10 year contract extension for Mahomes worth $500 million

ABQCOWBOY · Jul 6, 2020

OK, I'm out of here. Corso, make sure you guys don't start the curtains on fire.

Be well everybody!

Adreme · Jul 6, 2020

ABQCOWBOY said:
You would think but see, the 5th year is not the goal. Seriously, the idea that Dak would sign a long term deal like the one Mahomes just did is not believable to me. He doesn't want to sign anything longer then 4 years. That's why CAA is making it impossible to do a 5th year.

Except if he is getting the equivalent of 45 million in that 5th year then he would have no reason to care.

Saying I will do 4 years for 148 but for 5 years it needs to be 193 and I do not care how you structure it is probably accurate. He still gets the money he wants (aka the end goal) and when the team likely leaked it they did as saying he wanted 45 million in the 5th year (technically true but misleading).

khiladi · Jul 6, 2020

If anything, the Goff extension deal should tell you that the contracts are a mistake and Dak shouldn’t get paid that much. Goff is in Dak mediocrity territory and the sole reason they lost the SB. At least Goff has the excuse of an average rushing attack, especially since Gurley’s injury.

Sydla · Jul 6, 2020

Adreme said:
In terms of having him sure, but not in terms of AAV and guarantees. The only way that factors into the equation is in terms of the leverage it gives the team. When negotiating to get more than Wentz or Goff, those two years on the rookie deal mean nothing.

But AAV doesn't really matter to a front office. AAV is just an average that has nothing to do with cap hits, guaranteed money, etc.

reddyuta · Jul 6, 2020

mama mia!! guessed 300 million in guaranteed money and i was way off.

conner01 · Jul 6, 2020

ABQCOWBOY said:
Over time it will but I see the cap being highly managed over the next two or three years, to be honest.

I think the league will have to step in an support it
No doubt it has to be less revenue this year which would lower cap next year
But the implications of a lower cap would do so much harm I think the league will have to atleast keep it the same as it is this year
A falling cap, even for one year could devastate some teams

dckid · Jul 6, 2020

Hawkeye0202 said:

No problem paying Mahomes that contract. He is that good. The Hunt family will not lose any money, they will actually make money and the franchise value will go up.

Adreme · Jul 6, 2020

Sydla said:
What execs? NFL front office execs?

Yes. When GMs and agents are negotiating and looking at other deals they are not looking at "the other 2 years" they are looking at new money.

Now this deal is VERY different, but if Dak signed a 5 year deal for 200 million, then neither Watson's agent nor the team would be thinking "well to match that because of the 2 years left we need to sign you to a 5 year extension worth 253 million."

jterrell · Jul 6, 2020

ABQCOWBOY said:
Yawn.

At least you didn't lie in this post.

Sydla · Jul 6, 2020

ABQCOWBOY said:
You would think but see, the 5th year is not the goal. Seriously, the idea that Dak would sign a long term deal like the one Mahomes just did is not believable to me. He doesn't want to sign anything longer then 4 years. That's why CAA is making it impossible to do a 5th year.

Exactly. Dak and his agent want Dak to hit FA after the 4th year. By asking for $45MM in cash in that 5th year, he's basically forcing Dallas to cut him and send him to FA (or Dallas extends prior to the start of the 5th year) or simply pay him that $45MM in the 5th year, which would be a massive chunk of change, and then he can cash in the following year. He's basically putting Dallas in a lose-lose situation.

Adreme · Jul 6, 2020

conner01 said:
I think the league will have to step in an support it
No doubt it has to be less revenue this year which would lower cap next year
But the implications of a lower cap would do so much harm I think the league will have to atleast keep it the same as it is this year
A falling cap, even for one year could devastate some teams

Fun fact the CBA has a mechanism in place specifically for an event such as this causing a drastic drop in revenue that states that if such a situation occurs the union and the owners will negotiate a solution and that solution would likely involve borrowing against future cap hikes to keep it even next year.

Manwiththeplan · Jul 6, 2020

And this is why everyone who didn't want to extend Dak *last year* was an idiot. And then most of that grouped doubled down on the idiocy. We tried to tell you, this had to get done before Mahomes or else Dak's price would go up. $35 million in now a bargain and we are likely looking at $37-$38 million

Sydla · Jul 6, 2020

Adreme said:
It would make no rational sense for him to want 45 million ONLY in that year rather than just have that average push it up. Any agent who did that would be fired. Common sense says he would gladly take it as added to the signing bonus to push the average for the years up. I suspect whoever leaked that number did it in that way to try and make it sound worse than it was.

Yes it would make sense if you knew what their end goal was.

ItzKelz · Jul 6, 2020

Jerry Jones hearing Daks agents new demands.....

ChuckA1 · Jul 6, 2020

OmerV said:
It certainly defeats the argument that Dak was looking for elite money. The Mahomes deal is what elite looks like. What Dak Has reportedly asked for, and what Goff, Wentz and Cousins got before, does Not look like an elite range now.

Respectfully, I don't think anyone anticipated the amount of money in the Mahomes' contract. I thought $38-40 million was elite money, and quite frankly, it was until this contract was announced.

If the CAP doesn't increase like recently anticipated, KC could find themselves in CAP trouble big time!

Whyjerry · Jul 6, 2020

I like Dak a lot but he is not Mahomes. Mahomes should be the highest paid player in the league. Premium position. Young. He is one of the best today and projects to get even better.

Adreme · Jul 6, 2020

Sydla said:
Yes it would make sense if you knew what their end goal was.

No it wouldnt. The mistake you are making is forgetting who the likely source of information is and not taking into account their agenda. There are only two inside sources on contract negotiations between two parties and they are representatives of both parties who both have an agenda. Now that story was very clearly leaked by someone on the Cowboy's side with an agenda. So when you hear it helps to assume that is maybe half true and not all true. As in the number is likely right on what it would cost to get him to a 5th year (after all that is likely what he would want in FA), but dishonest about how he wants it structured.

Sydla · Jul 6, 2020

Adreme said:
Yes. When GMs and agents are negotiating and looking at other deals they are not looking at "the other 2 years" they are looking at new money.

Now this deal is VERY different, but if Dak signed a 5 year deal for 200 million, then neither Watson's agent nor the team would be thinking "well to match that because of the 2 years left we need to sign you to a 5 year extension worth 253 million."

Explain your last paragraph.

DCBoysfan · Jul 6, 2020

reddyuta · Jul 6, 2020

this will jack up Daks contract way up,Jerry needs to just pull off the band aid and agree for a 4 year deal.

10 year contract extension for Mahomes worth $500 million

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