With a need for some extra spending money, Kansas City is making a trip to the Bank of Mahomes this offseason.
As the Kansas City Chiefs’ offseason continues, general manager Brett Veach and company are getting creative in how salary cap space is being manufactured. This time around, the assist comes from quarterback Patrick Mahomes.
Per a report from Adam Schefter of ESPN, Kansas City is restructuring Mahomes’s contract. In the process, they’ll gain $21.6 million in cap relief.
Prior to the restructure, Mahomes carried a $9.85M base salary for the 2024 league year. That figure was accompanied by a $12.86M prorated signing bonus, $34.9M roster bonus and a cap number of $58.6M. Last year, Kansas City “restructured his agreement” by giving Mahomes an increase in cash over the 2023, 2024, 2025 and 2026 seasons. Spotrac reports that $27M of Mahomes’s 2024 roster bonus was converted into a signing bonus.
Back in September, I wrote about the revised Mahomes deal on Arrowhead Report and the benefits it provided for both sides:
All in all, this is a hat-tip from the Chiefs to their star quarterback. With that said, it’s also one that comes with a serious plus for the team as well. For Mahomes, he’s getting more money up front and the original expectation that he will be a Chief for years and years to come remains. (Both sides could simply iron out a new extension in 2026.) For Kansas City, the roster bonus deadline getting moved back a couple of months helps provide more clarity and flexibility in offseason decision-making. Veach and his staff have been creative in their contract structures as of late — including defensive tackle Chris Jones’s deal — and this is yet another example of that.
Before the news of Mahomes’s restructure, estimates for Kansas City’s available cap space varied. While a few educated guesses indicated the team may get through to the start of the new league year on Wednesday in the clear, not everyone was in that boat. Salary cap sites such as OverTheCap (and Spotrac) had the Chiefs in the negative. With this newfound salary space, Wednesday’s 4:00 p.m. ET deadline doesn’t appear to be a problem anymore for the back-to-back reigning champs.
News
ESPN announces Jason Kelce’s hiring. He will be part of the ‘Monday Night Football’ pregame show
NEW YORK (AP) – Jason Kelce is officially a member of ESPN´s “Monday Night Countdown” team. ESPN announced Kelce had signed a multiyear agreement on Tuesday during a presentation to advertisers in New York. He will also be a part…
In the Monday Night Football pregame, ESPN officially adds Jason Kelce, replacing Robert Griffin III
Jason Kelce is officially going to be a part of football fans’ Monday nights this fall. ESPN officially announced the signing of the recently retired Eagles center Tuesday to a multiyear contract to serve as an NFL analyst for the network’s “Monday…
Jason Kelce Tells Disney Forthright Group That He Is So delighted to Join “Monday Night Cracking Football!
Jason Kelce, who retired earlier this year after 13 years with the NFL‘s Philadelphia Eagles, told the crowd at Disney‘s upfront how pumped he is to be joining “Monday Night Freakin’ Football!” While he kept his shirt on (unlike last January, when…
Jason Kelce Confirms Major Career Move That Will Have Football Fans Rejoicing
Jason Kelce officially confirmed he will join ESPN for its “Monday Night Countdown” pregame show during the 2024 NFL season. The big news was announced at the Disney Advertising Upfront in New York City on Tuesday, May 14. As Kelce…
Fаme’ѕ Hіdden Toll: Jаѕon Kelсe’ѕ Revelаtіonѕ Shаke the Celebrіty World
Jаѕon Kelсe іѕ one of the moѕt beloved аthleteѕ іn Phіlаdelрhіа ѕрortѕ hіѕtory. Aѕ the longtіme сenter for the Eаgleѕ, he hаѕ аnсhored the offenѕіve lіne аnd helрed leаd the teаm to theіr fіrѕt Suрer Bowl vісtory іn 2017. But…
Video Jason Kelce hilariously gatecrashes an NFL meeting, trolling commissioner Roger Goodell over the schedule release.
Jason Kelce hilariously gatecrashed an NFL meeting to Commissioner Roger Goodell’s delight. In a video posted by the New Heights X account, Kelce walked in unannounced as Goodell held a meeting in what appears to be the NFL headquarters in New York…
End of content
No more pages to load