The Kansas City quarterback restructured his contract
Patrick Mahomes, the Kansas City Chiefs’ superstar quarterback, is making strategic moves to secure the team’s future success.
Patrick Mahomes’ emotional visit to Adidas with Jurgen Klopp in GermanyInstagramChiefs urgently needed more cap space
Ahead of the official start of free agency, Mahomes has agreed to a restructured contract that will create over $20 million in cap space.
Mahomes made headlines in 2020 when he became the highest-paid player in the NFL with a 10-year extension worth $450 million.
However, his hefty cap hit for 2024 was set at $58.6 million, which prompted the recent reworking of his contract.
Spotrac now estimates Mahomes’ cap numbers to be $37 million in 2024, $66.2 million in 2025, and $68.6 million in 2026.
The restructuring comes at a crucial time for the Chiefs, who were facing limited cap space before Mahomes’ deal adjustment.
With this move, the team gains much-needed flexibility to make strategic signings during free agency, having already secured key players like defensive tackle Chris Jones and linebacker Drue Tranquill.
Despite not having extensive needs, the Chiefs now have the opportunity to strengthen their roster, particularly in areas like receiver, running back, strong side linebacker, and interior offensive line.
The added cap space aligns with Mahomes’ goal of securing a historic three-peat of Super Bowl victories, solidifying his status as one of the game’s greatest quarterbacks.
Patrick Mahomes will be restructuring his contract to create an additional $21.6 million worth of salary-cap space for the Chiefs as they aim to become the first NFL team to three-peat, per league sources. pic.twitter.com/PxpJ5j8ZPj
— Adam Schefter (@AdamSchefter) March 12, 2024
The Mahomes celebrate 2-year anniversary
In addition to his on-field success, Mahomes is celebrating off the field as well.
On Tuesday the Chiefs star celebrated his second wedding anniversary with wife Brittany Mahomes by sharing heartfelt Instagram posts to commemorate the occasion.
Patrick Mahomes Celebrates 2nd Wedding Anniversary with Brittany Mahomes: See the Sweet Photos https://t.co/3jSmh4Q4tx
— People (@people) March 12, 2024
The couple, who share two children, reflected on their journey together, showcasing their love and support for each other amidst Mahomes’ remarkable career achievements.