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More details on Mahomes contract extension....

Milton : 7/12/2020 7:43 am
Quote:
• If the Chiefs cut Mahomes today, his cap number would jump from $2.8 million to $63 million.

• On the third day of the 2021 league year (that’s in March), Kansas City can cut Mahomes a check for $52.25 million to get out of the deal. If they go forward with it, an additional $40.45 million becomes fully guaranteed.

• On the third day of the 2022 league year, K.C. can pay Mahomes $70 million to get out of the deal. If they go forward, another $38 million becomes fully guaranteed.

• On the third day of the 2023 league year, K.C. can pay Mahomes $78.4 million to get out of the deal. If they go forward, another $38.9 million becomes fully guaranteed.

• On the third day of the 2024 league year, K.C. can pay Mahomes $76.85 million to get out of the deal. If they go forward, another $3.05 million becomes fully guaranteed.

• On the third day of the 2025 league year, K.C. can pay Mahomes $41.95 million to get out of the deal. If they go forward, another $38.9 million becomes fully guaranteed.

• On the third day of the 2026 league year, Mahomes’s $49.4 million roster bonus for 2027 becomes fully guaranteed.

• If they cut Mahomes after the 2026 season, he’ll have had a five-year, $247 million extension, and get to free agency at 31. If they don’t, they have to guarantee another $55 million.

• If he’s on the team that March, on the third day of the 2027 league year, they’ll be paying him a $49.4 million roster bonus, separate from the $55 million guarantee, which in essence locks in a $250 million windfall over the deal’s final five seasons.

from Sports Illustrated... - ( New Window )
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djstat : 7/12/2020 3:18 pm : link
But that is a good contract for both sides. Have a feeling he will restructure it about 9 times
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