10 year contract extension for Mahomes worth $500 million

rocyaice said:

I don’t get these type of posts. Are people suggesting Dak is Mahomes?

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I am probably going to block you again. Top 5 most annoying posters on here. My point was clear.

rocyaice said:

But you are aware that’s not how free agency works right?

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I’m also aware the Rams extended Goff early in the season at a record number and he completely was mediocre. You can overpay for garbage and the market can be over-valued. It doesn’t mean you have to pay that rate...

Sydla said:

Again, it's clear Dak wants a 4 year contract so he can hit FA again and get a new signing bonus and more guaranteed money. By asking for $45MM in that last year (paid in cash that year), he's putting Dallas in a lose-lose situation. Either Dallas says that's too rich, gives him a 4 year contract and Dak gets what he wanted all along. Or......... Dallas does that (they wouldn't but for arguments sake let's say they do) and now Dak either gets paid a crap ton of cash in 2024, or Dallas is forced to sign him to an extension to restructure the cap hit that last year (which for all intents and purposes would be like giving Dak a 4 year contract begin with) or Dallas cuts him before they are on the hook for $45MM in the 5th year and Dak gets to hit FA after 4 years, which is what he wants all along.

Dak is basically saying that he'll give the Cowboys that 5th year but it will be very painful for them and very lucrative for himself.

Dallas would never sign him to a contract with that structure because it defeats the purposes of adding that 5th year anyway.

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You are absolutely right about this sentence. Again, that extra year is valuable.

Dak got paid $26mm less than Wentz or Goff...what is his reward for this? He gets to hit free agency an extra year sooner than they.

Wentz and Goff got paid $26mm more than Dak...what is the cost of this? They have to wait an extra year prior to hitting free agency.

That is the trade-off.

Dallas apparently wants...the extra year AND to not pay for it...that is not how the real world works.

And Dallas, honestly, should have thought of how to structure Dak into a 4 year deal a long time ago if they were not going to give him an incentive to sign a 5 year deal. That is a Dallas problem and not a Dak problem. Just like it was a Dak problem that he was the 77th highest paid player at his position for the better part of 4 years...I don't remember Dallas trying to "help" Dak then...don't expect Dak to "help" Dallas out now.

Howboutdemcowboys31 said:

So we can go get him in 2031. Sweet

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And then the Bucs could sign him 10 years after that.

Let's not continue being dumb and sign him longterm before Watson (this year) and Jackson (next year)

Going how 2020 has gone this half of the year, it wouldn't have surprised me if it was a trillion.

Manwiththeplan said:

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

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No, not really.

For starters, Mahomes 10 year extension makes it 12 years.
Just using standard escalators puts Mahomes in the 35 range to start.....and he is way better than Dak

Adreme said:

By what basis are you saying the 5th year deal would cost 45m in cash that year? I can cite logical precedence and historical ones as well as a common sense basis on why Dak would not want to torpedo his own teams cap situation going into free agency (hint you do not want a bad year before hitting FA), plus the things Dak has said publicly seem to run counter to that notion. So taking all that into account and knowing that there is no rational reason for him to even propose a scenario where he would likely have a worse year in the 5th year before hitting FA why do you seem so sure that it is in cash? Based on what do you believe that this is true?

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The basis is the originator of the report, Chris Simms who said this:

"He wants a four-year deal. If they do agree to a five-year deal, they would like a really big number at the end of that fifth year to cover their butts for what the market might be at the position five years from now. And I've heard he's asking for somewhere like north of $45 million in that fifth year.''

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And it makes sense if you realize his goal is to cash a major check in 2024 one way or the other. We have no idea if the report is accurate (I tend to suspect it is not), but for the sake of this discussion, if we assume it's true, it makes perfect sense from the Dak camp to ask for a massive payday in that 5th year.

In the end, there is no way Dallas would sign him to a 5 year contract with a big pay day at the end. It defeats the purposes of signing him to a 5 year contract to begin with.

Wait, the Cowboys weren’t trying to help Dak as he floundered around in mediocrity for the most glamorous job in all of sports?

https://247sports.com/nfl/dallas-co...at-Dak-friendly-offense-looks-like-114783670/

https://www.cbssports.com/nfl/news/...the-league-necessarily-needs-a-no-1-receiver/

jterrell said:

Dak isn't getting half the Pat deal.
He's not topping 200M in guarantees and he's not hitting 250M total.

The issue is where he falls BELOW PM and we've all known it was likely going to be right at or over Russ. Now with Pat dwarfing all other deals this likely resets market upward for all young starting QBs.

Tannehill got 29.5M for a half season of good play... Dak was always going to get paid well above that.
It's just that now the Cowboys bickering over the 5th year at 45M seems fruitless.
In 5 years that will likely be average starting QB pay.

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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’m really envious of the Chiefs ownership, Mgmt, coaching and QB. What a great time to be a Chiefs fan.

They are the first franchise from Dallas to win a league championship and have maintained the same Hunt family ownership. Great organization!!

Goodnight sweet prince. Just franchise Dak year to year.

Dak and agent have been dealing based on old model of nfl contract negotiations. Same for the front office. But imo, the mahomes deal reflects an entirely new and creative way of think insofar as qb negotiations are concerned. I wonder if dak and company will now counter with a new proposal. I must admit to being bamboozled by the Mahomey deal. Innovative solutions.

DFWJC said:

This contract equates to about 12 years 40/yr
Assuming escalating salaries after 2021, that PRESENT VALUE is more like a 5 year deal at 34-35/yr.....or what Dallas is offering Dak.

And Mahomes >>> Dak

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

DFWJC said:

No, not really.

For starters, Mahomes 10 year extension makes it 12 years.
Just using standard escalators puts Mahomes in the 35 range to start.....and he is way better than Dak

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Lol. Dak money deniers are going to try to minimize this to the hilt. If you can find me one article that surmises this contract and says, "Yeah this is just a tinge more than Russell Wilson got when you compare" then I'll believe you.

I think Dak's getting around $37M per year at least. Hope respirators aren't on shortage then.

DFWJC said:

No, not really.

For starters, Mahomes 10 year extension makes it 12 years.
Just using standard escalators puts Mahomes in the 35 range to start.....and he is way better than Dak

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"League sources told ESPN's Adam Schefter that the deal is worth $450 million over the 10-year period, and could be worth up to $503 million."

While you may be proven right once we see the structure of the contract, as of now, the Shefter is reporting that the 10 year extension, which starts in 2022 and runs through 2031 is worth $450 million. I *think* his 2020 and 2021 salaries remain unchanged.

Wow. Thats some coin. Wonder what # is the signing bonus.
And what causes are in the deal.

Sydla said:

The media report that started this from Simms........... he said that what he heard was Dak wanted a really big number in that 5th year.

And it makes sense if you realize his goal is to cash a major check in 2024 one way or the other.

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Except it does not because if the Cowboys give him that he is set up to fail right before FA in 2025. No matter what view you have of Dak it makes no rational sense for him to demand cash in the last year (which is why players typically do not stress about the cap structure of contracts and leave that to the owners while they care about guarantees and bonuses).

If Dak is selfish and only in it for the money, he is not going to offer a deal that puts him in a situation to fail in the 5th year and then hit FA with his value lowered.

If Dak is a competitor he is not going to basically tank the team for a year and play for no chance of winning.

If Dak is a team player he is not going to put himself in a situation where the team is broken up and none of the team is returning.

Basically none of the ideas of what Dak could be interested in fit the narrative of him demanding 45 million in cash in the 5th year because if the Cowboys say yes then it would contrary to any view you have of Dak.

So if you look at it from that perspective and you realize that the source that told Simms was almost certainly a Cowboys source, then you understand that he wanted 45 million in that 5th year and does not care how he gets it (like literally every other NFL contract and player in the game who only care about what they get and not the structure).

Well, Dak, this how a real man does a deal.

With a payout of $477.6 million over the next 12 seasons, Mahomes will have the largest contract in American professional sports.

Thats 39.8 million over 12 years. Let’s just call it 40 million.