Patrick Mahomes signs 10 year 503 mill extension with Chiefs

[Gator48]

He's gonna fund the police....

 

[havoc]

I saw the news on Facebook. Mahome is a lucky man. Dude hit the lottery.

 

[ryderldb]

And the raiders have Derek Carr

This can't be life

 

[Tony D'Amato]

Only $140 million FULLY GUARANTEED. He made a mistake. Shoulda demanded a fully guaranteed contract like Kirk Cousins. If Mahomes tears his knee up and is never the same, he's not gonna see that $500 million.

To me he's dumb for signing this long of a contract. Shoulda just signed for 5 years and around $200 million fully guaranteed. Then after that deal is done negotiate again for an even bigger deal.

The nfl still giving monopoly $ contracts. Couldn't even guarantee half of it.

This was suppose to be Andrew Luck

 

[goatmane]

All the fools on the first few pages saying he made a mistake

idk breh. this sounds like a 3yr deal with 9 years of opt ins.

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. Through the first four years, Mahomes will earn $103.53 million. By way of comparison, Titans quarterback Ryan Tannehill will earn $118 million over the next four years — and he won’t be tied to his team for another eight seasons.

Given that Mahomes already was due to earn $27.63 million over the next two years, it’s a 10-year, $450 million extension. That’s $45 million per year in new money. While that pushes the market up by $10 million per year, it ties Mahomes to the Chiefs for the next 12 years, and during that time the market likely will catch and surpass the Mahomes numbers. Although it’s easy to say “the Chiefs will take care of him,” they’re not required to do anything than what the current contract requires them to do for the next 12 years.

The preliminary Patrick Mahomes contract details - ProFootballTalk

 

[Apollo]

Those $50 million + years ain't going to happen, It will either be renegotiated or he will be cut depending on where the team is at.

This ain't baseball where you are stuck with a 10 year dead contract on a player who ain't shyt anymore like Pujols.

Nice story but it ain't all true, it's basically 3 years 63 million.

 

[Swagnificent]

No mistake at all. He gets 63 million just for signing his name today. Then on top of that if he doesn't play another down of NFL football he gets 141 million guaranteed On top of that he will get additional money for each year he makes the Roster. With Roster bonus's you don't have to kill your cap as much especially when you can stretch the money over a 10 year contract. In reality by next March he will get 131 Million guaranteed to him (on top of the 63 million he received for signing his name on the dotted line today. Roster bonus's are vetted 1-2 years which means he will get those roster bonus's for the next 2 years at the minimum wish is where the bulk of this half a billion dollar contract comes from so definitely not a mistake. He The Chiefs are realistically stuck with Mahomes and can't get out of the deal until at least year 6. So he will be getting tons in roster bonus's until then. Not to mention endorsements. What literally just happened today will set Patrick Mahomes up to have a Michael Jordan like post career.

When he's the 10th highest paid QB in about 4 years it'll look like a mistake.

Stop falling for the monopoly money. Guaranteeds are all that matter. And $140 million ain't that much especially when you just handcuffed yourself for 10 years.

 

[Formerly known as...]

Props to Mahomes on this. Spend wisely and invest well.

Making money is great, keeping it is the tough part.

Can't hate on this deal, no matter how much he actually makes in the end.

 

[Hey_zeus]

The Chosen One
I thought this would be Kaep

 

[Guile]

Hmm, should of got more guaranteed.

 

[RammerJammer]

He’s worth every penny

 

[BaggerofTea]

The odds that Mahomes is a top 3 qb in the NFL in a decade is not outlandish at all

Its a good bet on himself

And it allows chiefs to keep weapons and build around him

When he's the 10th highest paid QB in about 4 years it'll look like a mistake.

Stop falling for the monopoly money. Guaranteeds are all that matter. And $140 million ain't that much especially when you just handcuffed yourself for 10 years.

 

[producingfire]

When he's the 10th highest paid QB in about 4 years it'll look like a mistake.

Stop falling for the monopoly money. Guaranteeds are all that matter. And $140 million ain't that much especially when you just handcuffed yourself for 10 years.

He will end up seeing at least 400 Million of that 500 million They did it this way to sneak all that money in to him. Not to mention we are still in a situation where they don't know how Covid will effect salary cap. So imagine the cap going down it will effect revenue but as long as he's getting roster bonus's hes getting guaranteed money. And they won't be able to just cut him or move on that contract until year 6 he sees at least 400 million book it.

 

[Sauce Dab]

Hardman already getting ready for the slander he and all the other receivers gone get when they can’t make a one handed catch in traffic

 

[BXKingPin82]

is he BLACK Coli race graders!?!?!