• Loading stock data...
Thursday, April 3, 2025
Nominations Are Open for Front Office Sports Honors! Submit Now

Patrick Mahomes Restructures Contract (Again) for Chiefs’ Cap Relief

  • Mahomes has endorsements such as Subway and State Farm to supplement income.
  • The three-time Super Bowl winner has adjusted his contract before to help the team.
Mark J. Rebilas-USA TODAY Sports

Patrick Mahomes continues to be a team player. 

According to the Associated Press, the Chiefs’ quarterback has restructured his contract for the second time in three years to help his team get some salary cap relief. 

Had the deal gone untouched, Mahomes’s deal would have counted for $58 million against the cap for the 2021 season, but now will count for only $21 million, according to the AP. Mahomes’s 10-year extension, carrying a theoretical value of $503 million, was the richest contract in the history of U.S. sports when it was signed in ’20. Despite being the repeat Super Bowl champions, Kansas City still has holes to fill, including at wide receiver and on the offensive line, to help protect its franchise quarterback. 

Mahomes’s decision isn’t unique among quarterbacks of his ilk, especially in their prime. Tom Brady didn’t have a salary cap hit north of $20 million while with the Patriots until his second-to-last season in New England as a way to keep the team’s core together. Like Brady, Mahomes has numerous off-field endorsements, most notably State Farm insurance, and isn’t feeling much of a hit in his wallet. 

The Chiefs recently re-signed star defensive tackle Chris Jones to a five-year deal worth almost $160 million. Jones signed his previous contract in 2020, a four-year $85 million extension, shortly after Mahomes signed his record-setting contract. Mahomes could have become the NFL’s first $50 million–a-year quarterback, but he decided not to for cap flexibility. 

When Jones signed his deal in 2020, Mahomes texted him: “Let’s get this thing done. I left some on the table.” 

Four years later, he has done so again. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

ESPN headquarters
exclusive

ESPN Editor Leaves for Ring Mag Amid Cristina Daglas Investigation

Elizabeth Baugh had been at ESPN for nearly a decade.
A view of the FanDuel Sportsbook betting area at Belterra Park Cincinnati.

FanDuel’s PE Backers Fire Back at Founder’s Legal Fight Over 2018 Sale

The legal dispute stems from the 2018 sale of 61% of FanDuel.

Featured Today

Mar 26, 2025; Indianapolis, Indiana, USA; Los Angeles Lakers forward LeBron James (23) in the first half Indiana Pacers at Gainbridge Fieldhouse.

The Creator Behind the LeBron ‘Glazing’ Trend Sweeping TikTok

FOS spoke to TikTok user OkaySpade who made the original song.
Mar 22, 2025; Providence, RI, USA; McNeese State Cowboys manager Amir Khan before a second round men’s NCAA Tournament game against the Purdue Boilermakers at Amica Mutual Pavilion
April 1, 2025

Inside the 24-Hour NIL March Madness Deals

Some of the most viral partnerships come together overnight.
Seattle Kraken
April 1, 2025

Samantha Holloway Is Seattle’s NHL Present—and Hopeful NBA Future

Samantha Holloway is steering the Kraken and hoping to revive pro hoops.
Brehanna Daniels
March 31, 2025

NASCAR Pit Crew Member Brehanna Daniels Didn’t Know She’d Be a Trailblazer

The first Black female tire changer didn’t know she’d be a trailblazer.
Cincinnati Bengals wide receivers Tee Higgins (5) and Ja'Marr Chase (1) celebrate a touchdown during a game on Nov. 17, 2024.

Bengals Make Chase and Higgins Highest-Paid WR Duo in NFL History

Chase’s contract topped Browns defensive end Myles Garrett’s $160 million extension.
Dec 8, 2024; Pittsburgh, Pennsylvania, USA; Cleveland Browns defensive end Myles Garrett (95) at the line of scrimmage against the Pittsburgh Steelers during the second quarter at Acrisure Stadium.
March 11, 2025

Guarantees Are Gold in NFL Free Agency—but Almost As Rare

NFL free agent contracts can officially be signed on Wednesday.
Jan 13, 2025; Glendale, AZ, USA; Minnesota Vikings quarterback Daniel Jones (13) against the Los Angeles Rams during an NFC wild card game at State Farm Stadium.
March 13, 2025

As NFL’s QB Carousel Spins, Even Backups Are Getting Big Money

Daniel Jones signed a $14 million deal with the Colts.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
February 25, 2025

Bengals Ready to Make Ja’Marr Chase Highest-Paid Non-Quarterback

Cincinnati has several key deals to work on this offseason.
Sep 11, 2024; San Francisco, California, USA; San Francisco Giants starting pitcher Blake Snell (7) throws against the Milwaukee Brewers during the first inning at Oracle Park.
November 27, 2024

Dodgers Approach $1 Billion in Deferred Money With Blake Snell Shocker

Snell’s contract comes with $50 million in contract deferrals.
Apr 20, 2024; Fort Lauderdale, Florida, USA; Inter Miami CF defender Sergio Busquets (5) celebrates with forward Lionel Messi (10) after scoring a goal against Nashville SC in the first half at Chase Stadium.
October 24, 2024

Lionel Messi Remains MLS Salary King As Playoffs Begin

Messi’s total 2024 compensation from Inter Miami is $20,446,667.
August 30, 2024

Premier League Transfer Spending Has Already Topped $2 Billion As Deadline Looms

Saudi Pro League teams haven’t yet matched their English counterparts.