▲ The modification of the agreement between the quarterback and the NFL champions will allow the team to invest in more reinforcements. Photo @patrickmahomes
Ap
La Jornada Newspaper
Thursday, March 14, 2024, p. a11
Kansas City. The Kansas City Chiefs have restructured the contract of their quarterback Patrick Mahomes, seeking to give the Super Bowl champions more room for maneuver in their salary cap, said a person familiar with the decision, who spoke on the condition of not be identified because financial details were not disclosed.
By modifying the agreement, which would have weighed $58 million against next season’s salary cap, the Chiefs got $21 million more that they can invest in new reinforcements.
For this campaign, the limit for each team is 255.4 million dollars, with which each franchise must cover the expenses of the 53 players that make up the squad, of which Kansas City only had available, before the start of the season. free agency, 27 million 697 thousand 796 dollars for signings, according to the specialized site OverTheCap.
With the modification to the contract, which the NFL star signed for $450 million and 10 years in 2021, his team has a greater possibility of acquiring players and renewing others during the current free agency period. It is not the first time that the huge contract has been changed, since last year it also had changes to increase Mahomes’ salary.
The high competition in the American Conference was a factor for the Chiefs to carry out this maneuver, since a direct rival like Cincinnati has one of the largest free spaces in its salary cap, with 78 million 836 thousand 373 dollars to reinforce before of the transfer period, according to OverTheCap.
The team led by Joe Burrow has been the only one in the American Conference to beat Mahomes in the postseason since his fall in 2018 with Tom Brady’s Patriots, so there is currently a direct rivalry.
Among the needs for those led by Andy Reid is to find a receiver to strengthen the offense, since since the departure of Tyrek Hill to the Miami Dolphins, none has met expectations. At the same time, they would seek to add a new left lineman to protect Mahomes.
In recent moves, the Chiefs re-signed star defensive back Chris Jones, offering him a five-year, $158.75 million contract, including $95 million guaranteed in the first three years. But that deal was structured so that it will barely weigh $7.35 million against the 2024 salary cap.
With more spending room, L’Jarius Sneed, who quietly established himself as one of the NFL’s best cornerbacks last season, could remain in Kansas City.
The Chiefs resorted to the franchise tag, which would be equivalent to a $19.8 million one-year deal, but it is widely believed that they will ultimately trade Sneed for a World Cup pick. draft and open salary space.
Now, the Chiefs will be able to keep the amount awarded to franchise players low or take advantage of their new spending margin to lock them into a long-term contract.
2024-03-14 10:00:00
#Mahomes #rescue #frees #million #Kansas #Citys #salary #cap
