Shocking Details on Mahomes Contract and Impact on Dak, Cowboys

T-RO · Jan 17, 2021

We are all butt-weary of talking Dak's contract. This household sure is. I just want to enjoy sports w/out the fuss. But money dictates a lot of sports success, whether we like it or not.

For your “dining pleasure” here are some surprising facts about Patrick Mahomes’ contract. KC's GM is truly a financial wizard. This kind of data absolutely impacts other QBs, including Mr. Prescott.

Shock #1
In 2020:
Mahomes made 10.8 million (cap dollars)
Prescott made 31.4 million (cap dollars)

Shock #2
If the Chiefs (for whatever reason) decide to move on from Mahomes after 2024, Patrick will have ‘only’ earned 34.5 million per year, and there will be ZERO dead cap. Chiefs will owe Patrick nada-zip-zero at that point.

Shock #3
Only in 2025, when Mahomes is 30, does serious money kick in, and *none* of that +30 money is guaranteed. So if Mahomes has a debilitating injury, has surprisingly declined, or the NFL salary cap hasn't risen dramatically as expected--the Chiefs can say, "We have eternal gratitude, but...."

Shock #4
If NFL revenues expand and Mahomes continues to thrive the Chiefs have total contractual control to keep Mahomes as a Chief...year by year... until Patrick is age 37. (Re-negotiation likely at some point if Chiefs desire)

Doubt it?
https://www.spotrac.com/nfl/kansas-city-chiefs/patrick-mahomes-21751/

I want Dak as a Cowboy, but *only* under terms that won't cripple the team. If Dak's agent wants $35 mil per year, I say: pound sand.

Flamma · Jan 17, 2021

What is shocking about #4?

What is shocking about #1? Mahomes is still on his rookie contract, Dak isn't.

Shock #2. You need to check the contract details at the bottom.

I didn't check the shocker that is #3. I'll take your word for it. But by that time he'll have enough money that we'll probably not see him going to the unemployment office.

Garddog · Jan 17, 2021

Ignorance must be bliss.

Read the details, 2025 is guaranteed on 3rd league day of 2023. So they can't get out in 2024 or 2025 scott free. Each year he stays adds more guarantees.

DFWJC · Jan 17, 2021

Thought we all knew that Mahomes deal was very team friendly, and that Dak was asking for more than Mahomes if just look at the next 4-5 year window.

Rockport · Jan 17, 2021

T-RO said:
We are all butt-weary of talking Dak's contract. This household sure is. I just want to enjoy sports w/out the fuss. But money dictates a lot of sports success, whether we like it or not.

For your “dining pleasure” here are some surprising facts about Patrick Mahomes’ contract. KC's GM is truly a financial wizard. This kind of data absolutely impacts other QBs, including Mr. Prescott.

Shock #1
In 2020:
Mahomes made 10.8 million (cap dollars)
Prescott made 31.4 million (cap dollars)

Shock #2
If the Chiefs (for whatever reason) decide to move on from Mahomes after 2024, Patrick will have ‘only’ earned 34.5 million per year, and there will be ZERO dead cap. Chiefs will owe Patrick nada-zip-zero at that point.

Shock #3
Only in 2025, when Mahomes is 30, does serious money kick in, and *none* of that +30 money is guaranteed. So if Mahomes has a debilitating injury, has surprisingly declined, or the NFL salary cap hasn't risen dramatically as expected--the Chiefs can say, "We have eternal gratitude, but...."

Shock #4
If NFL revenues expand and Mahomes continues to thrive the Chiefs have total contractual control to keep Mahomes as a Chief...year by year... until Patrick is age 37. (Re-negotiation likely at some point if Chiefs desire)

Doubt it?
https://www.spotrac.com/nfl/kansas-city-chiefs/patrick-mahomes-21751/

I want Dak as a Cowboy, but *only* under terms that won't cripple the team. If Dak's agent wants $35 mil per year, I say: pound sand.

The only way Dak’s salary has a cap hit of 35+ mill is if he’s tagged again. When he signs his cap hit will be way, way lower. The haters are too ignorant to realize this and or just use the average over the life of the contract including signing bonuses to further their hate.

HanD · Jan 17, 2021

Garddog said:
Ignorance must be bliss.zq

Read the details, 2025 is guaranteed on 3rd league day of 2023. So they can't get out in 2024 or 2025 scott free. Each year he stays adds more guarantees.

Yep, I missed this the first time when he signed as well. There are no outs without penalty since money gets guaranteed in advance by at least a year if not more.

CouchCoach · Jan 17, 2021

Shock #5 There is no connection between Mahomes contract and Prescott's and there won't be with Allen, Jackson or Mayfield either.

It is about the value of each specific QB to his team and their ability to work under the cap.

Your Shock #1 is irrelevant with a QB under the tag. Compare Prescott's 2019 salary with the other QB's.

Fla Cowpoke · Jan 17, 2021

Rockport said:
The only way Dak’s salary has a cap hit of 35+ mill is if he’s tagged again. When he signs his cap hit will be way, way lower. The haters are too ignorant to realize this and or just use the average over the life of the contract including signing bonuses to further their hate.

The cap hit wont be 35m for sure, but if Dak insists on 4 years at 35m average, there is only so many ways to reduce the hit. If you give him a 50m signing bonus, that is 12.5m each year. With 90 miliion still left to split up between 4 years. So maybe the first year is a 22.5m hit. That means the next three years will have to be. close to 40m.

DFWJC · Jan 17, 2021

Fla Cowpoke said:
The cap hit wont be 35m for sure, but if Dak insists on 4 years at 35m average, there is only so many ways to reduce the hit. If you give him a 50m signing bonus, that is 12.5m each year. With 90 miliion still left to split up between 4 years. So maybe the first year is a 22.5m hit. That means the next three years will have to be. close to 40m.

35 is much lower than he wants, I suspect.

But our points stll apply.

Two things make it tougher to manage the cap hit
1) it is a new deal instead of an extension off a cheaper deal
2) 4 years vs 5

Rockport · Jan 17, 2021

Fla Cowpoke said:
The cap hit wont be 35m for sure, but if Dak insists on 4 years at 35m average, there is only so many ways to reduce the hit. If you give him a 50m signing bonus, that is 12.5m each year. With 90 miliion still left to split up between 4 years. So maybe the first year is a 22.5m hit. That means the next three years will have to be. close to 40m.

That’s not true. Just look at Mahomes deal as an example. His cap hit for 2021 is 21.7 mill and 2022 it’s 27.4 mill. The next 2 years it’s about 34 mill. The salary cap will be higher then. And I’m sure after 4 years they will renegotiate. So this 40 mill cap hit everyone is whining about is fictional yet the haters use it to hate.

gjkoeppen · Jan 17, 2021

T-RO said:
We are all butt-weary of talking Dak's contract. This household sure is. I just want to enjoy sports w/out the fuss. But money dictates a lot of sports success, whether we like it or not.

For your “dining pleasure” here are some surprising facts about Patrick Mahomes’ contract. KC's GM is truly a financial wizard. This kind of data absolutely impacts other QBs, including Mr. Prescott.

Shock #1
In 2020:
Mahomes made 10.8 million (cap dollars)
Prescott made 31.4 million (cap dollars)

Shock #2
If the Chiefs (for whatever reason) decide to move on from Mahomes after 2024, Patrick will have ‘only’ earned 34.5 million per year, and there will be ZERO dead cap. Chiefs will owe Patrick nada-zip-zero at that point.

Shock #3
Only in 2025, when Mahomes is 30, does serious money kick in, and *none* of that +30 money is guaranteed. So if Mahomes has a debilitating injury, has surprisingly declined, or the NFL salary cap hasn't risen dramatically as expected--the Chiefs can say, "We have eternal gratitude, but...."

Shock #4
If NFL revenues expand and Mahomes continues to thrive the Chiefs have total contractual control to keep Mahomes as a Chief...year by year... until Patrick is age 37. (Re-negotiation likely at some point if Chiefs desire)

Doubt it?
https://www.spotrac.com/nfl/kansas-city-chiefs/patrick-mahomes-21751/

I want Dak as a Cowboy, but *only* under terms that won't cripple the team. If Dak's agent wants $35 mil per year, I say: pound sand.

First off this is old news. This was thoroughly discussed, whined about and argued about right after Mahomes signed that contract. Second, as you said if the chiefs for whatever reason decide to move on from Mahones and you give the salary that was paid up to then but conveniently left off that through the 2024 season the chiefs will have paid him 138 mil including all the bonus money that they paid. You pointed out his actual salary but fail to mention that in those years he got along with his salary 27 mil, 27 mil, 34 mil and 34.9 mil in roster bonuses that count against the cap so in actuality like 2024 Mahomes will make 40 mil. Mahomes could afford to be team friendly for the 1st couple of years when he stands to make 450 mil on the whole contract. Third, France kept demanding 40 mil a year and it was Prescott who in the last hour or so on July 15th, agreed to 35 mil. Unfortunately he and Jone couldn't get the length and guaranteed amounts done before time ran out. Most people that understand that market values go up every year and comparing this years to contracts signed years before with lower market values isn't adding apples to apples.
.
.

visionary · Jan 17, 2021

T-RO said:
We are all butt-weary of talking Dak's contract. This household sure is. I just want to enjoy sports w/out the fuss. But money dictates a lot of sports success, whether we like it or not.

For your “dining pleasure” here are some surprising facts about Patrick Mahomes’ contract. KC's GM is truly a financial wizard. This kind of data absolutely impacts other QBs, including Mr. Prescott.

Shock #1
In 2020:
Mahomes made 10.8 million (cap dollars)
Prescott made 31.4 million (cap dollars)

Shock #2
If the Chiefs (for whatever reason) decide to move on from Mahomes after 2024, Patrick will have ‘only’ earned 34.5 million per year, and there will be ZERO dead cap. Chiefs will owe Patrick nada-zip-zero at that point.

Shock #3
Only in 2025, when Mahomes is 30, does serious money kick in, and *none* of that +30 money is guaranteed. So if Mahomes has a debilitating injury, has surprisingly declined, or the NFL salary cap hasn't risen dramatically as expected--the Chiefs can say, "We have eternal gratitude, but...."

Shock #4
If NFL revenues expand and Mahomes continues to thrive the Chiefs have total contractual control to keep Mahomes as a Chief...year by year... until Patrick is age 37. (Re-negotiation likely at some point if Chiefs desire)

Doubt it?
https://www.spotrac.com/nfl/kansas-city-chiefs/patrick-mahomes-21751/

I want Dak as a Cowboy, but *only* under terms that won't cripple the team. If Dak's agent wants $35 mil per year, I say: pound sand.

this can’t be true can it?

here come the Dak homies

:muttley:

CowboyoWales · Jan 17, 2021

Rockport said:
The only way Dak’s salary has a cap hit of 35+ mill is if he’s tagged again. When he signs his cap hit will be way, way lower. The haters are too ignorant to realize this and or just use the average over the life of the contract including signing bonuses to further their hate.

This is not how some Dak Regardless fans see it at all. For how long are you predicting he plays for less than $35m CAP? How much is "way, way lower"?

Jake · Jan 17, 2021

Flamma said:
What is shocking about #1? Mahomes is still on his rookie contract, Dak isn't.

Patrick Mahomes signs the largest contract in the history of U.S. sports

big dog cowboy · Jan 17, 2021

CouchCoach said:
Shock #5 There is no connection between Mahomes contract and Prescott's and there won't be with Allen, Jackson or Mayfield either.

InTheZone · Jan 17, 2021

T-RO said:
We are all butt-weary of talking Dak's contract. This household sure is. I just want to enjoy sports w/out the fuss. But money dictates a lot of sports success, whether we like it or not.

For your “dining pleasure” here are some surprising facts about Patrick Mahomes’ contract. KC's GM is truly a financial wizard. This kind of data absolutely impacts other QBs, including Mr. Prescott.

Shock #1
In 2020:
Mahomes made 10.8 million (cap dollars)
Prescott made 31.4 million (cap dollars)

Shock #2
If the Chiefs (for whatever reason) decide to move on from Mahomes after 2024, Patrick will have ‘only’ earned 34.5 million per year, and there will be ZERO dead cap. Chiefs will owe Patrick nada-zip-zero at that point.

Shock #3
Only in 2025, when Mahomes is 30, does serious money kick in, and *none* of that +30 money is guaranteed. So if Mahomes has a debilitating injury, has surprisingly declined, or the NFL salary cap hasn't risen dramatically as expected--the Chiefs can say, "We have eternal gratitude, but...."

Shock #4
If NFL revenues expand and Mahomes continues to thrive the Chiefs have total contractual control to keep Mahomes as a Chief...year by year... until Patrick is age 37. (Re-negotiation likely at some point if Chiefs desire)

Doubt it?
https://www.spotrac.com/nfl/kansas-city-chiefs/patrick-mahomes-21751/

I want Dak as a Cowboy, but *only* under terms that won't cripple the team. If Dak's agent wants $35 mil per year, I say: pound sand.

Dak would never accept a team friendly deal like that. And it would very much suck to entertain the idea of keeping Dak that long

Turk · Jan 17, 2021

big dog cowboy said:

oh there is a tie all right. Anyone claiming otherwise is an idiot. Agents use other players contracts all the times in negotiations.

acr731 · Jan 17, 2021

T-RO said:
We are all butt-weary of talking Dak's contract. This household sure is. I just want to enjoy sports w/out the fuss. But money dictates a lot of sports success, whether we like it or not.

For your “dining pleasure” here are some surprising facts about Patrick Mahomes’ contract. KC's GM is truly a financial wizard. This kind of data absolutely impacts other QBs, including Mr. Prescott.

Shock #1
In 2020:
Mahomes made 10.8 million (cap dollars)
Prescott made 31.4 million (cap dollars)

Shock #2
If the Chiefs (for whatever reason) decide to move on from Mahomes after 2024, Patrick will have ‘only’ earned 34.5 million per year, and there will be ZERO dead cap. Chiefs will owe Patrick nada-zip-zero at that point.

Shock #3
Only in 2025, when Mahomes is 30, does serious money kick in, and *none* of that +30 money is guaranteed. So if Mahomes has a debilitating injury, has surprisingly declined, or the NFL salary cap hasn't risen dramatically as expected--the Chiefs can say, "We have eternal gratitude, but...."

Shock #4
If NFL revenues expand and Mahomes continues to thrive the Chiefs have total contractual control to keep Mahomes as a Chief...year by year... until Patrick is age 37. (Re-negotiation likely at some point if Chiefs desire)

Doubt it?
https://www.spotrac.com/nfl/kansas-city-chiefs/patrick-mahomes-21751/

I want Dak as a Cowboy, but *only* under terms that won't cripple the team. If Dak's agent wants $35 mil per year, I say: pound sand.

Isn't #1 already crippling the ability to build a decent team just a tad bit?

acr731 · Jan 17, 2021

Jake said:
Patrick Mahomes signs the largest contract in the history of U.S. sports

The Chiefs better hope they win another 2 or 3 super bowls starting now. Once the contracts of the support around him start expiring they won't be able to keep anyone due to the major cap hit this obscene contract for Mahomes will/has caused.

MarcusRock · Jan 17, 2021

Turk said:
oh there is a tie all right. Anyone claiming otherwise is an idiot. Agents use other players contracts all the times in negotiations.

Yes, the ones that benefit their clients. In this case, they'll use Watson's contract which was signed AFTER Mahommes'. Watson's contract shows that Dak was right to refuse the Cowboys' offer and will probably be used as a basis plus one year beyond. So he'll more than likely get much more than he was offered from an APY perspective. Bonuses and guarantees we'll see but he was lowballed on the guaranteed portion, that's for sure.

Shocking Details on Mahomes Contract and Impact on Dak, Cowboys

T-RO

Well-Known Member

Flamma

Well-Known Member

Garddog

Member

DFWJC

Well-Known Member

Rockport

AmberBeer

HanD

Well-Known Member

CouchCoach

Fla Cowpoke

Well-Known Member

DFWJC

Well-Known Member

Rockport

AmberBeer

gjkoeppen

Well-Known Member

visionary

Well-Known Member

CowboyoWales

Well-Known Member

Jake

Beyond tired of Jerry

big dog cowboy

THE BIG DOG

InTheZone

Well-Known Member

Turk

Well-Known Member

acr731

Jerry learned to GM from Pee Wee Herman

acr731

Jerry learned to GM from Pee Wee Herman

MarcusRock

Well-Known Member