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We're chasing a dynasty.". Multiple reports of Mahomes' contract extension used the phrase "guarantee mechanisms," which are just fancy words to describe the timeline of when chunks of money in the deal will become fully guaranteed. "From rookie year to becoming a starter, to the unconventional, to doing whatever it takes to win, to showdowns. In 2020, Mahomes will earn a base salary of $825,000 and a signing bonus of $10,000,000, while carrying a cap hit of $5,346,508 and a dead cap value of $64,953,413. In total, Mahomes could earn up to $502.631 million over the next 12 years if he hits all of his incentives.
Because we respect your right to privacy, you can choose not to allow some types of cookies. Patrick Mahomes contract details: Here's how much guaranteed money Chiefs QB will make in 'half-billion' dollar deal. He also took 308 carries for 845 yards (2.7 average) and 22 touchdowns. $503 million. In 31 starts, Mahomes is 24-7, completing 65.9 percent of his passes for 9,412 yards and 76 touchdowns to 18 interceptions. PFT cited Donovan McNabb's 12-year deal with the Eagles in 2002 as the longest in NFL history in terms of years.
The Chiefs did not need to complete this extension when Mahomes had two seasons left on his rookie contract, but their doing so in 2020 maximizes the amount of years they can tie themselves to a quarterback who needed just a few seasons to take over the league. As for Mahomes' cap hits over the next 12 years, the amount will peak in 2027, when the QB is scheduled to count for $59.95 million against the Chiefs' salary cap.
CBS Sports is a registered trademark of CBS Broadcasting Inc. “When you talk about Pat Mahomes, you’re talking about somebody that is one of the best players, arguably, like, Mahomes said in a video confirming the extension, Tuesday morning appearance on ESPN’s morning program.
Today Pat Mahomes gets 12-year deal averaging $37.5M (450/12) when Cap is $200M (18.75% of Cap). These cookies may be set through our site by our advertising partners. (More on those guarantees below.). Other quarterbacks — Brett Favre (Packers in 2001), Drew Bledsoe (Patriots in 2001), Michael Vick (Falcons in 2004), Daunte Culpepper (Vikings in 2003) — have signed 10-year contract extensions before Mahomes. In terms of years, Mahomes' contract extension with the Chiefs is among the longest in NFL history. Patrick Mahomes agreed to the richest contract extension in sports history with the Kansas City Chiefs on Monday. Below is the breakdown of Mahomes' cap hit in each year of the contract. The total cash each year is made up of Mahomes' base salary, roster bonus and workout bonus, not including signing bonus pay and incentives. 2023 salary, roster bonus and workout bonus fully guarantee on third league day of 2021, 2024 salary, roster bonus and workout bonus fully guarantee on third league day of 2022, 2025 roster bonus and workout bonus fully guarantee on third league day of 2023, 2025 salary and workout bonus fully guarantee on third league day of 2024, 2026 roster bonus fully guarantees on third league day of 2025, 2026 salary and workout bonus, plus 2027 roster bonus, fully guarantee on third league day of 2026, 2027 salary and workout bonus, plus 2028 salary and roster bonus, fully guarantee on third league day of 2027, 2029 salary, workout bonus and roster bonus fully guarantee on third league day of 2028, 2030 salary and roster bonus fully guarantee on third league day of 2029, 2031 roster bonus fully guarantees on third league day of 2030, 2031 base salary fully guarantees on third league day of 2031.
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