Yesterday afternoon it was announced that Mahomes signed a massive contract extension with the Chiefs. The cap hits are as follows.
|Year||Cap Hit (Millions $)|
One interesting thing is that for all those large numbers, Mahomes won’t be the highest paid player in the NFL until 2023. Even in 2022 he’ll only be 7th behind such luminaries as Kirk Cousins and Jared Goff. With the increasing cap and new contracts constantly setting new records, it’s entirely possible that Mahomes won’t even be #1 in 2023 by the time we get 3 years of new quarterback contracts.
On the other end he will have a $60 million cap hit in 2027. That’s going to be a very interesting year.
Speaking of $60 million, that would be our dead cap hit now if we cut him before the season. So we’ll be stuck with him for at least one more year.
What are your thoughts on the new contract?