB 45 or 50 million a year yet. Once the cap goes up then maybe. With the whole virus mess the cap may not go up after this year. Guessing in coming days we will see exactly how much mahomes will really be getting. I am hearing it pretty team friendly and will be restructured in a few years.

 

[OmerV]

You simply can’t afford to field a good team paying a QB 45 or 50 million a year yet. Once the cap goes up then maybe. With the whole virus mess the cap may not go up after this year. Guessing in coming days we will see exactly how much mahomes will really be getting. I am hearing it pretty team friendly and will be restructured in a few years.

A point I've made about Dak is that, in my opinion, he would be willing to restructure at some point, like Romo and other QBs have done with their teams in the past. Some disagree with me saying the fact he is sticking to what he wants now suggests otherwise, but its very different once the commitment has been made

 

[DandyDon52]

Ines Sainz - the worlds sexiest sports reporter

ok diehard, thanks, another person tried to tell me that was erin andrews, lol , now I know who she is.
I googled her and got some more pics, even in that same outfit.
read she went to a ny jets practice and players and some coaches would not leave her alone lol.

 

[jterrell]

Dak’s best comps both signed deals last season. Mahomes is a generational talent that won an MVP and SB at 24. He is not a complete for Dak on any day.

I am shocked so few people understand the very basics of NFL contracts.
Pat Mahomes just reset the starting QB market period.
Everyone before him matters exactly 0 now.
That's why you want to sign before the market gets reset.

Do you think Watson or Jackson are "Comparable" to Goff or Wentz?
Do you think Goff or Wentz is even mentioned in their salary negotiations?
If so you'd be VERY incorrect.

ALL front-line QB starters new deals will now come in OVER Russ.

 

[xwalker]

Lol. Are they signing him. That’s gonna be great for Daks agent. Lol. 10 years and 400 million.

Except the Dak contract issue has been that the agent wants less than 5 years.

This is the opposite of that.

 

[jterrell]

Thank you. Best explanation of this madness I have read.

ROFL congratulating each other for not understanding the contract is hilarious.

The deal is 477 for 10 years.
He has 2 years coming ALREADY that bring it up to a possible 503M earned over 12 years.
But his new deal is 10 years 477M or 47.7M per season.
A leap of 12.7M AAV and his contract is structured much like Zeke's to hand him guarantees yearly(up to ~400M total so deep into the contract) or a release with a large check.

His deal is written very much like Zeke's because like Zeke he had 2 years left.

 

[cowboygo]

I am shocked so few people understand the very basics of NFL contracts.
Pat Mahomes just reset the starting QB market period.
Everyone before him matters exactly 0 now.
That's why you want to sign before the market gets reset.

Do you think Watson or Jackson are "Comparable" to Goff or Wentz?
Do you think Goff or Wentz is even mentioned in their salary negotiations?
If so you'd be VERY incorrect.

ALL front-line QB starters new deals will now come in OVER Russ.

Yes, we finally have a true top though. Really got screwy when Garroppolo and Carr both became highest paid QBs in their deals, and every subsequent quality starting QB would become the new highest paid. At least Dak won't be highest paid and we won't get the scrutiny behind that but who the heck cares about that. Today we'd be ecstatic if we had Wentz or Goff's contract for Dak. Heck, even Russell Wilson's looks good now. Mahomes definitely raised the floor of Dak's contract, and the starting point is as you mentioned, Russell Wilson.

 

[xwalker]

Chiefs will be the next dynasty.

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

We'll see if the salary cap catches up to them.

They've been a bit loose with the cap.

They won a Super Bowl; therefore, whatever they did with the cap was worth it.

It was worth it to the Eagles to buy a Super Bowl but it did catch up to them.

Obviously all the cap space in the world is meaningless if the team does not get to the Super Bowl, but the cap does catch up to teams at times.

It worked for KC with moves like paying Anthony Hitchens 9M per. I was a fan of Hitchens as an over-achieving 4th round pick, but there is not a huge difference in Hitchens and Cowboys backup backup Joe Thomas.

 

[Adreme]

Yes, they could opt out but it could be for reasons other then simply production. He could get seriously injured and that could be one hell of a bad deal for this kid. I don't think he plays out the contract. But hey, if you do, that's cool.

An injury that knocks him out for one year is not really going to be enough for them to cut him. When looking at QBs at his level the historical comparisons are pretty simple. For QBs who played out their deals for 10+ years of extension you have Brady, Manning, Brees, Rodgers, Big Ben, Philip Rivers, Eli Manning, with Wilson, Stafford, and Ryan going down that path. For QBs who had to be cut you have Andrew Luck (well retirement which sort of highlights that point anyway in that they were literally willing to hold that contract despite him not playing 2 years). When confronted with two options: one being something that has happened many times and one being something that would be fairly unprecedented I tend to think the more common occurrence is more likely.

 

[cowboygo]

We'll see if the salary cap catches up to them.

They've been a bit loose with the cap.

They won a Super Bowl; therefore, whatever they did with the cap was worth it.

It was worth it to the Eagles to buy a Super Bowl but it did catch up to them.

Obviously all the cap space in the world is meaningless if the team does not get to the Super Bowl, but the cap does catch up to teams at times.

It worked for KC with moves like paying Anthony Hitchens 9M per. I was a fan of Hitchens as an over-achieving 4th round pick, but there is not a huge difference in Hitchens and Cowboys backup backup Joe Thomas.

Yeah, but peek at the cap hit for the next 3 years. Definitely manageable and they still hold a young team. In a couple of years they'll start having the tough decisions of resigning current players. The Chiefs aren't paying a top RB though. Thats a huge difference between us and them.

 

[ABQCOWBOY]

An injury that knocks him out for one year is not really going to be enough for them to cut him. When looking at QBs at his level the historical comparisons are pretty simple. For QBs who played out their deals for 10+ years of extension you have Brady, Manning, Brees, Rodgers, Big Ben, Philip Rivers, Eli Manning, with Wilson, Stafford, and Ryan going down that path. For QBs who had to be cut you have Andrew Luck (well retirement which sort of highlights that point anyway in that they were literally willing to hold that contract despite him not playing 2 years). When confronted with two options: one being something that has happened many times and one being something that would be fairly unprecedented I tend to think the more common occurrence is more likely.

An injury that ends his career or simply prevents him from being able to do the things that make him great could.

None of the QBs you listed above signed 12 year deals. None of them. So the comparison is not really accurate.

 

[jterrell]

Except the Dak contract issue has been that the agent wants less than 5 years.

This is the opposite of that.

The agent wants 4 years OR to be paid that 5th year as a going rate equal to what's expected in 5 years. 45M.
This entire drama for months has been over 10M (non-guaranteed) all paid in the final year.
A complete waste of energy for all involved and this board.

I promise Dak and his agent would take 90% of the 10 year deal Pat just got.
429M with 360M in guarantee mechanisms.
And year 1 and 2 money equivalent to what Pat's contract will pay in those years when his rookie deal is over.

 

[xwalker]

You simply can’t afford to field a good team paying a QB 45 or 50 million a year yet. Once the cap goes up then maybe. With the whole virus mess the cap may not go up after this year. Guessing in coming days we will see exactly how much mahomes will really be getting. I am hearing it pretty team friendly and will be restructured in a few years.

Teams can project the NFL cap for the future.

They can then project what percent of the cap will go to the player's contract.

The percent (based on contract annual average) will always be high early because the cap increases.

In general QBs have been getting between about 16% and 18% of the cap (based on average) for a couple of decades.

The numbers sound huge because the cap has increased by a huge amount, but the percentage of cap for top QBs that remained in that range.

 

[Adreme]

An injury that ends his career or simply prevents him from being able to do the things that make him great could.

None of the QBs you listed above signed 12 year deals. None of them. So the comparison is not really accurate.

Yes but they all signed two sets of 5 year deals which is the same as the 10 year deal Mahomes signed. The fact that they played out BOTH sort of shows that it is VERY uncommon to not play out your full 2nd and 3rd contract as a QB which is basically what this is.

 

[DFWJC]

You can give whatever figure of Mahomes's deal to make it look like Dak should get less but that's not how contracts are looked at. And offering Dak the same guarantee as Goff in 5 years vs. Goff's 4 years is NOT a good deal. Here's how contracts are looked at:



Are Mahomes and Wilson neck and neck here? Lol.

35/yr for Dak is not the same as 33.5 for Goff.

Plus Goff's 4 year extension was essentially a 5 year deal anyway

 

[erod]

$48 million people year.

And there are suggestions circulating in Dallas that Jerry is having second thoughts on Dak since last season.

The conversations in house must be fascinating.

I'm becoming more convinced that he'll be playing in the tag this year, which would be great news.

Then again, I doubt this season even happens.

 

[xwalker]

Yes, they could opt out but it could be for reasons other then simply production. He could get seriously injured and that could be one hell of a bad deal for this kid. I don't think he plays out the contract. But hey, if you do, that's cool.

We need to see the details to know how the guarantees compare to other more traditional contracts.

Most contracts now have conditional guarantees (i.e. If on the roster in March 2023 then the 2024 salary is guaranteed). Even if the "total" guarantees are reported as a huge number, the details of the guarantees are very important.

 

[Sydla]

A point I've made about Dak is that, in my opinion, he would be willing to restructure at some point, like Romo and other QBs have done with their teams in the past. Some disagree with me saying the fact he is sticking to what he wants now suggests otherwise, but its very different once the commitment has been made

Willing? There's nothing "willing" about it. A restructure is largely an accounting trick, nothing else. Romo didn't take less money when the Cowboys restructured his deal, they just moved things around.......... he still got the same amount of money due to him under the contract.

So I am not sure where you are going with this with Dak. If he "restructures" his deal, it would be an accounting trick to create cap space, not a request for Dak to take less money.

I apologize if I am missing your point here.