In order to protect Mahomes in the future, he and his agent, Leigh Steinberg, put together a clever system of rolling guarantees in the contract extension. Mahomes’ contract has a set of rolling guarantees There is $1.5 million in salary, the $27.4 million roster bonus, and a total of $6.343 million in prorated bonus money. Therefore, Mahomes has a $35.793 million salary-cap number on his contract in 2022. In contrast, the Chiefs chose to pay the roster bonus out in the traditional sense in 2022. They paid $21.717 million as a signing bonus that prorates at $4.343 million a year and saved $17.374 million last year. Meanwhile, if they convert some or all of it to a signing bonus, then the salary cap impact prorates across five years.Īhead of the 2021 season, the Chiefs chose the signing bonus option. If they pay it as a roster bonus, then all of it will count against the Chiefs cap in that season. Therefore, each season, the Chiefs have the option of whether to pay that bonus out as a traditional roster bonus or convert it to a signing bonus. However, what the Chiefs did was include huge roster bonuses in every year of the deal. That allowed the Chiefs to have flexibility in the first two years. That meant the prorated money over the first five of the 12 years is just $2 million per year. Despite the deal being worth $450 million in total, there was only a $10 million signing bonus. The way the Chiefs structured Mahomes’ contract is fascinating. Mahomes is set to count for $35.793 million against the Chiefs’ salary cap in 2022
Kap 45 worth it free#
If the Chiefs’ QB sees out his entire contract in Kansas City - and does not sign a new one - he would become an unrestricted free agent in 2032. That means Mahomes is only now entering the first year of his 10-year contract extension. Therefore, Mahomes is under contract through the 2031 season. When Mahomes signed his contract in 2020 he still had two years remaining on his rookie deal. Mahomes has 10 years remaining on his contract The other half can be earned if the Chiefs win the AFC Championship Game.
Half of that ($1.25 million) can be earned if Mahomes is named MVP. Each year, Mahomes can earn $2.5 million per year. From the 2022 to 2031 seasons, Mahomes can earn another $25 million in incentives. There are also bonuses included in the deal that take the potential total value across the 12 years over $500 million. The sticker price of the deal is $45 million per year across 10 years but in reality, it is $39.8 million per year across 12 years Therefore, the total value of the deal was a base of $477.6 million across 12 years. However, when the deal was signed there were still two years remaining on his rookie deal. Mahomes deal is officially a 10-year contract extension with a base value of $450 million. Patrick Mahomes’ contract details and bonuses
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