6/13/2023 0 Comments Minnesota vikings wordmark![]() ![]() It’s unlikely that this carefully-structured agreement will be torn up on a whim. The deal that Veach made with Mahomes’ agents Leigh Steinberg and Chris Cabott was without precedent. In any renegotiation, that money will have to be figured against the cap. But right now, the deal has $134 million in dead money. ![]() At the time, the 2025 offseason - when the deal’s dead money would drop to zero - was identified as the earliest likely renegotiation date. When the contract was signed, everyone understood that it would be renegotiated before it expired in 2031. This means that he and the Chiefs are now one year into 2020’s 10-year contract. Mahomes signed his 10-year contract extension on Jnot yet three years ago - when he still had two full years remaining on his rookie contract. By Week 1, Mahomes could once again be the league’s highest-paid player.īut I don’t think so. By the start of the 2024 season, Mahomes could be the 10th highest-paid quarterback in the league.Īll of these well-respected writers could be exactly right. Soon enough (and barring a Mahomes renegotiation), that list will be joined by Burrow, the Los Angeles Chargers’ Justin Herbert and Jacksonville Jaguars’ Trevor Lawrence. That’s six quarterbacks who have exceeded Mahomes in average annual salary and overall guaranteed money. On Wednesday, Yahoo! Sports’ Charles Robinson added another name to that list, saying that soon, Mahomes will be even further behind. He’ll likely have the ninth-highest average after Joe Burrow and Justin Herbert are extended before the 2023 season. This is because Mahomes’ $45 million per year average in new money - actually $40 million per year when factoring in the two years he had remaining in his rookie contract - now ranks seventh among NFL quarterbacks. Mahomes already has restructured to give the Chiefs salary cap relief, but the first true renegotiation is likely to take place in the next few months. Writing for The 33rd Team on May 9, former Minnesota Vikings GM Jeff Diamond said it will happen because Mahomes is no longer the league’s highest-paid quarterback. ![]() While Veach didn’t delve into any specifics, here’s what reasonably should be expected, based on our conversations with folks aware of the dynamics of the situation.įlorio isn’t the only one, however. On May 2, Florio said that the way Mahomes is underpaid is “almost criminal.” A week later, he claimed that a new Mahomes contract is imminent.Įxpect Mahomes, before the season begins, to once again be the highest-paid player in league history.įlorio said that Kansas City general manager Brett Veach had “vowed” to address Mahomes’ contract after other quarterback contracts are done. Pro Football Talk’s Mike Florio is among those leading this conversation. During the last several weeks, national NFL writers have been busy speculating that two-time NFL (and Super Bowl) MVP quarterback Patrick Mahomes will soon be re-negotiating his contract with the Kansas City Chiefs. ![]()
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