flylikabird

Patrick Mahomes Cleans Up....10 Yrs./450 Million Big Ones!

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Kansas City QB Rich Patty works the Mid-West to a lather.

His extension will set the Chiefs back to a tune of 450 million dollares!

Yikes!

5f039e596a974_mahomes1.jpg.068cba7b515ce4baa482f2864b0d6210.jpg

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Wonder how much is guaranteed. Could be a problem for KC in the future.  They won’t have the money to retain other players or sign free agents.

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That 24yr old kid blows out his knee in the next year or two and they're.....F....k'D!

:point:

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For now, here’s the breakdown of the Patrick Mahomes contract that is making the rounds.

It’s a twelve-year deal with a base value of $477.631 million. It averages, at signing, $39.8 million per year.

The deal includes a fairly paltry, given the supposed magnitude of the deal, signing bonus of $10 million. The cash breakdown, regardless of guarantees or “guarantee mechanisms” (whatever those are), is as follows:

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).

6. In 2025: $41.95 million (base salary of $2.5 million, roster bonus of $38.9 million, and workout bonus of $550,000 in 2025).

7. In 2026: $41.95 million (base salary of $2.5 million, roster bonus of $38.9 million, and workout bonus of $550,000 in 2026).

8. In 2027: $59.95 million (base salary of $10 million, roster bonus of $49.4 million, and workout bonus of $550,000 in 2027).

9. In 2028: $44.45 million (base salary of $13 million, roster bonus of $30.9 million, and workout bonus of $550,000 in 2028).

9. In 2029: $44.95 million (base salary of $20.5 million, roster bonus of $23.9 million, and workout bonus of $550,000 in 2029).

10. In 2030: $50.45 million (base salary of $27 million, roster bonus of $22.9 million, and workout bonus of $550,000 in 2030).

11. In 2031: $52.45 million (base salary of $38 million, roster bonus of $13.9 million, and workout bonus of $550,000 in 2028).

The deal also includes up to $2.5 million in unspecified incentives per year from 2022 through 2031, resulting in another $25 million that can be earned, pushing the maximum possible value of the twelve-year deal to $502.631 million.

In the first two years, Mahomes will earn $33.361 million. Through the first three years, Mahomes will earn $63.08 million. 

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1 hour ago, dannyplug1 said:

Wonder how much is guaranteed. Could be a problem for KC in the future.  They won’t have the money to retain other players or sign free agents.

477m

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3 hours ago, flylikabird said:

Kansas City QB Rich Patty works the Mid-West to a lather.

His extension will set the Chiefs back to a tune of 450 million dollares!

Yikes!

5f039e596a974_mahomes1.jpg.068cba7b515ce4baa482f2864b0d6210.jpg

In your face Tom Brady!

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Posted (edited) · Report post

i would be interested in seeing the Cap hit each year...

 

Brady made $235M in 20 seasons with the Pats...that's actually alot more than i thought...

Edited by jettyjockey18

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Okay he won a Superbowl so he gets paid. More power to him. Like others said above the Chiefs are going to be in cap hell as soon as other playmakers on offense or defense want to get paid. 

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7 mins ago, iphish said:

With 477 guaranteed, What are the odds he's injury-free?

ZERO.

 

Especially when you consider he likes to run.

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up til now Matt Ryan had the highest NFL contract... $150M...are you telling me that offering Mahomes say $250M doesn't get the deal done??... 

whadya think the rest of the owners around the league think about this deal??... 

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40 mins ago, jettyjockey18 said:

 

whadya think the rest of the owners around the league think about this deal??... 

They are probably pissed.

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6 mins ago, Gotcow? said:

They are probably pissed.

whadya think Dak Prescott is going to ask for now??... 

*ly, this deal just threw the entire player market out of whack... 

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ok, I listened to some sports talk radio at lunch and now have a better understanding of the deal... 

the short version, Chiefs on the hook for the first 4 years of the deal... after that, they can cut Mahomes if they want at the start of each season before the guarantee kicks in... sorta like a string of 1 year deals after the 4th year... some people are actually questioning if it was in Mahomes best interest to sign for 10 years... 

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