Patrick Mahomes is restructuring his contract with the Kansas City Chiefs, creating an additional $21.6 million in salary-cap space for the team. This move is part of the Chiefs' strategy to aim for a historic three-peat in the NFL. The restructuring involves converting $27M of Mahomes' $34.9 million roster bonus for 2024 into a signing bonus, as reported by multiple sources. This financial maneuver is expected to provide the much-needed cap space for the Chiefs, aligning with their ambitious goals for the upcoming seasons. Mahomes' upcoming cap hits are projected to be $37M for 2024, $66.2M for 2025, and $68.6M for 2026.
The #Chiefs converted $27M of Patrick Mahomes 2024 roster bonus into signing bonus, freeing up $21.6M of space for the upcoming season. Upcoming Mahomes Cap Hits 2024: $37M 2025: $66.2M 2026: $68.6M https://t.co/V1o1b6GmuX
The #Chiefs converted $27M of Patrick Mahomes 2024 roster bonus into signing bonus, freeing up $21.6M of space for the upcoming season. Upcoming Mahomes' Cap Hits 2024: $37M 2025: $66.2M 2026: $68.6M https://t.co/V1o1b6GmuX
Report: Chiefs rework Patrick Mahomesβ contract to create $21.6 million in cap space. https://t.co/GCPh7JAR9o
By my math, this would indicate the Chiefs converted $27 million of the $34.9 million roster bonus Patrick Mahomes hsa for 2024. Much needed cap space the Chiefs have tapped into as expected. https://t.co/o2uE0M5KnF
Patrick Mahomes will be restructuring his contract to create $21.6 million worth of salary-cap space, per @AdamSchefter. https://t.co/WJICEzr6Ms
Patrick Mahomes is restructuring his contract to create $21.6M in cap space for KC, per @adamschefter Chiefs are gearing up for the 3-peat πππ https://t.co/GOKvJSmfZG
Mahomes is indeed restructuring his contract ahead of the official start of free agency, source says. It will create more than $20 million in cap space for the Chiefs. This has been expected as @NFLonCBS reported Super Bowl week. https://t.co/MulxgXcoyv
QB Patrick Mahomes will be restructuring his contract to create an additional $21.6M in salary-cap space for the Chiefs, per @AdamSchefter. #KCSN | #ChiefsKingdom https://t.co/tFLo5LkjDE
Patrick Mahomes is restructuring his contract to give the Chiefs an extra $21.6 million in cap space, per @AdamSchefter https://t.co/eJHHdHyjxM
ππ₯πππππ‘π: Patrick Mahomes is restructuring his contract to create nearly $22 million in cap space for the #Chiefs, per @AdamSchefter The Chiefs might start spending. Chiefs are aiming for a three-peat https://t.co/sNJ0z4f6ri
Patrick Mahomes will be restructuring his contract to create an additional $21.6 million worth of salary-cap space for the Chiefs as they aim to become the first NFL team to three-peat, per league sources. https://t.co/PxpJ5j8ZPj