Patrick Mahomes, quarterback for the Kansas City Chiefs, is taking a moment to give the team a boost.

According to Adam Schefter of ESPN, the two-time Most Valuable Player has reached an agreement to restructure his contract in order to free up an additional $21.6 million worth of salary-cap room for the Chiefs.

 

Following the conclusion of the offseason in 2020, Mahomes signed a 10-year agreement worth $450 million, making him the highest-paid player in the National Football League. The amount of his cap hit for the year 2024 was 58.6 million dollars, as reported by Spotrac. It is currently predicted that his numbers against the cap will be $37 million in 2024, $66.2 million in 2025, and $68.6 million in 2026. These figures are based on the platform.

After the Chiefs altered his deal in September 2023, Mahomes is now eligible to make a total of $208.1 million between the years 2023 and 2026. This newest financial move occurs after the Chiefs made this change. In the history of the National Football League, it was the largest agreement ever made over a period of four seasons. During that time, the team stated that they will reconsider his contract in 2026, which is most likely still in effect.

The reigning champions have already had a long and eventful offseason to look forward to. Last week, the team was successful in securing the return of star defensive lineman Chris Jones on a big deal that included a guaranteed sum of $95 million. However, his deal will only result in a budget charge of $7.35 million for this year.

 

According to reports, the Chiefs also released wide receiver Marquez Valdes-Scantling, signed punter Matt Araiza, and placed the franchise tag on cornerback L’Jarius Sneed, who is expected to contribute $20 million to the team’s cap. On the other hand, it was stated that Sneed was granted authorization to look for a trade.

After this, the Chiefs will have more money available to them in free agency, which will allow them to assemble another Super Bowl team and attempt to achieve a three-peat, which has never been done before.