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(Pro Football Talk)   Patrick Mahomes will be a Chief until 2031, and can now afford to buy his own chefs   (profootballtalk.nbcsports.com) divider line
    More: News, Finance, Contract, Term, Time, Patrick Mahomes, National Hockey League, Year, long term  
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716 clicks; posted to Sports » on 06 Jul 2020 at 3:21 PM (35 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-07-06 3:29:43 PM  
What to do if Defensive Coordinator from AFC West?
 
2020-07-06 3:29:57 PM  
The names Patrick Mahomes and Deshaun Watson are going to haunt Chicagoans for the next twenty years.
 
2020-07-06 3:35:42 PM  
A ten-year contract in football seems nuts. But I suppose if you would do it for a position, it'd be that one.
 
2020-07-06 3:37:27 PM  
It's a shame there won't be any football for the next decade.
 
2020-07-06 3:43:28 PM  
i.ytimg.comView Full Size
 
2020-07-06 3:44:47 PM  
I sure hope the Chiefs don't ruin their salary cap for the next decade by giving Mahomes a disproportionate share of the salary cap.
 
2020-07-06 3:48:33 PM  
The details are going to be everything.

How much guaranteed money?
Is it tied to a percentage of the cap?
How many incentives?
When is the opt out?

As a fan, I'm pleased. If you came up with the perfect QB on and off the field in Madden, he would look and act just like Mahomes.

In any case, Dallas, Baltimore, and Houston have to be livid that THIS is what's setting the market.
 
2020-07-06 3:53:06 PM  
Yeah, we might be back to playing football games by then...

But I gotta say it, GO CHIEFS!! :)
 
2020-07-06 4:01:45 PM  
Adam Schefter  @AdamSchefter

Patrick Mahomes' 10-year extension with the Kansas City Chiefs is worth over $400 million in total, per league sources.
The more significant question is, How much over $400 million?
 
2020-07-06 4:04:04 PM  
I'm a chiefs fan. Hope this pays off. Ten years is a long time to stay healthy.
 
2020-07-06 4:05:37 PM  

meera's frog spear: It's a shame there won't be any football for the next decade.


So this is something that has flipped through my head in the midst of the pandemic. Exactly how are salaries going to be handled during all of this? If a league cancels the season due to it, are teams on the hook for paying that year, and does that year go towards either their seniority or the time remaining on their contract? At this point there probably will be players who were hoping for one more year that are probably just gonna hang it up instead rather than try to play a year older just to max out a benefits package or something.
 
2020-07-06 4:07:07 PM  

IAmRight: A ten-year contract in football seems nuts. But I suppose if you would do it for a position, it'd be that one.


======================================​=================

A couple years ago I investigated every single 8+ year contract in NFL history (there isn't that many, for obvious reasons).  IIRC none of them came even CLOSE to being fulfilled... except Ben Roethlisberger.  He signed an 8 year deal with the Steelers in 2008 and not only completed it, he signed a 5 year extension.
 
2020-07-06 4:07:31 PM  

desertgeek: Adam Schefter  @AdamSchefter

Patrick Mahomes' 10-year extension with the Kansas City Chiefs is worth over $400 million in total, per league sources.
The more significant question is, How much over $400 million?


For every $10 million over, I predict the Chiefs get one fewer Super Bowl in the next decade.
 
2020-07-06 4:07:42 PM  
Full disclosure, I am a Broncos fan but I hope he gets to play out the whole contract.  He is awesome to watch.
I doubt he is going to hold up though with how he plays.
 
2020-07-06 4:21:20 PM  

SirDigbyChickenCaesar: Full disclosure, I am a Broncos fan but I hope he gets to play out the whole contract.  He is awesome to watch.
I doubt he is going to hold up though with how he plays.


His arm is good enough that I'm not as worried as I would be otherwise. he could transition into a statuesque quarterback in the latter part of his career and still be really deadly.

Kind of like Elway, honestly.
 
2020-07-06 4:21:49 PM  

IAmRight: A ten-year contract in football seems nuts. But I suppose if you would do it for a position, it'd be that one.


With the NFL's rich tradition of contracts that are worth way less than they appear, I'll reserve judgment until I see how much is guaranteed over what period of time.
 
2020-07-06 4:26:58 PM  
As a lifelong Chiefs fan...this pleases me.

I have read where several remaining players are willing to take cuts just to play with him and stay on the team.

I can't even fathom what they are gonna rake in on Mahomes merch, but it probably takes the sting out of the checks The Hunt's have to write to him for this.
 
2020-07-06 4:27:57 PM  
I wish my team would sign him to that. Instead we will sign some Sam Cassel/Kirk Cousins clones and live comfortably below the salary cap. and miss the playoffs for a while.

/we are all going to miss the playoffs this year.
 
2020-07-06 4:31:42 PM  
Fark user imageView Full Size
 
2020-07-06 4:33:41 PM  

bass555: What to do if Defensive Coordinator from AFC West?


You are nit begoggle mister!
 
2020-07-06 4:33:52 PM  

BeatrixK: I can't even fathom what they are gonna rake in on Mahomes merch, but it probably takes the sting out of the checks The Hunt's have to write to him for this.


The have a minimum and a maximum that they have to pay out in salaries.  Paying Mahomes a metric assload doesn't really effect the Hunt's bottom line except if they can't field a complete team because of it.
 
2020-07-06 4:36:21 PM  

Devo: I wish my team would sign him to that. Instead we will sign some Sam Cassel/Kirk Cousins clones and live comfortably below the salary cap. and miss the playoffs for a while.

/we are all going to miss the playoffs this year.


Fark user imageView Full Size
 
2020-07-06 4:39:29 PM  

Waffle Nazi: Devo: I wish my team would sign him to that. Instead we will sign some Sam Cassel/Kirk Cousins clones and live comfortably below the salary cap. and miss the playoffs for a while.

/we are all going to miss the playoffs this year.

[Fark user image 360x540]


Weird. On Saturday I was talking to my brother in law about quarterbacks getting big contracts based on small sample sizes and he mentioned "Sam Cassell."

/the subject was the Lions wasting Barry Sanders's prime years by going all-in on Scott Mitchell
 
2020-07-06 4:42:48 PM  

Super Chronic: the subject was the Lions wasting Barry Sanders's prime years by going all-in on Scott Mitchell


He caught lightning in a bottle one year.  That is cruelest mistress of any NFL front office, they always think that guy can do it again.
 
2020-07-06 4:48:59 PM  

SirDigbyChickenCaesar: Full disclosure, I am a Broncos fan but I hope he gets to play out the whole contract.  He is awesome to watch.
I doubt he is going to hold up though with how he plays.



I'm not quite sure what you mean by "how he plays."  Is it because he's unafraid to throw deep passes, meaning he'll wait longer in the pocket to unleash his throws?  Or because he's a willing scrambler?

In both situations, my observation (and I've watched every one of his games, including a select few dozens of times) is that he's an aggressive QB who reads situations well enough to mostly avoid big hits. If he waits in the pocket, he seems to be quite good at turning his body to avoid big blows. When he scrambles, he usually slides early or goes out of bounds to avoid big hits (his wonderful pinball run in the AFC Championship notwithstanding).  His knee injury wasn't the result of anything particularly aggressive, but rather a major, non-contact fluke on a called QB sneak.  His ankle injury was the result of a constantly collapsing pocket by a pretty fierce and relentless Jacksonville pass rush.

I don't really think his style of play makes him any more injury-prone than most other QBs.  As with many QBs, his long-term health is going to largely depend on good o-line play and good fortune.
 
2020-07-06 4:53:52 PM  
Better hope he doesn't start to suck in 2-3 years.
 
2020-07-06 4:54:26 PM  

Rapmaster2000: The names Patrick Mahomes and Deshaun Watson are going to haunt Chicagoans for the next twenty years.


As a life long Bears fan, you are correct sir.
 
2020-07-06 5:04:43 PM  
His salary will account for 20% of the cap, but that hit decreases as the years pass. It's an interesting play for that fact alone. By 2024 the cap will be 250M per team. By 2030, if it stays at that growth will be 300M per team, contracts by then could be much larger as an effect of that. 

He'll also be ending that contract at 34, which is not 'young' but not exactly 'old' either. If they protect him, it should be a good deal for both. Chiefs will be a threat as long as he is even remotely healthy, and he will sell sooooo much merch.
 
2020-07-06 5:08:34 PM  
Adam Schefter  @AdamSchefter
6m
Compensation update: Patrick Mahomes' 10-year extension is worth $450 million, sources tell ESPN.
The injury guarantee is $140 million, per source.
The contract does not contain language that ties its value to a percentage of the salary cap.
Richest deal in sports' history.
 
2020-07-06 5:17:13 PM  
Not tied to a cap percentage. Mostly team options. The usual 2 or 3 year guarantees.

Mahomes got taken for a ride by the Chefs
 
2020-07-06 5:18:06 PM  

kukukupo: Better hope he doesn't start to suck in 2-3 years.


Why? Not like it's a guaranteed contract
 
2020-07-06 5:19:20 PM  

desertgeek: Adam Schefter  @AdamSchefter
6m
Compensation update: Patrick Mahomes' 10-year extension is worth $450 million, sources tell ESPN.
The injury guarantee is $140 million, per source.
The contract does not contain language that ties its value to a percentage of the salary cap.
Richest deal in sports' history.


Richest deal. Right now.

In 3 years the tip QBs will eclipse his salary.

In 6 the average QBs will eclipse it.

And he'll still have 4 more years.
 
2020-07-06 5:22:54 PM  
great googly moogly!
 
2020-07-06 5:23:24 PM  

SirDigbyChickenCaesar: Super Chronic: the subject was the Lions wasting Barry Sanders's prime years by going all-in on Scott Mitchell

He caught lightning in a bottle one year.  That is cruelest mistress of any NFL front office, they always think that guy can do it again.


Not all of 'em.

Fark user imageView Full Size
 
2020-07-06 5:24:58 PM  
What's going to end first, Mahome's contract or the name Chiefs in Kansas City?
 
2020-07-06 5:47:14 PM  

Hendawg: What's going to end first, Mahome's contract or the name Chiefs in Kansas City?


What's wrong with the name?
 
2020-07-06 5:49:51 PM  
Long term with bonus over the life, or exceeding market value?  It's usually one or the other.  Who the hell were they negotiating against?
 
2020-07-06 5:51:53 PM  

Nana's Vibrator: Long term with bonus over the life, or exceeding market value?  It's usually one or the other.  Who the hell were they negotiating against?


The best time for Mahomes to fire his agent was yesterday.

The 2nd best time is right now
 
2020-07-06 5:55:14 PM  

Super Chronic: Waffle Nazi: Devo: I wish my team would sign him to that. Instead we will sign some Sam Cassel/Kirk Cousins clones and live comfortably below the salary cap. and miss the playoffs for a while.

/we are all going to miss the playoffs this year.

[Fark user image 360x540]

Weird. On Saturday I was talking to my brother in law about quarterbacks getting big contracts based on small sample sizes and he mentioned "Sam Cassell."

/the subject was the Lions wasting Barry Sanders's prime years by going all-in on Scott Mitchell


Regarding the last note - why else could the Lions have conceivably gotten? Jeff George maybe? Is he going to have been that much better?
 
2020-07-06 6:06:15 PM  
No he wont. The Chiefs will be forced to change their name right after the Redskins and Indians change names.
 
2020-07-06 6:39:39 PM  
I see all the main points have been listed.  What was on my mind when I heard this was, "how much money could the Chefs have saved by getting him under contract LAST off-season?"
 
2020-07-06 6:49:20 PM  

full8me: I see all the main points have been listed.  What was on my mind when I heard this was, "how much money could the Chefs have saved by getting him under contract LAST off-season?"


Last off-season. Maybe 5 or 6 years and 30 per year.

And seemingly he has a bad agent. They might have gotten it
 
2020-07-06 6:51:04 PM  

Devo: I wish my team would sign him to that. Instead we will sign some Sam Cassel/Kirk Cousins clones and live comfortably below the salary cap. and miss the playoffs for a while.

/we are all going to miss the playoffs this year.


Might not help. Vikings are almost $10M over the cap. Zimmer has had enough time to mold the team he wants. It isn't working.
 
2020-07-06 6:52:11 PM  

Gubbo: full8me: I see all the main points have been listed.  What was on my mind when I heard this was, "how much money could the Chefs have saved by getting him under contract LAST off-season?"

Last off-season. Maybe 5 or 6 years and 30 per year.

And seemingly he has a bad agent. They might have gotten it


Probably.  I was just thinking a little foresight might have saved them some money.  Mahomes was CLEARLY the QB of the future.  Lock him up with a respectable deal and if you win it all the common refrain is, "That's why they gave him that contract!"  Maybe the Chiefs buy themselves 3-4 years of being able to keep more talent there.  

Coach Gruden was right about hindsight being 50/50.
 
2020-07-06 6:55:23 PM  

full8me: Gubbo: full8me: I see all the main points have been listed.  What was on my mind when I heard this was, "how much money could the Chefs have saved by getting him under contract LAST off-season?"

Last off-season. Maybe 5 or 6 years and 30 per year.

And seemingly he has a bad agent. They might have gotten it

Probably.  I was just thinking a little foresight might have saved them some money.  Mahomes was CLEARLY the QB of the future.  Lock him up with a respectable deal and if you win it all the common refrain is, "That's why they gave him that contract!"  Maybe the Chiefs buy themselves 3-4 years of being able to keep more talent there.  

Coach Gruden was right about hindsight being 50/50.


I don't buy the surrounding talent argument.

Look at every team. Half of all the players are still on rookie deals. Cap money is supremely easy to fudge and fiddle

You can have a high paid qb and have great surrounding talent. You just have to be smart about who you sign. And more importantly, who you cut
 
2020-07-06 6:56:47 PM  

IAmRight: A ten-year contract in football seems nuts. But I suppose if you would do it for a position, it'd be that one.


There are more than a few teams that could use a quarterback, it was smart to lick him down. I was really happy for the Chiefs and their fans when they won the Super Bowl, but I'm not gonna lie - I was praying the Rooneys would splurge enough to get Mahomes, seeing how Big Ben is on his way out.
I rooted for them after the Steelers were eliminated, and I'll do it again if it repeats.
 
2020-07-06 6:57:22 PM  

meera's frog spear: It's a shame there won't be any football for the next decade.


That's always a possibility in this timeline.
 
2020-07-06 6:59:14 PM  

desertgeek: Adam Schefter  @AdamSchefter

Patrick Mahomes' 10-year extension with the Kansas City Chiefs is worth over $400 million in total, per league sources.
The more significant question is, How much over $400 million?


The ability to stay in the same place for that long to raise a family is priceless when it's guaranteed.
 
2020-07-06 7:00:32 PM  

lindalouwho: desertgeek: Adam Schefter  @AdamSchefter

Patrick Mahomes' 10-year extension with the Kansas City Chiefs is worth over $400 million in total, per league sources.
The more significant question is, How much over $400 million?

The ability to stay in the same place for that long to raise a family is priceless when it's guaranteed.


It's the NFL. It isn't guaranteed.
 
2020-07-06 7:07:03 PM  

meanmutton: Super Chronic: Waffle Nazi: Devo: I wish my team would sign him to that. Instead we will sign some Sam Cassel/Kirk Cousins clones and live comfortably below the salary cap. and miss the playoffs for a while.

/we are all going to miss the playoffs this year.

[Fark user image 360x540]

Weird. On Saturday I was talking to my brother in law about quarterbacks getting big contracts based on small sample sizes and he mentioned "Sam Cassell."

/the subject was the Lions wasting Barry Sanders's prime years by going all-in on Scott Mitchell

Regarding the last note - why else could the Lions have conceivably gotten? Jeff George maybe? Is he going to have been that much better?


Keep Erik Kramer for a fraction of the price? Pretty sure he'd have beaten Mitchell's numbers if he had Moore and Morton.

/I dunno, I never said I had all the answers
 
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