OT - Patrick Mahomes signs 10 year(!!!) extension with KC

Submitted by MGoChippewa on July 6th, 2020 at 3:16 PM

When considered with the two years left on his existing deal, Mahomes is tied to the Chiefs through the end of the 2031 season.  Adam Schefter says it will be the richest deal in NFL history (which had been assumed for a while), but there's no word on the $$$ just yet.  ProFootballTalk thinks the deal will be guaranteed as a percentage of the cap rather than a set dollar figure. 

So what does everyone think about this?  Is anyone in the NFL worth a ten year commitment or is the sport just too tumultuous to commit to one guy for this long?  I think it will be worth it for the Chiefs, assuming Mahomes stays healthy.  You generally don't win in the NFL without a start at QB and imo they've just cemented themselves as a playoff team for the next 12 seasons.

Larry Appleton

July 6th, 2020 at 3:18 PM ^

If there’s any player who’s worth it, it’s him.

That said, no player is worth it.

AlaskanYeti

July 6th, 2020 at 4:02 PM ^

Agreed. He's a top 5 QB in the NFL and will be 25!!!!! years old when/if the season starts, so it's likely he'll have plenty left in the tank in a decade, but could also consider some of his success is tied to Andy Reid who likely won't still be coaching in KC in 10 years. This contract get Maholmes through the Reid era and then enough time to see if he can match that success with another coach to see if he's worth signing into his late 30's. 

MGOTokyo

July 6th, 2020 at 5:49 PM ^

Word has it that the contract will be worth 400+M. Kind of a slippery slope here. Effects of Covid will probably still be around next season, even with a vaccine, so revenues will similarly be down. Couple that with the fact that people are getting used to not watching sports, especially in a watered down version, so that probably is going to decrease network contracts. Finally, the NFL (paying) fans are mostly white, wealthy or conservative blue-collar. I think you are going to see considerable push-back on BLM, kneeling, the 'black national anthem, and the populist anti-American leftist political agenda that the league has jumped on to be politically correct.  I can see a decrease in fan interest similar to a few years ago when Kap first started kneeling that may last for years.

Finally, for 2 decades we heard how Andy Reed was over-rated and not able to get his talented teams over the top. Yes, he finally did it with SUPERIOR talent but can he continue it, especially if he loses key assistants?  Mahomes will be there (taking up considerable cap space) but as you see with all Super Bowl teams, much of the talent ops to go elsewhere for the $$$, i.e.-Seattle/Wilson.

uminks

July 6th, 2020 at 3:20 PM ^

My second team, since I live close by KC. They're my AFC team. Though I still root for the Lions, it is great to follow a team that has success! Now the only questions is will their nickname be changed from the Chiefs to the Wolves?

diehardwolve

July 6th, 2020 at 3:20 PM ^

No one in the NFL is worth a 10 year contract (although contracts aren't guaranteed in NFL, correct?)

 

Hopefully this one makes Richard Sherman happy and shuts him up for a bit.

Broken Brilliance

July 6th, 2020 at 3:21 PM ^

He's a hell of a player, fun to watch, and seems like just as great of a person.

As a plus, he isn't in the NFC and the Chiefs took a big fat legitimate L to the pack last year. Looking forward to a couple super bowl battles between Pat and Jordan Love .

NittanyFan

July 6th, 2020 at 4:39 PM ^

Yep.  A QB-driven league, and as we are seeing, QBs are making it into their back-half of their 30s and even later and still able to play at top-notch levels.

I think this is definitely worth it.

There are risks involved, of course, but there are risks with many things.  

ChasingRabbits

July 6th, 2020 at 3:26 PM ^

It all comes down to what his signing bonus is...  no?  With the rest of it being not guaranteed it will only cost KC cap space if they need to opt out down the road.  Now if they make it 100% guaranteed... 

Either way, not too shabby for the kid. 

Jack Be Nimble

July 6th, 2020 at 3:29 PM ^

Contracts in the NFL aren't guaranteed, so the 10 years are only binding on Mahomes.  Unless he and his agent pulled a miracle and managed to get a guaranteed deal out of the Chiefs, this is almost certainly a good move on the team's part. The question is whether it is worth it for the player to give up all that flexibility.

highlow

July 6th, 2020 at 3:49 PM ^

I'm surprised, actually. If I'm Mahomes, I want to get one more contract. He's 24; a 5 year contract lets him out at 29 -- when he's near his prime -- and would 1.) let him take advantage of a presumably significantly higher cap and 2.) have total control over where he plays.

Agree with everyone below that the question is mostly about guarantees. It's possible that KC is doing a Cowboys/Saints can-kicking thing where they give him a bananas signing bonus but "spread" it to a reasonable number with the 10 year length that everyone recognizes won't happen. (This should remind you of the very, very long NHL contracts that got teams into trouble!) 

Booted Blue in PA

July 6th, 2020 at 3:53 PM ^

I'm going to bet that before this contract expires, he'll no longer the be starter but will still be getting paid like he was..... 

Sounds like he might have Weis'd them.

Unsalted

July 6th, 2020 at 3:59 PM ^

I can assure you no one in Colorado is happy about this. We have to see him twice a year. Winning in KC, especially in December, was already hard enough before Mahomes got there.

nerv

July 6th, 2020 at 4:06 PM ^

Theyre going to have to fill the rest of their roster with rookie contracts. Their offense may end up looking like New Englands where they cant afford to retain playmakers and fill it with guys on rookie deals and crafty veterans. That or just never have a defense.

mjv

July 6th, 2020 at 5:14 PM ^

This is the real question.  How damaging was this contract?  He's clearly the most valuable player in the game at this point in time, but QBs can't be judged until they perform when the roster reflects the impact of their non-rookie contracts. 

I suspect Mahomes is going to be an excellent QB going forward and should be able to raise the level of his team sufficiently to justify the large contract, but there are numerous examples of QBs being overpaid and wrecking a franchise -- Goff, Cutler, Cousins... I suspect that Dak will be on this list a year from now.  

I'm not sure where Mahomes deal will put him in terms of percentage of the cap, but this is an interesting data set on the topic:

per https://www.nbcsports.com/washington/ravens/winning-super-bowl-doesnt-require-quarterback-cheap-deal

Super Bowl winners since 2010, with cap percentage:

2020: Patrick Mahomes: 2.4% (Rookie)

2019: Tom Brady: 12.4%

2018: Nick Foles: 1.0% — Carson Wentz 3.6% (Rookie)

2017: Tom Brady: 8.9%

2016: Peyton Manning: 12.2%

2015: Tom Brady: 11.1%

2014: Russell Wilson: 0.6% (Rookie)

2013: Joe Flacco: 6.6% (Rookie)

2012: Eli Manning: 11.7%

2011: Aaron Rodgers: Uncapped season

2010: Drew Brees: 8.7%

Perkis-Size Me

July 6th, 2020 at 5:20 PM ^

I wouldn't pay him half that.

He's not a bad QB by any stretch. You could certainly do worse than Dak Prescott, and I think he's definitely in the top half of the league, but what has he really accomplished? He hasn't won them a playoff game, much less a Super Bowl. He's been anywhere from solid to good, and hell, I probably could be too if I've got one of the best OLs in the league protecting me and I get to hand the ball off to Ezekiel Elliott 20 times a game. 

I don't think Patrick Mahomes is worth 40 million a year, but he's the only guy in the league who could make a claim to being worth that much. I'd at least hear him out. I don't even let Prescott get to the negotiating table if that's the number he has in mind. 

uofmchris1

July 6th, 2020 at 5:43 PM ^

I agree with you. Turns out the deal equals 45 million per! 

I'm not even sure if this helps or hurts Dak's contract negotiation. 

Dallas could release him next year, and he'd be lucky to find one (or two MAX) teams that would be willing to shell out what he is looking for.

Hell... Call me crazy but you could plug in Jamis Winston with that Dallas OLine and Zeke as your RB and probably get equal results compared to Dak.

Perkis-Size Me

July 6th, 2020 at 5:08 PM ^

No one is worth a ten year commitment, from Ryan Fitzpatrick on up to Patrick Mahomes. That's not a knock on Mahomes. He's a top-3 QB in the league right now, if not the top overall. But you're banking on him staying healthy for ten years, and if he does get injured for multiple seasons, KC is on the hook for a lotttttt of dead money. All it takes is one hit to sideline him for an entire year. This isn't like baseball where you can give a guy a 10 year deal and reasonably expect him to not miss a lot of time. Baseball isn't a contact sport. 

In Mahomes' defense, if anyone in the league is worth that kind of deal, its him. But he's still not worth ten years because no one is worth ten years. You have no idea what your team will look like five years from now, much less ten. Will you be able to keep playmakers around him? Will you keep your OL intact? What if Reid decides to hang it up in 2-3 years? He's 62 right now, and while he can definitely keep going if he wants, I'm curious how much more he feels he needs to accomplish at this point in his career now that he's gotten to the mountaintop and accomplished literally everything else there is to accomplish in this game.