Published By: Sports Desk
Last Updated: March 14, 2024, 00:01 IST
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The Kansas City Chiefs have restructured quarterback Patrick Mahomes’ contract, an individual aware of the choice instructed The Associated Press on Wednesday, giving the Super Bowl champions some muchneeded wage cap area.
KANSAS CITY, Mo.: The Kansas City Chiefs have restructured quarterback Patrick Mahomes’ contract, an individual aware of the choice instructed The Associated Press on Wednesday, giving the Super Bowl champions some much-needed wage cap area.
The individual spoke to the AP on situation of anonymity as a result of the monetary particulars weren’t public.
By restructuring the contract, which might have counted greater than $58 million towards the cap for the upcoming season, the Chiefs created greater than $21 million to make use of elsewhere. That may embrace a much-publicized pursuit of assist at huge receiver, their want for a brand new left deal with to guard Mahomes’ blind aspect, or in re-signing their very own free brokers.
Mahomes additionally adjusted his 10-year, $450 million contract in 2021 to assist the Chiefs with their monetary state of affairs.
The Chiefs already signed All-Pro defensive deal with Chris Jones to a five-year, $158.75 million contract, which included $95 million assured over the primary three years. But that deal was structured in order that it solely price $7.35 million towards the cap this 12 months.
Backup linebacker Drue Tranquill additionally signed a three-year, $19 million deal to return earlier than Wednesday’s begin to free company.
The creation of some extra wage cap area additionally may imply that L’Jarius Sneed, who quietly emerged as one of many NFL’s finest cornerbacks final season, may stay in Kansas City. The Chiefs used the franchise tag on him, which might equate to a one-year, $19.8 million deal, however many anticipated them to finally commerce Sneed for draft compensation and wage cap aid.
Now, the Chiefs may preserve him on the tag quantity or use their newfound wiggle room to signal him to a long-term deal.
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AP NFL: https://apnews.com/hub/nfl
(This story has not been edited by News18 employees and is revealed from a syndicated information company feed – Associated Press)
