Patrick Mahomes Given 10 Year Extension

Proximo

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I’m assuming you just laid under a rock the previous 2 seasons.

Correct me if I’m wrong, but I’m pretty sure Kaep never won a MVP or Super Bowl MVP either.

I was referring to Lamar Jackson - not Mahomes.

I am a believer in Mahomes, and was one after his second season. The difference between the two is Mahomes is excellent at throwing the ball, Lamar Jackson is excellent at running the ball. I don't believe in the long term viability of quarterbacks that are far better running than throwing.
 

Chris_Sanders

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I don't agree.

I think Mahomes is getting his contract at the peak. I think he and his agent agree, or they would not agree to a 10 year deal.

Here is why I say that.

Top Salary by year


2016 24,200,000
2017 24,500,000
2018 37,000,000 (We will ignore Garrapolo's front loaded deal and go with #2 so)
2019 30,700,000
2020 31,409,000

So in 5 years the top paid QB went up 7.2 million. You have to get to QB #7 to find someone making less than QB 1 just 5 years ago.

So that is a 22.3% increase.

At that existing rate, the QB Salary at the top will be $38,413,207. This is why the deal is really team friendly. Mahomes is just 24 years old and his average peak will be at age 28.

The largest drop in his performance would be age 34, right when this contract is up.

The Chefs just bought out his top earning years of 27 - 33.
 

Raindog

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I get why the Chiefs had to do this. For a few years, it may even seem pretty smart.

But by the end of it, I predict everyone will be pointing to this as why it's a bad idea to give out long term guaranteed contracts in football.
 

Mainstreet

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If Mahomes is an elite player it's a good signing. This is how the contract will be judged.
 

Dr. Jones

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Ha Josh McCown.

Honestly..... + or minus 5 million...... It's still a deal. The dude is truly magnificent. And even better than that when his back is up against the wall.
 

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I wouldn't either, but I'm not making those decisions. Baltimore might have to in order to keep him.
That's the insanity of sports and why frankly with the political platform significance added to the mix... I could really care less to invest too much into what I used to luv a lot
 

Mainstreet

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I tend to do that with 24 year old players. Probably should have worded it differently. Mahomes looks like the real deal based on what he has accomplished. I like to grade players over a career.
 

Ouchie-Z-Clown

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Pay now or you pay more later. Some teams just work smarter than others. Genius deal by the Chiefs.
It is really interesting. The only downsides (and they’re potentially considerable) is if he gets injured or there’s some unforeseen ebb with the NFL. I mean, 10 years can see a lot of change (not predicting this, but 10 years is . . . well . . . a decade).
 

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A quarter BILLION guaranteed. Mike Trout got 400m guaranteed but it’s far more unlikely his career ends early due to injury. This is a great deal for both sides.
I hear what you’re saying, but great, mostly pocket passing QBs usually have very long NFL careers. It’s not like Mahommes is Vick, RGIII etc. Freak injuries happen, but I fully expect he will play 13+ years
 

BullheadCardFan

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The preliminary Patrick Mahomes contract details

It’s a twelve-year deal with a base value of $477.631 million. It averages, at signing, $39.8 million per year.

The deal includes a fairly paltry, given the supposed magnitude of the deal, signing bonus of $10 million. The cash breakdown, regardless of guarantees or “guarantee mechanisms” (whatever those are), is as follows:

1. In 2020: $10.825 million.

2. In 2021: $22.8 million (base salary of $990,000, roster bonus of $21.7 million, and workout bonus of $100,000 in 2021).

3. In 2022: $29.45 million (base salary of $1.5 million, roster bonus of $27.4 million, and workout bonus of $550,000 in 2022).

4. In 2023: $40.45 million (base salary of $5.5 million, roster bonus of $34.4 million, and workout bonus of $550,000 in 2023).

5. In 2024: $37.95 million (base salary of $2.5 million, roster bonus of $34.9 million, and workout bonus of $550,000 in 2024).

6. In 2025: $41.95 million (base salary of $2.5 million, roster bonus of $38.9 million, and workout bonus of $550,000 in 2025).

7. In 2026: $41.95 million (base salary of $2.5 million, roster bonus of $38.9 million, and workout bonus of $550,000 in 2026).

8. In 2027: $59.95 million (base salary of $10 million, roster bonus of $49.4 million, and workout bonus of $550,000 in 2027).

9. In 2028: $44.45 million (base salary of $13 million, roster bonus of $30.9 million, and workout bonus of $550,000 in 2028).

9. In 2029: $44.95 million (base salary of $20.5 million, roster bonus of $23.9 million, and workout bonus of $550,000 in 2029).

10. In 2030: $50.45 million (base salary of $27 million, roster bonus of $22.9 million, and workout bonus of $550,000 in 2030).

11. In 2031: $52.45 million (base salary of $38 million, roster bonus of $13.9 million, and workout bonus of $550,000 in 2028).

The deal also includes up to $2.5 million in unspecified incentives per year from 2022 through 2031, resulting in another $25 million that can be earned, pushing the maximum possible value of the twelve-year deal to $502.631 million.

In the first two years, Mahomes will earn $33.361 million. Through the first three years, Mahomes will earn $63.08 million. Through the first four years, Mahomes will earn $103.53 million. By way of comparison, Titans quarterback Ryan Tannehill will earn $118 million over the next four years — and he won’t be tied to his team for another eight seasons.

Given that Mahomes already was due to earn $27.63 million over the next two years, it’s a 10-year, $450 million extension. That’s $45 million per year in new money. While that pushes the market up by $10 million per year, it ties Mahomes to the Chiefs for the next 12 years, and during that time the market likely will catch and surpass the Mahomes numbers. Although it’s easy to say “the Chiefs will take care of him,” they’re not required to do anything than what the current contract requires them to do for the next 12 years.

With, per multiple reports, only $63 million fully guaranteed at signing, it’s a pay-as-you-go deal for the Chiefs, who surely will want to keep Mahomes for the next 12 years, especially as the market and salary cap grow and the deal looks more and more like a steal for the Chiefs, if Mahomes keeps playing like he has for his first two years as a starter.
 

TaylorSwift

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This is going to allow the Chiefs to build around him.

I am betting he is a top 2-3 qb in 10 years time anyway
 

Proximo

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Here is why I say that.

Top Salary by year


2016 24,200,000
2017 24,500,000
2018 37,000,000 (We will ignore Garrapolo's front loaded deal and go with #2 so)
2019 30,700,000
2020 31,409,000

So in 5 years the top paid QB went up 7.2 million. You have to get to QB #7 to find someone making less than QB 1 just 5 years ago.

So that is a 22.3% increase.

At that existing rate, the QB Salary at the top will be $38,413,207. This is why the deal is really team friendly. Mahomes is just 24 years old and his average peak will be at age 28.

The largest drop in his performance would be age 34, right when this contract is up.

The Chefs just bought out his top earning years of 27 - 33.

I understand why you are saying it, you think the last 5 years are indicative of what the next 5 years will be like.

I don't agree, because I believe NFL revenue is most likely going to be decreasing over the next 5 years.
 

Chopper0080

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I get why the Chiefs had to do this. For a few years, it may even seem pretty smart.

But by the end of it, I predict everyone will be pointing to this as why it's a bad idea to give out long term guaranteed contracts in football.
The most important position in football. The most protected position in football. A position that can play longer than most other positions on the field. A very calculated risk.
 

mjb21aztd

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He definitely deserves it such an amazing qb!!! Very entertaining to watch

Hope Murray is worthy of this kind of extension in future
 

Jetstream Green

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The length of this contract really does not mean diddly squat. I doubt this contract will last even four years before it's adjusted. One, the least likely he starts to suck and they have to eat some serious dead cap space ( I will not bring up injury because that is just pure bad juju for the young man), or two the most likely someone else gets paid more seasonal salary and he wants a new contract... which I hope Kyler warrants being that guy :)
 
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