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Chiefs sign Mahomes to 10 year extension

Saquads26 : 7/6/2020 2:58 pm
Per Schefter

Chiefs and QB Patrick Mahomes have reached agreement on a 10-year -- 10-year! -- contract extension that ties him to Kansas City through the 2031 season, league sources tell ESPN.
He's about to blow away all the QB contracts  
Dave in Hoboken : 7/6/2020 3:01 pm : link
of the past.
RE: He's about to blow away all the QB contracts  
Saquads26 : 7/6/2020 3:02 pm : link
In comment 14929367 Dave in Hoboken said:
Quote:
of the past.


Yep I can’t wait to see this...
Dude is going to win multiple MVPs  
SFGFNCGiantsFan : 7/6/2020 3:02 pm : link
& Super Bowls. They're the next Patriots. People will hate them in a year or two.
Assuming $30M per year minimum  
figgy2989 : 7/6/2020 3:02 pm : link
Damn, a $300M+ Contract. Never thought I would see the day where a football contract could rival some of these baseball deals.
I wish Go Terps was around for this one.....  
Britt in VA : 7/6/2020 3:03 pm : link
Would be highly entertaining.

I don't have an opinion one way or the other, would like to see these numbers.
I mean he deserves it  
BigBlueDownTheShore : 7/6/2020 3:03 pm : link
He’s going to be the best QB in the league for a long time. Better to lock him up long term now.
RE: Dude is going to win multiple MVPs  
Dave in Hoboken : 7/6/2020 3:04 pm : link
In comment 14929370 SFGFNCGiantsFan said:
Quote:
& Super Bowls. They're the next Patriots. People will hate them in a year or two.


Probably. I wonder how many MVPs and championships he wins?
RE: I wish Go Terps was around for this one.....  
figgy2989 : 7/6/2020 3:04 pm : link
In comment 14929374 Britt in VA said:
Quote:
Would be highly entertaining.

I don't have an opinion one way or the other, would like to see these numbers.


You mean, wait out his Rookie deal, trade him for a couple of firsts and reload?
*how many MORE MVPs and championships he wins.  
Dave in Hoboken : 7/6/2020 3:04 pm : link
.
RE: RE: I wish Go Terps was around for this one.....  
Britt in VA : 7/6/2020 3:05 pm : link
In comment 14929377 figgy2989 said:
Quote:
In comment 14929374 Britt in VA said:


Quote:


Would be highly entertaining.

I don't have an opinion one way or the other, would like to see these numbers.



You mean, wait out his Rookie deal, trade him for a couple of firsts and reload?


If I recall correctly, it was just let him walk into Free Agency, but yeah, trading him for assets might have been an option too.
How soon  
JayBinQueens : 7/6/2020 3:05 pm : link
until Dak says he's unhappy again
No matter what the number is you will be able to say  
Blue Dream : 7/6/2020 3:06 pm : link
That he is worth every godamn penny. A rare thing to say when one of these deals gets announced.
My guess is 350 million total value minimum  
ron mexico : 7/6/2020 3:06 pm : link
Wouldn’t be surprised if it closer to 400 million

Damn
Mahomes would’ve been a legend anywhere  
bceagle05 : 7/6/2020 3:07 pm : link
but he couldn’t have asked for a better landing spot. Stable historic franchise, HOF coach, great talent around him, great homefield advantage, weak division. As bright a future as maybe anyone’s ever had.
RE: Assuming $30M per year minimum  
Eli Wilson : 7/6/2020 3:07 pm : link
In comment 14929372 figgy2989 said:
Quote:
Damn, a $300M+ Contract. Never thought I would see the day where a football contract could rival some of these baseball deals.


I was thinking closer to $400MM
RE: Mahomes would’ve been a legend anywhere  
Britt in VA : 7/6/2020 3:08 pm : link
In comment 14929386 bceagle05 said:
Quote:
but he couldn’t have asked for a better landing spot. Stable historic franchise, HOF coach, great talent around him, great homefield advantage, weak division. As bright a future as maybe anyone’s ever had.


His future is bright. But let's learn from Andrew Luck and know that nothing is certain.
RE: RE: Assuming $30M per year minimum  
figgy2989 : 7/6/2020 3:10 pm : link
In comment 14929387 Eli Wilson said:
Quote:
In comment 14929372 figgy2989 said:


Quote:


Damn, a $300M+ Contract. Never thought I would see the day where a football contract could rival some of these baseball deals.



I was thinking closer to $400MM


Could very well be, a 10 year extension for him now means he will only be 35 when the contract is up. Seeing how the league is protecting QB's these days, you can very well see him still playing at a very high level well into his 30's.

Who knows what the numbers will be, but at the same time, you have to think Mahomes is OK with the security of a long term deal. He wants to win Super Bowls, so unsure he would want to put the Chiefs into a cap crippling type deal.
RE: RE: Assuming $30M per year minimum  
robbieballs2003 : 7/6/2020 3:13 pm : link
In comment 14929387 Eli Wilson said:
Quote:
In comment 14929372 figgy2989 said:


Quote:


Damn, a $300M+ Contract. Never thought I would see the day where a football contract could rival some of these baseball deals.



I was thinking closer to $400MM


Yeah. 30 per year for Mahomes? No effin way.
Sorry, just read Schefter's follow up  
figgy2989 : 7/6/2020 3:15 pm : link
He had two years left on his current deal, so the 10 is added to the existing deal, meaning 12 years total. He will be 37 in the final season of the contract.
I bet it beats what the NYY just gave Gerritt Cole  
90.Cal : 7/6/2020 3:17 pm : link
Crazy but not crazy. Cole got 9 years; $324 million. My guess is Mahomes gets 10 years; 400 million with the first 5 years and $200 mil guaranteed.
The guaranteed will be interesting  
UConn4523 : 7/6/2020 3:18 pm : link
the top QBs get 75/80% of the total value guaranteed but I can’t see it being that high on a 10 year deal, there has to be a discount somewhere for the Chiefs.
you can sign a 30 year deal in the NFL guaranteed money is what counts  
larryflower37 : 7/6/2020 3:19 pm : link
interested to see sign bonus and guaranteed money.
RE: The guaranteed will be interesting  
figgy2989 : 7/6/2020 3:19 pm : link
In comment 14929395 UConn4523 said:
Quote:
the top QBs get 75/80% of the total value guaranteed but I can’t see it being that high on a 10 year deal, there has to be a discount somewhere for the Chiefs.


Exactly.
RE: you can sign a 30 year deal in the NFL guaranteed money is what counts  
UConn4523 : 7/6/2020 3:21 pm : link
In comment 14929396 larryflower37 said:
Quote:
interested to see sign bonus and guaranteed money.


Of course but for the top QBs it’s a given the guarantees are high. That disclaimer is for the JAGs. But the 10 year deal is pretty unprecedented and he’s giving up his right to get another contract so he’s still going to be paid handsomely.
How Long?  
Frbuff : 7/6/2020 3:21 pm : link
Before we hear from Jamal Adams? Hearing a player getting a huge contract extension should drive him nuts!!
RE: How Long?  
Dave in Hoboken : 7/6/2020 3:25 pm : link
In comment 14929399 Frbuff said:
Quote:
Before we hear from Jamal Adams? Hearing a player getting a huge contract extension should drive him nuts!!


He's a Safety. Jobber position compared to a QB.
There is a reason they don't give out 10 year deals in the NFL....  
Britt in VA : 7/6/2020 3:25 pm : link
I'd be curious to see all of the options/outs the Chiefs have as the contract progresses.
Considering Adams bitches every other day on social  
SFGFNCGiantsFan : 7/6/2020 3:26 pm : link
media, I'd say not long.
I usually say that no one is worth these salaries ...  
Spider56 : 7/6/2020 3:29 pm : link
and I’ll say it again ... but Patrick and Russell are the 2 best QBs in the business and deserve the most money ... 2 young, classy guys that are easy to root for. Maybe DJ gets there 1 day too.
RE: RE: RE: Assuming $30M per year minimum  
Saquads26 : 7/6/2020 3:33 pm : link
In comment 14929392 robbieballs2003 said:
Quote:
In comment 14929387 Eli Wilson said:


Quote:


In comment 14929372 figgy2989 said:


Quote:


Damn, a $300M+ Contract. Never thought I would see the day where a football contract could rival some of these baseball deals.



I was thinking closer to $400MM



Yeah. 30 per year for Mahomes? No effin way.


You’re insane. There are multiples QBs worse than him making over $30M a year
He was saying 30 million per was too LOW.  
Britt in VA : 7/6/2020 3:36 pm : link
.
RE: He was saying 30 million per was too LOW.  
Saquads26 : 7/6/2020 3:38 pm : link
In comment 14929407 Britt in VA said:
Quote:
.


My bad! Apologies. Yeah with inflation should be closer to $40M a year. But as always it’s the structure and guarantees that matter more than the annual value.
Man, if the Bears could redo that pick!!!  
MOOPS : 7/6/2020 3:39 pm : link
RE: Man, if the Bears could redo that pick!!!  
Saquads26 : 7/6/2020 3:41 pm : link
In comment 14929411 MOOPS said:
Quote:


Looking at the top 10 that year multiple teams are kicking themselves.
Salary cap around $200m  
jestersdead : 7/6/2020 3:42 pm : link
If you are allocating 1/5 of that to one player, you will start to lose the talent around him and your team won't be as successful. They probably have a 2-3 year window
North of 400  
Chip : 7/6/2020 3:47 pm : link
with incentives could be close to 500 mil. The guaranteed money might be the better question.150 guaranteed who knows. Something this large can be structured many ways. The language will be the key
I have no clue.  
robbieballs2003 : 7/6/2020 3:55 pm : link
I am just running through shit in my head but on the surface this doesn't make much sense for either side. I'm sure there will come a point in time when Mahomes will not be happy with this contract. It seems to happen often and over 10 years it seems like a guarantee. On the flip side if he suffers a career ending injury the KC is FUCKED.

So, what makes sense for both? Has a player option ever been done in the NFL? Maybe this is a 5 year deal with a 5 year player option on top of it? It would have to protect KC against injury somehow if it were a player option. Does KC have room to front load the contract with roster bonuses as guaranteed money? Base salary guarantees make sense too. Signing bonus? It can't be crazy because that'll handcuff KC with that contract. It'll be interesting to see how it is structured.
Actually may be the only contract on an Elite player  
LBH15 : 7/6/2020 4:01 pm : link
that has made any sense in the past few years.


Wow....  
Britt in VA : 7/6/2020 4:04 pm : link
Quote:
Jason La Canfora
@JasonLaCanfora
·
6m
Patrick Mahones 10 year extension, first reported by ESPN, will be guided by a mechanism that ensures the QBs annual salary never drops below certain cap thresholds, I'm told. Will always be above a certain % of the cap
Getting 200mil with an additional 200mil salary  
George from PA : 7/6/2020 4:04 pm : link
The kid is set for life...good for him.

I suspect this pushes Dak $$$$ up
And...  
Britt in VA : 7/6/2020 4:05 pm : link
Quote:
Adam Schefter
@AdamSchefter
· 12m
There are no official numbers on Patrick Mahomes' 10-year extension just yet, but multiple sources believe it ultimately will be tied to a percentage of the salary cap for each season. The higher the cap goes, the more Mahomes will make.


Quote:
Adam Schefter
@AdamSchefter
·
7m
The interesting part is, the Chiefs have been adamant that they would not tie a new Patrick Mahomes' deal to percentage of the cap. So this is going to be interesting to see the deal's final structure.
RE: Dude is going to win multiple MVPs  
BestFeature : 7/6/2020 4:07 pm : link
In comment 14929370 SFGFNCGiantsFan said:
Quote:
& Super Bowls. They're the next Patriots. People will hate them in a year or two.


Much rather watch a fun team like them be a dynasty than the Pats who are like the Spurs of the NFL.
.  
Dave in Hoboken : 7/6/2020 4:08 pm : link
Bleacher Report
@BleacherReport
·
2m
Patrick Mahomes' 10-year extension is worth $400M+, per
@AdamSchefter


Four Hundred Million Exploding head
I actually think this is dumb of the Chiefs, at the very least for....  
Britt in VA : 7/6/2020 4:12 pm : link
doing this right now.

With the future uncertain, AND with Mahomes still having two remaining years on his current deal... Why now?
Amazing talent and seems  
Lines of Scrimmage : 7/6/2020 4:12 pm : link
like a great guy. Congrats.

As others said he is in a great place. Andy will protect him and give him weapons. The defense......we'll see.
RE: .  
Saquads26 : 7/6/2020 4:17 pm : link
In comment 14929434 Dave in Hoboken said:
Quote:
Bleacher Report
@BleacherReport
·
2m
Patrick Mahomes' 10-year extension is worth $400M+, per
@AdamSchefter


Four Hundred Million Exploding head


OK what are the guarantees though
RE: I actually think this is dumb of the Chiefs, at the very least for....  
UConn4523 : 7/6/2020 4:17 pm : link
In comment 14929438 Britt in VA said:
Quote:
doing this right now.

With the future uncertain, AND with Mahomes still having two remaining years on his current deal... Why now?


Because he earned it, and he’s the best at the position. I think a lot of fans get hung up on team makeup and don’t put enough stock in off the field value of which Mahomes value is also apparent but harder to quantify.

If we are just talking football it’s probably a deal that bites them eventually but they are going to get a ton of value out of it on and off the field.
It's nice to be in the time period where our QB  
Dave in Hoboken : 7/6/2020 4:17 pm : link
isn't making a ton of money for the next few years. Enjoy it while it lasts. We waited awhile for it.
RE: RE: I actually think this is dumb of the Chiefs, at the very least for....  
Britt in VA : 7/6/2020 4:19 pm : link
In comment 14929443 UConn4523 said:
Quote:
In comment 14929438 Britt in VA said:


Quote:


doing this right now.

With the future uncertain, AND with Mahomes still having two remaining years on his current deal... Why now?



Because he earned it, and he’s the best at the position. I think a lot of fans get hung up on team makeup and don’t put enough stock in off the field value of which Mahomes value is also apparent but harder to quantify.

If we are just talking football it’s probably a deal that bites them eventually but they are going to get a ton of value out of it on and off the field.


It's not the parameters of the deal that I'm taking the issue with, it's the timing of it. I mean, there's a good chance there isn't an NFL season this year.

Why not shelve this deal, since Mahomes isn't a Free Agent or anything after this season (whether there is one or not) until next offseason when you know if there will be a consistent season or not?
RE: Dude is going to win multiple MVPs  
MetsAreBack : 7/6/2020 4:21 pm : link
In comment 14929370 SFGFNCGiantsFan said:
Quote:
& Super Bowls. They're the next Patriots. People will hate them in a year or two.


Great player, but I'll bet the under on this. We won't see a "next Patriots" again in our lifetimes.
LMFAO  
NINEster : 7/6/2020 4:23 pm : link
if the APY and guaranteed money is greater than or equal to what you'd expect from two 5 year contracts.

Details should be very interesting.

Not sure any QB in the NFL could be worth a ten year extension.


RE: RE: Dude is going to win multiple MVPs  
Saquads26 : 7/6/2020 4:26 pm : link
In comment 14929446 MetsAreBack said:
Quote:
In comment 14929370 SFGFNCGiantsFan said:


Quote:


& Super Bowls. They're the next Patriots. People will hate them in a year or two.



Great player, but I'll bet the under on this. We won't see a "next Patriots" again in our lifetimes.


Yep Reid is still the coach lol
It's $400 Million  
M.S. : 7/6/2020 4:28 pm : link
Patrick Mahomes agrees to 10-year extension with Chiefs, reportedly worth over $400 million

Link - ( New Window )
.  
Danny Kanell : 7/6/2020 4:36 pm : link
He's worth every penny.
RE: LMFAO  
Jay on the Island : 7/6/2020 4:37 pm : link
In comment 14929450 NINEster said:
Quote:
if the APY and guaranteed money is greater than or equal to what you'd expect from two 5 year contracts.

Details should be very interesting.

Not sure any QB in the NFL could be worth a ten year extension.


Why? He's only 24 and the best QB in football. The 49ers gave Jimmy Garoppolo a 5 year 137.5 million dollar contract after just 7 career starts. I don't recall you criticizing that deal.
Food for thought  
robbieballs2003 : 7/6/2020 4:53 pm : link
.
Link - ( New Window )
RE: LMFAO  
YAJ2112 : 7/6/2020 5:03 pm : link
In comment 14929450 NINEster said:
Quote:
if the APY and guaranteed money is greater than or equal to what you'd expect from two 5 year contracts.

Details should be very interesting.

Not sure any QB in the NFL could be worth a ten year extension.



Why are you here again? Nobody cares about your 49ers loveblind hot takes other than to mock them.
10 years  
cokeduplt : 7/6/2020 5:12 pm : link
Is risky, hopefully he doesn’t get hurt
RE: RE: Dude is going to win multiple MVPs  
NINEster : 7/6/2020 5:12 pm : link
In comment 14929433 BestFeature said:
Quote:
In comment 14929370 SFGFNCGiantsFan said:


Quote:


& Super Bowls. They're the next Patriots. People will hate them in a year or two.



Much rather watch a fun team like them be a dynasty than the Pats who are like the Spurs of the NFL.


KC is a very good team because of how they're constructed, more so than Mahomes is the greatest QB to ever play the game.

They've done a good job building a roster to have as many fast guys as possible to challenge defenses with a very unique talent in Tyreek Hill to boot.

Now with the cap space getting eaten up it will be interesting to see how the Chiefs adapt.

They trailed significantly in 3 postseason games, all wins perhaps, but still.
RE: Dude is going to win multiple MVPs  
Big Blue '56 : 7/6/2020 5:15 pm : link
In comment 14929370 SFGFNCGiantsFan said:
Quote:
& Super Bowls. They're the next Patriots. People will hate them in a year or two.


He’ll be lucky to get back to another SB. I like Reid, but he’s no Belichick. Everyone thought Marino would get back to several SBs. Never did. You need MORE than talent to get back there
RE: RE: LMFAO  
NINEster : 7/6/2020 5:16 pm : link
In comment 14929483 YAJ2112 said:
Quote:
In comment 14929450 NINEster said:


Quote:


if the APY and guaranteed money is greater than or equal to what you'd expect from two 5 year contracts.

Details should be very interesting.

Not sure any QB in the NFL could be worth a ten year extension.





Why are you here again? Nobody cares about your 49ers loveblind hot takes other than to mock them.


Who said anything about the Niners?

And fuck off if you can't come with it.
RE: RE: LMFAO  
NINEster : 7/6/2020 5:27 pm : link
In comment 14929465 Jay on the Island said:
Quote:
In comment 14929450 NINEster said:


Quote:


if the APY and guaranteed money is greater than or equal to what you'd expect from two 5 year contracts.

Details should be very interesting.

Not sure any QB in the NFL could be worth a ten year extension.




Why? He's only 24 and the best QB in football. The 49ers gave Jimmy Garoppolo a 5 year 137.5 million dollar contract after just 7 career starts. I don't recall you criticizing that deal.


Well look at what he did with a 1-10 football team on top of a good resume in limited action with KC.

You either bet on him being a franchise guy or not, and with the cap space the team had it was easy to front load the squad.

The contract was up, so either a big extension had to be made or you go franchise tag. There wasn't luxury of another season, and I'm 99.99% sure they wouldn't have extended him any earlier than they had to if they had an extra season.

As far as what he's done so far, I think it speaks for itself. Winning percentage best of all starters since 2017. He's won with scrubs and won with elite players, with no knowledge of playbook, with very good knowledge.

Now his APY is barely top 10 going forward and the cap will increase in coming years. His next contract will correlate to how good he is at that point.

So yeah, tons to criticize. Far far riskier than paying Kirk Cousins, Dak Prescott, or a bunch of other guys who will be lucky to play in a SB.
RE: RE: RE: LMFAO  
Jay on the Island : 7/6/2020 5:39 pm : link
In comment 14929499 NINEster said:
Quote:

Well look at what he did with a 1-10 football team on top of a good resume in limited action with KC.

You either bet on him being a franchise guy or not, and with the cap space the team had it was easy to front load the squad.

The contract was up, so either a big extension had to be made or you go franchise tag. There wasn't luxury of another season, and I'm 99.99% sure they wouldn't have extended him any earlier than they had to if they had an extra season.

As far as what he's done so far, I think it speaks for itself. Winning percentage best of all starters since 2017. He's won with scrubs and won with elite players, with no knowledge of playbook, with very good knowledge.

Now his APY is barely top 10 going forward and the cap will increase in coming years. His next contract will correlate to how good he is at that point.

So yeah, tons to criticize. Far far riskier than paying Kirk Cousins, Dak Prescott, or a bunch of other guys who will be lucky to play in a SB.

Weird, I made no mention of either Cousins or Prescott I was talking about Mahomes. I laughed at the contract the Vikings gave Cousins and I hope the Cowboys give Prescott 35+ million per season.

You’ve proven your bias by applauding Garoppolo’s contract while laughing at Mahomes who is only 24 and has just won his first Super Bowl. He has been the best QB in the NFL over the past two years.
In 5 years Mahomes will likely  
Jay on the Island : 7/6/2020 5:41 pm : link
Not be in the top 5 highest paid QB’s in football. That’s how these deals work.
Britt  
UConn4523 : 7/6/2020 5:43 pm : link
not really sure I follow, why not get a deal done now? If they don’t play they don’t play, and if anything the Chiefs would pay more if they wait. For Mahomes he gets his security locked in and if he gets a huge signing bonus he can roll that all into investments and make a fortune off interest instead of waiting.

I need to see the parameters but this is probably a good deal for both sides.
$450 million  
bronxct1 : 7/6/2020 5:47 pm : link
$450 million, $470 million including the last 2 years of his current deal. Dude got paid and once the cap starts rising this will end up being ok for KC
RE: $450 million  
robbieballs2003 : 7/6/2020 5:50 pm : link
In comment 14929510 bronxct1 said:
Quote:
$450 million, $470 million including the last 2 years of his current deal. Dude got paid and once the cap starts rising this will end up being ok for KC


There were rumors that it was directly tied to the cap. Is that not true?
RE: RE: $450 million  
BigBlueShock : 7/6/2020 5:51 pm : link
In comment 14929512 robbieballs2003 said:
Quote:
In comment 14929510 bronxct1 said:


Quote:


$450 million, $470 million including the last 2 years of his current deal. Dude got paid and once the cap starts rising this will end up being ok for KC



There were rumors that it was directly tied to the cap. Is that not true?

Apparently those rumors were false
RE: RE: $450 million  
bronxct1 : 7/6/2020 5:51 pm : link
In comment 14929512 robbieballs2003 said:
Quote:
In comment 14929510 bronxct1 said:


Quote:


$450 million, $470 million including the last 2 years of his current deal. Dude got paid and once the cap starts rising this will end up being ok for KC



There were rumors that it was directly tied to the cap. Is that not true?


It’s not tied to the cap, Schefter tweeted an update with those numbers.
RE: RE: Dude is going to win multiple MVPs  
MookGiants : 7/6/2020 5:58 pm : link
In comment 14929494 Big Blue '56 said:
Quote:
In comment 14929370 SFGFNCGiantsFan said:


Quote:


& Super Bowls. They're the next Patriots. People will hate them in a year or two.



He’ll be lucky to get back to another SB. I like Reid, but he’s no Belichick. Everyone thought Marino would get back to several SBs. Never did. You need MORE than talent to get back there


He'll be lucky to get back to another SB?

He was a defensive holding away from getting to the super bowl in his first year starting. Won it in his 2nd year starting.

Maybe he wont get back to another, but it's certainly not going to take luck for him to get to another one.
RE: RE: RE: Dude is going to win multiple MVPs  
Big Blue '56 : 7/6/2020 6:06 pm : link
In comment 14929517 MookGiants said:
Quote:
In comment 14929494 Big Blue '56 said:


Quote:


In comment 14929370 SFGFNCGiantsFan said:


Quote:


& Super Bowls. They're the next Patriots. People will hate them in a year or two.



He’ll be lucky to get back to another SB. I like Reid, but he’s no Belichick. Everyone thought Marino would get back to several SBs. Never did. You need MORE than talent to get back there



He'll be lucky to get back to another SB?

He was a defensive holding away from getting to the super bowl in his first year starting. Won it in his 2nd year starting.

Maybe he wont get back to another, but it's certainly not going to take luck for him to get to another one.


Fortunate, if not lucky. There are many teams through the years that were thisclose to getting back to a SB. Brees never got back. Rodgers never got back. Bad calls, miscues are part of the game, that’s why it’s so difficult to return..No guarantee great QBs ever return.

He might get back. He certainly has the talent to do a lot of carrying on his back. STILL, so much can go wrong, even if he’s not at fault.

The Statement was made that he’ll have several SBs and MVPs in the coming years. I simply opined that there’s no certainty of that. Lots can happen to derail.
I bet the guar is over 200 mill  
adamg : 7/6/2020 6:18 pm : link
Interesting move. KC is keeping their guy.
He's the best QB in the league right now.  
Dave in Hoboken : 7/6/2020 6:18 pm : link
.
from ian rapoport  
Anando : 7/6/2020 6:19 pm : link
Ian Rapoport
@RapSheet
The #Chiefs and QB Patrick Mahomes have agreed to terms on a 10-year extension worth $503 million, sources tell me and
@TomPelissero
. He gets $477M in guarantee mechanisms and gives the ability for Mahomes to have outs if the guarantee mechanisms aren’t exercised. No trade clause
Guaranteed money is relevant  
WillieYoung : 7/6/2020 6:20 pm : link
only if you want to cut the player. Who thinks Mahones gets cut> STFU about guaranteed money. Can anyone tell me how much guaranteed money Eli got under his deals with the Giants? No one because it never mattered. Nahomes is on an entirely different level, absent injury (which if I understand the articles gets him $140 Million) he's going to get every penny of that money. More likely he renegotiates a better contract after 5 years, than he gets cut.
RE: from ian rapoport  
Saquads26 : 7/6/2020 6:21 pm : link
In comment 14929535 Anando said:
Quote:
Ian Rapoport
@RapSheet
The #Chiefs and QB Patrick Mahomes have agreed to terms on a 10-year extension worth $503 million, sources tell me and
@TomPelissero
. He gets $477M in guarantee mechanisms and gives the ability for Mahomes to have outs if the guarantee mechanisms aren’t exercised. No trade clause


🤭
Is there a difference between injury guar and just plain guar?  
adamg : 7/6/2020 6:21 pm : link

Adam Schefter
@AdamSchefter
·
1h
Compensation update: Patrick Mahomes’ 10-year extension is worth $450 million, sources tell ESPN.

The injury guarantee is $140 million, per source.

The contract does not contain language that ties its value to a percentage of the salary cap.

Richest deal in sports’ history.
DAMN, that's alot of money.  
Dave in Hoboken : 7/6/2020 6:23 pm : link
But for a QB who is only 23 or 24 has won a SB and an MVP award this early in their career and is healthy; it's well deserved. As long as this deal isn't tied to the cap, which it isn't, it's fine. And as someone above said, the next time a franchise QB's contract comes up, Mahomes will no longer be the highest paid QB, which is crazy to think considering the money in this deal, but this is where it's headed.
RE: Guaranteed money is relevant  
adamg : 7/6/2020 6:25 pm : link
In comment 14929536 WillieYoung said:
Quote:
only if you want to cut the player. Who thinks Mahones gets cut> STFU about guaranteed money. Can anyone tell me how much guaranteed money Eli got under his deals with the Giants? No one because it never mattered. Nahomes is on an entirely different level, absent injury (which if I understand the articles gets him $140 Million) he's going to get every penny of that money. More likely he renegotiates a better contract after 5 years, than he gets cut.


No. It's relevant to the risk the team is taking on a ten year contract/bet. If he blows out both his knees 140 guarantee is a lot better than 275. Most teams don't like to lose 100 mill on a losing bet.
So how does Mahomes contract effect Dak’s negotiations  
Rick in Dallas : 7/6/2020 6:40 pm : link
Only 9 days to go before he plays on the tag. It has been really quiet down here in Dallas with regards to his contract negotiations. Does he get his 4 year deal at $34M annually.
Good for Mahomes who if he stays healthy will probably win multiple MVP’s and SB’s
As awesome as Mahomes is  
robbieballs2003 : 7/6/2020 7:40 pm : link
it has never happened where a player taking up more than like 12% of the cap ever won a super bowl. I'm sure it'll happen at some point but look at Aaron Rodgers. He should have more than 1 SB. The odds are just stacked against them in general without the salary cap. But when you add that in it is near impossible.
robbie  
SFGFNCGiantsFan : 7/6/2020 7:44 pm : link
I had that convo with my cousin a few months back: between Favre & Rodgers, doesn't it feel like the Packers should have more than 2 titles since '91? I get winning titles is obviously hard & it's a team sport, but those guys are all time great QBs.
We had the Great Train Robbery  
ghost718 : 7/6/2020 7:45 pm : link
1963

DB Cooper,1971
Lufthansa Heist,1978

and now

Patrick Mahomes,2020

Hard to believe anyone playing this current version of football is worth that much.
This should prolong the impasse between  
Phil in LA : 7/6/2020 7:50 pm : link
Dak and the Cowboys.
Yeah, the same things being said about Mahomes  
robbieballs2003 : 7/6/2020 8:12 pm : link
were the exact same things said about Rodgers. It definitely feels like he should have more than one super bowl.
RE: RE: RE: Dude is going to win multiple MVPs  
NINEster : 7/6/2020 8:14 pm : link
In comment 14929517 MookGiants said:
Quote:
In comment 14929494 Big Blue '56 said:


Quote:


In comment 14929370 SFGFNCGiantsFan said:


Quote:


& Super Bowls. They're the next Patriots. People will hate them in a year or two.



He’ll be lucky to get back to another SB. I like Reid, but he’s no Belichick. Everyone thought Marino would get back to several SBs. Never did. You need MORE than talent to get back there



He'll be lucky to get back to another SB?

He was a defensive holding away from getting to the super bowl in his first year starting. Won it in his 2nd year starting.

Maybe he wont get back to another, but it's certainly not going to take luck for him to get to another one.


He was also a missed defensive hold from being in an unlikely position to mount a comeback.

And with this humongous contract? My god, nobody could have predicted $500MM with a serious face.

Obviously none of us have a crystal ball...  
SFGFNCGiantsFan : 7/6/2020 8:20 pm : link
But I'd put $ on Mahomes getting back to another Super Bowl before it's all said & done. Maybe my 'They're the next Pats' comment was a little hyperbole because NE's run of excellence will be nearly impossible to repeat, but KC isn't going anywhere anytime soon. If there's a season, they're the clear favorites in the AFC, with Baltimore being a notch below.
RE: RE: RE: RE: LMFAO  
NINEster : 7/6/2020 8:21 pm : link
In comment 14929506 Jay on the Island said:
Quote:
In comment 14929499 NINEster said:


Quote:



Well look at what he did with a 1-10 football team on top of a good resume in limited action with KC.

You either bet on him being a franchise guy or not, and with the cap space the team had it was easy to front load the squad.

The contract was up, so either a big extension had to be made or you go franchise tag. There wasn't luxury of another season, and I'm 99.99% sure they wouldn't have extended him any earlier than they had to if they had an extra season.

As far as what he's done so far, I think it speaks for itself. Winning percentage best of all starters since 2017. He's won with scrubs and won with elite players, with no knowledge of playbook, with very good knowledge.

Now his APY is barely top 10 going forward and the cap will increase in coming years. His next contract will correlate to how good he is at that point.

So yeah, tons to criticize. Far far riskier than paying Kirk Cousins, Dak Prescott, or a bunch of other guys who will be lucky to play in a SB.


Weird, I made no mention of either Cousins or Prescott I was talking about Mahomes. I laughed at the contract the Vikings gave Cousins and I hope the Cowboys give Prescott 35+ million per season.

You’ve proven your bias by applauding Garoppolo’s contract while laughing at Mahomes who is only 24 and has just won his first Super Bowl. He has been the best QB in the NFL over the past two years.


It's a great system with great talent, fast receivers who can get open.

Just like Seattle, it's a team built on the continuous home run threat that will keep attacking until something cracks.

Both offenses are less effective as standard move the ball types. 2011 Saints type offense was ridiculous because every inch of the field was under constant duress.

But now you've seen the Seahawks without Lynch, and soon we'll see Mahomes without the best offensive supporting cast in the league.

Meanwhile we've seen Garoppolo in the Super Bowl making far more than either of them did in their respective Super Bowl appearances. Wilson since getting paid has been an exciting regular season QB, and a nail biter for the wildcard/divisional rounds since 2015. Hasn't even had a 13 win season either.

I guess Kyle Shanahan must be the GOAT for taking a 2-14 team to the Bowl in 3 years with a shit QB.



...  
SFGFNCGiantsFan : 7/6/2020 8:24 pm : link
Why, in God's name, does a 49ers fan post on a Giants fan message board? Isn't there like a 49ers Interactive board to post on?
RE: We had the Great Train Robbery  
90.Cal : 7/6/2020 8:56 pm : link
In comment 14929583 ghost718 said:
Quote:
1963

DB Cooper,1971
Lufthansa Heist,1978

and now

Patrick Mahomes,2020

Hard to believe anyone playing this current version of football is worth that much.


No one except Pat Mahomes...
Years 5-10 will probably look like a bargain  
eric2425ny : 7/6/2020 9:48 pm : link
As the QB market continues to soar. Biggest risk is that he stays healthy. But unlike baseball or basketball these contracts aren’t fully guaranteed.
RE: .  
djm : 7/6/2020 11:08 pm : link
In comment 14929460 Danny Kanell said:
Quote:
He's worth every penny.


Yep he’s worth double that too.
Chiefs, Patrick Mahomes agree to 10-year, $503M extension  
M.S. : 7/7/2020 6:21 am : link

"...with $477 million in guarantee mechanisms which gives Mahomes the ability to have outs if the mechanisms are not exercised, NFL Network Insider Ian Rapoport and NFL Network's Tom Pelissero reported."

Not too shabby.

Link - ( New Window )
sorry  
Hilary : 7/7/2020 6:31 am : link
Terrible contract.Too much money for one player.Too many years for any sport but particularly for football.
RE: sorry  
cjac : 7/7/2020 6:53 am : link
In comment 14929662 Hilary said:
Quote:
Terrible contract.Too much money for one player.Too many years for any sport but particularly for football.


yeah i'm jealous too
RE: Dude is going to win multiple MVPs  
Victor in CT : 7/7/2020 8:21 am : link
In comment 14929370 SFGFNCGiantsFan said:
Quote:
& Super Bowls. They're the next Patriots. People will hate them in a year or two.


next Patriots? NOT
RE: RE: Dude is going to win multiple MVPs  
Victor in CT : 7/7/2020 8:22 am : link
In comment 14929376 Dave in Hoboken said:
Quote:
In comment 14929370 SFGFNCGiantsFan said:


Quote:


& Super Bowls. They're the next Patriots. People will hate them in a year or two.



Probably. I wonder how many MVPs and championships he wins?


more than 1 more is a long shot.
Seems like a very complicated contract  
ZogZerg : 7/7/2020 8:34 am : link
It's hard to really say for certain what this means.
However, when is the last time a team with the highest paid QB in the NFL won the the Super Bowl?

Brady was never that. A lot of QBs got paid after winning the SB and never got back.

I love Mahomes, so if anyone can get it done with limited team resources, he can. But, I wouldn't bet any money on it.
Most Interesting aspect of this  
ShocktoBeck : 7/7/2020 8:36 am : link
To me is how it would impact Dak’s contract. Go get em Dak! 45M per is the new baseline! You tell Jerry! We are all behind you.
It looks like Chiefs have a good 3 year window  
ZogZerg : 7/7/2020 8:45 am : link
before the contract revs up.

Quote:


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).



But, again, I'm sure there is more to it than this.
The preliminary Patrick Mahomes contract details - ( New Window )
Dak is going to get the deal he wanted  
Rick in Dallas : 7/7/2020 9:02 am : link
Jerrah will cave in now. Dak and his agent played this right. Even if he plays on the tag this year and gets tagged next year... his 2021 salary will be over $37M.
Jerry should have signed Dak last year. It just got a lot more expensive.
RE: RE: RE: RE: RE: LMFAO  
Jay on the Island : 7/7/2020 9:12 am : link
In comment 14929603 NINEster said:
Quote:


It's a great system with great talent, fast receivers who can get open.

Just like Seattle, it's a team built on the continuous home run threat that will keep attacking until something cracks.

Both offenses are less effective as standard move the ball types. 2011 Saints type offense was ridiculous because every inch of the field was under constant duress.

But now you've seen the Seahawks without Lynch, and soon we'll see Mahomes without the best offensive supporting cast in the league.

Meanwhile we've seen Garoppolo in the Super Bowl making far more than either of them did in their respective Super Bowl appearances. Wilson since getting paid has been an exciting regular season QB, and a nail biter for the wildcard/divisional rounds since 2015. Hasn't even had a 13 win season either.

I guess Kyle Shanahan must be the GOAT for taking a 2-14 team to the Bowl in 3 years with a shit QB.



Are you calling Mahomes and Russell Wilson system QB’s?
I’m having second thoughts on this  
UConn4523 : 7/7/2020 9:16 am : link
I still need to look at the finer details but if the salary cap increases aren’t on par with what they’ve been as of late then this could be a bad contract sooner than I thought. There has to be security somewhere for the Chiefs, maybe I missed it in the thread, but at face value these numbers seem astronomical.
And the 49ers posts are mind boggling  
UConn4523 : 7/7/2020 9:18 am : link
Jimmy G is an average QB and the 49ers took a big gamble on him and while it’s worked out he’s also come up small in big spots a lot so I wouldn’t beat down the door calling that a blueprint of success. It’s an anomaly more than anything and if there’s a blip to that run game or defense Jimmy G is going to have a hard time carrying them.

Mahomes can carry the chiefs. Wilson has been carrying the Seahawks. Jimmy G isn’t in the same game changing stratosphere as them.
RE: It looks like Chiefs have a good 3 year window  
bronxct1 : 7/7/2020 11:48 am : link
In comment 14929680 ZogZerg said:
Quote:
before the contract revs up.



Quote:




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).





But, again, I'm sure there is more to it than this. The preliminary Patrick Mahomes contract details - ( New Window )


They don't really have a window to get out of this as his roster bonuses have to be guaranteed the year before or he must be cut. So they'd have to take a large cap hit to let him go.

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

Spotrac doesn't have the dead money right since the bonuses haven't vested yet, but if you check the notes you'll see that if they decide to cut him in the first half of this contract they'd have to take a 40+ million dead cap hit.
RE: RE: RE: Dude is going to win multiple MVPs  
Dave in Hoboken : 7/7/2020 11:50 am : link
In comment 14929674 Victor in CT said:
Quote:
In comment 14929376 Dave in Hoboken said:


Quote:


In comment 14929370 SFGFNCGiantsFan said:


Quote:


& Super Bowls. They're the next Patriots. People will hate them in a year or two.



Probably. I wonder how many MVPs and championships he wins?



more than 1 more is a long shot.


I don't think so.
RE: Dak is going to get the deal he wanted  
fanatic II : 7/7/2020 12:42 pm : link
In comment 14929685 Rick in Dallas said:
Quote:
Jerrah will cave in now. Dak and his agent played this right. Even if he plays on the tag this year and gets tagged next year... his 2021 salary will be over $37M.
Jerry should have signed Dak last year. It just got a lot more expensive.


In the scenario where Prescott is tagged twice, it's advantage Dallas

Dallas gets to see Prescott two years under McCarthy. If Dallas doesn't win in those two years, the team can move on from Prescott.

It will cost them 68 million over two years instead of over 100 million to give Prescott a long term deal and have to deal with dead money in the future if Prescott is released.

The only way Dallas gets screwed is if they win. But is that really getting screwed? I think we would all sign up for that.

I don't see a down side for the team.
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