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Mahomes Yearly Cap Hit - Breakdown
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CowboyRoy
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Mahomes will not be getting anything close to 45 million per year. This is basically a 6 year deal for 180 million dollars. That comes to 30 million per year. In 2027 is when the numbers start to get stupid and they sign a new contract at that time.
CowboyRoy
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No...……….this is basically a 6 year 180 million dollar contract. Chiefs will restructure in 2027 when things get stupid. Or a year before.
JW82
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Looks crazy now, but if the cap is double what it is today, it might be a bargain.
blueblood70
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so he be making less then Dak if dak gets what the DC offered him and on a 4/5 year deal given PMs AAV the first 5 years.. So technically Mahomes gave the chiefs a team friendly deal that after 5 years before 38/49mil bonus' is due he could be cut so its structured very well for the chiefs..
Hey dak wake up see what a superstar elite athlete has done on and off the field for his team..yet you hold pout for a Dak deal..
jterrell
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the key parts:
His guarantees are built-in.
He's already met the bar for his incentives so they are "likely to be earned" in contract vernacular.
Contract Notes:
His guarantees are built-in.
He's already met the bar for his incentives so they are "likely to be earned" in contract vernacular.
Contract Notes:
- $63M guaranteed at signing (signing bonus + 2020 salary + 2021 salary + 2021 roster bonus + 2022 salary + 2022 roster bonus)
- 2023 salary & roster bonus + workout bonus fully guarantee on the 3rd league of 2021 ($100M of total dead cap)
- 2024 salary & roster bonus + workout bonus fully guarantee on the 3rd league day of 2022 ($113.3M of total dead cap)
- 2025 roster bonus + workout bonus fully guarantees on the 3rd league day of 2023 ($121.3M of total dead cap)
- 2025 salary + workout bonus fully guarantees on the 3rd league day of 2024 ($81.9M of total dead cap)
- 2026 roster bonus fully guarantees on the 3rd league day of 2025 ($80.85M of total dead cap)
- 2026 salary + workout bonus , 2027 roster bonus fully guarantee on the 3rd league day of 2026 ($91.35M of total dead cap)
- 2027 salary + workout bonus + 2028 salary + 2028 roster bonus fully guarantee on the 3rd league of 2027 ($55M of total dead cap)
- 2029 salary + workout bonus & 2029 roster bonus fully guarantee on the 3rd league day of 2028 ($89.4M of total dead cap)
- 2030 salary & 2030 roster bonus fully guarantee on the 3rd league day of 2029 ($94.85M of total dead cap)
- 2031 roster bonus fully guarantee on the 3rd league day of 2030 ($63.8M of total dead cap)
- 2031 base salary fully guarantees on the 3rd league day of 2031 ($51.9M of total dead cap)
- 2022-2031: $2.5 million incentives ($1.25 million winning AFC Champ Game $1.25 million NFL MVP)
- No Trade Clause
Proof
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I don't know, most QB's see the bulk if not more than the original amount of money. Think about it, the cap has gone up every years since 2010, just go look it up. It's as obvious as the nose on your face. This year because of Covid is why there is even any concern of the cap doing down next year as the team revenues could be impacted as games could be cancelled and the gate at the stadium will be zero. At the end of the day, no team will lose any money, no team will lose any money! NFL owners never lose money. Take a piece of masking tape and put in our mirror.
They would not get into this business and become legacy owners if it wasn't a lucrative business. The owners in the NFL have a 52/48 revenue split advantage, no matter what the owners get more.
Having said all that, i don't think we should pay Dak what he is asking for.. I am not some illogical owner hater...
There is only one Mahomes in the league and he is the clear tier 1 guy. There are two outcomes of this deal.
The overall QB contract for Dak, Lamar, Watson, eventually Darnold, Tua, Mayfield, etc, etc have gone up, but the one great part is the next contract wont be higher than Mahomes deal as those guys cannot ask for 50 million because they are not Mahomes. A new high bar has been set and these other guys dont qualify.
none of that matters. There hasn’t been a contract line this before in the NFL. The fact it’s tied to roster bonuses and backloaded and in certain cases extremely so, definitely makes it less certs in he will see it all. Dude literally popped his knee out of socket less than a yr ago. Assuming he’ll definitely get 60 million in 2027 is optimistic at best.
DandyDon52
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I would have to agree with you, not much G money, and such a long contract .
However this could keep QB salarys down, or keep them from escalating .
If your as good as mahomes 45 mil is the market price , and if your not then you have to settle for less
than that,.
Qcard
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Look above at the dumb reasoning by @blueblood70
But in the real World.....
The Chiefs are the smart organization that extended Patrick Mahomes contract with 2 years left on the deal.....giving themselves a team friendly deal....
Imagine if Jerry had given Dak $28M per year in 2018 Off-season....
Idiotic thinking by blaming Dak for future or present CAP is a Dak Hater trademark @blueblood70
Qcard
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jterrell
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No, that money becomes FULLY GTD TWO years earlier.
conner01
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That may be hard because it’s so back loaded
But they have very smart people work these deals so who knows
It does look like the owners expect the cap to soar in the future
dckid
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Yes I agree this deal is definitely very team friendly as there is not an outrageous signing bonus, its only 10 million. The thing is the deal is also good for Mahomes. Go read the spottrac fine print. The deal is guaranteed, 63 million at signing, which is yesterday. ( all the money for 20, 21 & 22). But then the 2023 salary of 40 million gets guaranteed on the third league day of 2021 (next March)... interesting, then the 2024 salary of another 40 million gets guaranteed on the third league day of 2022, same with 2025 and the years going forward.
Lee Steinberg is not stupid, neither is Mahomes or the Chiefs. I fully expect a renegotiation starting 2023 so the cap figures keep going down. They will pay him a ridiculous bonus and spread his cap number over the next 7/8 years. Probably 125 million bonus spread over 8 years and a lower salary.
Basically if he is on the roster the next two years, 80 million more guaranteed.
If Mahomes is healthy he will see all that money.
DFWJC
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that is friendly
TheMarathonContinues
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That's friendly to the point I don't even know why Mahomes signed that. Its friendly to the point I don't even think it has any effect on Dak or Watson's deals......
DFWJC
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It's Brady-like....to some degree
He wants to always have a good roster around him but still be an amazingly rich man.
The Pats used the money for oline and defesne
I do agree that's it's a different approach. But he is getting very long term stability and won't be worrying or hassled with contract stuff for long time.
Cemented himself into the hearts of all Chiefs fans
But it's not some massive
Dak will still get his...if it's in the 34-35/year range.
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blueblood70
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most likely THEY TURN IT DOWN.ITS DAK AND HIS AGENT NOT THE DC FO..SORRY BUT USE THE WORD DUMB WHILE LOOKING IN THE MIRROR..YOU DO NOT KNOW DAK WOULD HAVE TAKEN THAT...
however id have been happy after year 3 and and TWO AFCCG appearances and SB win and RS MVP and SB MVP from Dak to dump a deal on him.. we saw year 3 dak...None of us were convinced with how special Dak was , mahomes is SPECIAL DAK IS NOT
gimmesix
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I like the structure of it. The Chiefs are going to have to pay him big money in roster bonuses to keep him around, but aren't handicapped by fully guaranteed money if they choose not to keep him. The benefit for Mahomes is if he's playing at the same high level, either he gets rewarded for it by KC or they decide not to pay his roster bonus and he gets a big deal elsewhere. 2023 will be the first test of that since that's when his contract escalates.
Throw out the first year (because of restructuring), but if Dak would do four to five years similar to years 2-6 for Mahomes, that would be palatable. Maybe reverse the 2023 and 2024 amounts so that we get a third year before it hits $40 million, and all his fully guaranteed money would be out of the way. (Essentially, you could cut him the third year and save cap space, though.)
Kingofholland
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That's probably when they re-sign to an extension guarantee more money and spread out the cap hit.
cowboygo
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exactly. if there's no playoff success, and all the fully guaranteed money is out of the way, we can bounce and reset the position.