Less than a year after signing the most lucrative NFL contract, Patrick Mahomes agreed to restructure it.
MVP quarterback will restructure his business and create $ 17 million in space for bosses, Adam Schefter of ESPN.com tweets. The language of the Super Bowl’s two-title deal allows Chiefs to automatically restructure it to create a capitalization space, Tom Pelissero of NFL.com tweets.
The Chiefs will transfer much of the $ 21.7 million Mahomes list bonus to a prorated subscription bonus. This happens a day after the team cut Mahomes’ two initial tackles. Kansas City created about $ 35 million in limit space in the past two days.
Even after the launch of Mitchell Schwartz and Eric Fisher, the Chiefs were more than $ 4 million above the $ 182.5 million salary cap. Mahomes’ restructuring, part of his $ 450 million 10-year contract, will put Kansas City under the limit, providing ammunition essential for the addition of new line attackers.
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