Patrick Mahomes Restructures His Contract: Details

BYAlexander Cole7.0K Views
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Patrick Mahomes
Patrick Mahomes is giving his team some much-needed help with their salary cap.

Patrick Mahomes is the highest-paid player in the entire NFL and his contract will last the Kansas City Chiefs for a very long time. The only issue here is that Mahomes' contract doesn't give the Chiefs much room to sign other high-level players. Roster bonuses can go against the salary cap and in 2021, Mahomes was expected to make over $21 million in these types of bonuses alone. However, Mahomes understands just how important it is to have a great supporting cast, and now, he's helping his team adjust.

According to Adam Schefter of ESPN, Mahomes has agreed to turn his roster bonus into a signing bonus, which means the Chiefs will get an extra $17 million to spend on other players. This is great news for the Chiefs organization, as they will be able to give the team some depth heading into next season.

Tom Brady of the Tampa Bay Buccaneers recently restructured his contract in a similar fashion, so it's no surprise the Chiefs would want to do this as well. These two teams will be vying for the Super Bowl this year, and they will need all the help they can get.

Meanwhile, with Mahomes making close to half a billion over the next 10 years, it's clear that restructuring his contract won't hurt him all that much.

Patrick Mahomes Restructures His Contract: Details
Patrick Smith/Getty Images

About The Author
Alexander Cole is the current editor-in-chief of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. It was here where he began to hone his craft, putting his journalism degree from Concordia University in Montreal, Quebec, to good use. Since that time, he has documented some of the biggest stories in the hip-hop world. From the Kendrick Lamar and Drake beef to the disturbing allegations against Diddy, Alex has helped HotNewHipHop navigate large-scale stories as they happen. In 2021, he went to the Bahamas for the Big 3's Championship Game. It was here where he got to interview legendary figures like Ice Cube, Clyde Drexler, and Stephen Jackson. He has also interviewed other superstar athletes such as Antonio Brown, Damian Lillard, and Paul Pierce. This is in addition to conversations with social media provocateurs like Jake Paul, and younger respected artists like Kaycyy, Lil Tecca, and Jeleel!
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