Tom Brady isn’t the only superstar quarterback restructuring his contract to give his team some cap relief. It turns out Patrick Mahomes is also helping out his front office this Friday afternoon.
According to ESPN insider Adam Schefter, the Kansas City Chiefs are converting Mahomes’ $21.7 million roster bonus into a signing bonus. That move alone will save the team $17 million against the cap.
Kansas City needs all the cap relief it can get if it wants to add a few impact players to its roster this offseason.
The Chiefs recently cut offensive tackles Eric Fisher and Mitchell Schwartz, so perhaps they’ll use this money to replenish their offensive line.
Tom Brady isn’t the only QB providing cap relief to his team; Patrick Mahomes is expected to do the same. Chiefs are expected to convert Mahomes’ $21.7 million roster bonus to a signing bonus in the coming days, which would save KC $17 million against the cap, per league sources.
— Adam Schefter (@AdamSchefter) March 12, 2021
Mahomes signed a 10-year, $450 million contract extension with the Chiefs prior to the 2020 season. Though he’ll receive a lot of money over the next decade, his cap hit for the 2021 season is incredibly team-friendly at $7 million.
The Chiefs have most of the ingredients necessary to make a championship run yet again next season, but they’ll have to get stronger in the trenches. The Buccaneers simply beat them up at the point of the attack in this year’s Super Bowl.
Now that Kansas City is officially under the cap for the start of the new league year, general manager Brett Veach can get to work on adding reinforcements to his roster.
The post Report: Chiefs Have Reworked Patrick Mahomes’ Massive Contract appeared first on The Spun.
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