Clark Hunt: The Chiefs Will Begin Contract Negotiations W/Mahomes This Summer

[Hog's Gone Fishin]

Originally Posted by JakeF

How about 18%(of cap)+ performance bonuses each season for Mahomes?

I've always thought that type of contract is reasonable and a win ,win for both sides.

[duncan_idaho]

Originally Posted by Hog's Gone Fishin

I've always thought that type of contract is reasonable and a win ,win for both sides.

Only problem with it is it means he has a big cap number every year, and you can't use signing bonuses to spread the money as much.

I think we see something more like Goff's contract, which let's you move money around from signing bonuses and roster bonuses and keep the huge cap hits from nailing you right away. You're always pushing the enormous cap hits down the road.

[BigRedChief]

Originally Posted by duncan_idaho

Only problem with it is it means he has a big cap number every year, and you can't use signing bonuses to spread the money as much.

thats why it’s never been done yet. GM’s like the flexibility year to year. Seems to me that in this unique situation, these never before seen $’s that knowing your % of cap taken every year would be a better benefit than flexibility.

[jaa1025]

Originally Posted by JakeF

How about 18%(of cap)+ performance bonuses each season for Mahomes?

I think the whole cap % contract would be just an awful idea for a team. With 15% he will almost always be the highest paid player and the biggest salary cap hit in football. There would be no more overpay for a year or two and get relief in the cap later due to rising cap space and costs to the position. There would be no more renegotiating of contract to get relief through bonuses being spread out.

[DRM08]

Originally Posted by jaa1025

With 15% he will almost always be the highest paid player and the biggest salary cap hit in football.

15%? That is chump change for a QB of Mahomes' ability. 15% is nowhere close to highest paid QB in the league at the moment. In fact it's currently the 9th highest QB salary in the league based on the 2020 salary cap. Would be a salary of $29.7M for 2020 season.

At the time of signing their recent contracts, Russell Wilson and Aaron Rodgers were both around 18.5% of the cap in the year they signed. That's a lot more than the 15% you claim is so outrageous. Matt Ryan is 8th in average salary and he is getting $30M per year, which is currently 14.9% of the cap. At the time Matt Ryan signed his deal in May 2018, it was about 17% of the 2018 salary cap.

You should hope like hell the Chiefs are actually able to get Mahomes on a 15% cap salary. That's a massive discount compared to his actual value.

[Tribal Warfare]

[eDave]

A "contract like no other" can mean a lot of things. He's revolutionized the game, why not the papers?

[RunKC]

20% of the cap is completely fair for Pat. That would put him at $37.6 million this year which sounds about right

[DRM08]

Originally Posted by RunKC

20% of the cap is completely fair for Pat. That would put him at $37.6 million this year which sounds about right

Isn't 20% closer to $40 million? All the websites I can find seem to say the 2020 cap is $198.2 million. 20% of that is $39.64 million. But I agree with you that this number is completely fair.

[Coogs]

So how will the signing bonus portion of the new contract work with respect to the salary cap?

For starters, I am assuming that this is an extension, which means if it is a 5 year extension, Mahomes is under contract for the next 7 years. Correct?

Since $65 million is the current largest signing bonus, I will use $70 million for this example, as it makes the math work easier.

Is the $70 million spread out over 7 years, as I am assuming he gets the $70 million this summer and not in 2 years, for a hit of $10 million per year?

Or is the $70 million only spread out over the 5 years of the extension, at $14 million per year, starting 2 years from now?

Hope this all makes sense.

[tyecopeland]

Originally Posted by Coogs

So how will the signing bonus portion of the new contract work with respect to the salary cap?

For starters, I am assuming that this is an extension, which means if it is a 5 year extension, Mahomes is under contract for the next 7 years. Correct?

Since $65 million is the current largest signing bonus, I will use $70 million for this example, as it makes the math work easier.

Is the $70 million spread out over 7 years, as I am assuming he gets the $70 million this summer and not in 2 years, for a hit of $10 million per year?

Or is the $70 million only spread out over the 5 years of the extension, at $14 million per year, starting 2 years from now?

Hope this all makes sense.

Using jared Goff as an example since he signed an extension before his 4th year and after his 5th year option had been picked up.

He had his signing bonus spread out over 5 years even though his extension took him out to a total of 6 years. And he had extra signing bonus money on the first year I'm assuming it was the remainder of his guaranteed salary from his rookie deal.

So I think the signing bonus money can be spread out over the full length starting from the year he signs.

[Coogs]

Originally Posted by tyecopeland

Using jared Goff as an example since he signed an extension before his 4th year and after his 5th year option had been picked up.

He had his signing bonus spread out over 5 years even though his extension took him out to a total of 6 years. And he had extra signing bonus money on the first year I'm assuming it was the remainder of his guaranteed salary from his rookie deal.

So I think the signing bonus money can be spread out over the full length starting from the year he signs.

Wouldn't that mean Mahomes's cap number will most likely go up significantly this season if they agree to a deal this summer? He is sitting at 5.3 million right now.

[ChiefsFanatic]

Maybe the entire contract will be guaranteed. Say, a 6 year extension at $40 million a year, with a $80 million dollar signing bonus spread out over the full 8 years ,but all of it is guaranteed, which would blow away Goff's $110 million dollars in guaranteed money.

Sent from my GM1915 using Tapatalk

[DRM08]

Originally Posted by ChiefsFanatic

Maybe the entire contract will be guaranteed. Say, a 6 year extension at $40 million a year, with a $80 million dollar signing bonus spread out over the full 8 years ,but all of it is guaranteed, which would blow away Goff's $110 million dollars in guaranteed money.

Sent from my GM1915 using Tapatalk

Will probably be shorter than that, especially since they already have him under contract for dirt cheap the next 2 years. A 4-year extension for $160M fully guaranteed would be a pretty solid deal. That's the Kirk Cousins guaranteed contract on steroids.

[MAHOMO 4 LIFE!]

I’d honestly give Pat 5 years/ 250 mil all guaranteed