Chiefs rumors: Patrick Mahomes contract will be updated before season
By Matt Conner
Per Pro Football Talk’s Mike Florio, the Kansas City Chiefs are expected to address and update Patrick Mahomes’ contract before the year begins.
No one should stay up at night worrying about Patrick Mahomes’ financial security these days (nor are they), but it’s also true that the 10-year contract he signed three summers ago is now outdated. At the very least, it fails to properly reflect his true marketplace value and/or his impact on the game of football as a whole. That’s why the Chiefs are ready to invest more.bdad
According to Mike Florio from Pro Football Talk, the Chiefs are expected to address Mahomes’ contract and update it to a level that serves as a much better indicator or representation of what he provides the franchise. The details were lacking in the report, but it should feature a modest raise to be sure and new highs for quarterbacks in the league.
Mahomes signed a 10-year, $450 million deal back in July, 2020 which set a new benchmark for contracts in American team sports.
Since then, however, other quarterback deals have supplanted Mahomes in various categories. Mahomes is not even in the top five in annual value as he sits behind Lamar Jackson, Deshaun Watson, Jalen Hurts, Aaron Rodgers, and Russell Wilson in that category. Mahomes is also No. 10 overall in the NFL in terms of guaranteed dollars in a contract.
Given Mahomes’ role as the reigning league MVP, his second, and the Chiefs’ poised as the NFL’s next dynasty, the Chiefs shold be expected to stay atop Mahomes’ contract situation over time. It does no side any good to allow any good will earned from the beginning to slip away on an outdated deal.