The leaders did something that needed to be done.
With quarterback Patrick Mahomes falling $10 million a year behind the market top at his position following Bengals quarterback Joe Burrow’s new contract, the Chiefs and Mahomes have worked out a new contract which, from a practical point of view. , will continue the relationship until 2026 without further adjustment. He remained engaged into the following decade.
According to a source familiar with the deal, it does not include any new money. Instead, the payments were shifted to improve Mahomes’ cash flow.
Mahomes will now receive $208.1 million from 2023 to 2026. All of this is guaranteed in case of injury.
Under the adjusted contract, Mahomes will receive $56.85 million in 2023 (he already earned $35 million under the existing deal), $44.5 million in 2024, $50 million in 2025 and $56.76 million in 2026.
He is also scheduled to receive $59.2 million in 2027. The resulting $261 million over five years exceeds other quarterback contracts during that same window.
Again, the contract is structured to be revisited after the 2026 season.
The final adjustment took a while to arrive. But the Burrow deal had to be done before the Chiefs and Mahomes could make the most intelligent assessment of how much to spend on Mahomes.
