Patrick Mahomes has landed the biggest contract in sports history, but the price might be too high for Kansas City.
ESPN’s Adam Schefter reported Mahomes becomes the highest-paid player in sports history at $503 million and a ten-year extension.
Final Patrick Mahomes’ deal:
10-year extension worth up to $503 million.
It includes $477 in guarantee mechanisms and the ability for Mahomes to have outs if guarantee mechanisms aren’t exercised.
— Adam Schefter (@AdamSchefter) July 6, 2020
The new contract locks Mahomes in until the 2031 season. He had two years remaining on his rookie contract prior to the extension.
Mahomes has been widely regarded as the best quarterback in the league after his first year starting in 2018. After sitting his rookie season, he threw for 5,097 yards and 50 touchdowns passes as well as win the MVP in 2018. Last season, Mahomes missed two games because of a dislocated knee cap. He finished with 4,031 yards and 26 touchdowns with a Super Bowl title.
Is Patrick Mahomes’ Contract Worth the Price?
Mahomes has proven his worth with his play on the field. The way he makes no-look passes and can make all the throws while playing. There is no doubt in anyone’s mind that he is the best quarterback in the NFL. Not many players right now can come near the level of play that Mahomes is at currently.
Kansas City has him locked up for twelve more seasons which should be enough time for them to win more titles. Tyreek Hill and Travis Kelce give him the weapons they need on offense to explode. Head coach Andy Reid has proven to be the quarterback whisperer and groomed Mahomes well. The pieces are in place for a long, successful timeline for Kansas City. Can they keep everyone in place?
This is where the Chiefs could have some trouble.
They already have a problem with defensive lineman Chris Jones wanting a long-term deal and not willing to sign the franchise tag. He’s already stated that he will holdout for a new deal. Jones may not want to wait too long on that to happen.
Hill and Kelce are eventually going to want to get big contracts themselves. The Mahomes deal will make it tougher to bring everyone back. They might have to make some choices in who they should bring back or not. When teams have too many big-name players, budgets start becoming tight.
How can the Chiefs Work Through It?
Kansas City will have a big reliance on making sure they knock it out of the park in the draft. They took a chance on Mahomes when there were doubts and he turned out great for them. Kansas City found Kareem Hunt in the third-round that same year and if it wasn’t for his domestic issue, he would still be on the team.
In 2016, Chris Jones, Demarcus Robinson, and Hill were all picked outside the first round and played key roles last year. Last season, second-round pick Mecole Hardman played a bigger role in the offense than expected. Kansas City can find the talent wherever they can because their scouting department has done a good job.
Another hope for the team is they need the salary cap to keep increasing every season. For multiple years, the NFL has seen their salary cap make improvements each year. COVID-19 has made it interesting to see if the salary cap will increase or decrease because of missed revenue. That could hurt the Chiefs in the near future.
There is a lot of confidence in Reid and his staff to find other guys to step up. The good news for them is Mahomes has the ability to make everyone around him better. Things could get tough in the next few years, but Kansas City should be able to work through it.