After claiming their first Super Bowl championship in 50 years, the Chiefs now have one of modern sports’ most important contracts to complete. Patrick Mahomes and the Chiefs are expected to negotiate a new deal this offseason, although Clark Hunt indicated a new deal is not necessarily a lock for 2020.
The Chiefs and Mahomes are not expected to finalize anything until after the draft, according to NFL.com’s Tom Pelissero (video link). This contract will certainly make the reigning Super Bowl MVP the NFL’s highest-paid player, but the 24-year-old superstar is also cognizant of the contract’s impact on the Chiefs’ roster, per Pelissero. Following Super Bowl LIV, Mahomes said he would like to stay in Kansas City for a long time.
Kansas City has some key issues to address, in addition to Mahomes’ market-shifting deal. Chris Jones is a free agent and is a logical candidate for the franchise tag. Travis Kelce has outplayed his $9.4MM-per-year pact and may soon see George Kittle reset the stagnant tight end market. And Sammy Watkins is set to carry an untenable $21MM 2020 cap number.
A new collective bargaining agreement being finalized before the new league year begins in March also represents a key component to the Chiefs’ Mahomes negotiations. Of course, the longer the organization waits, the more the price will rise. Mahomes is set to make just $735K in base salary next season. It seems unlikely the 2018 MVP would return under those terms, even if the Chiefs have him under team control through 2021.
The Eagles and Rams extended their 2016 first-round quarterbacks after their third seasons, though the Cowboys remain in talks with Dak Prescott. Mahomes’ new deal should either approach or surpass $40MM AAV, which would then have a sweeping effect on how future quarterback negotiations unfold and reshape how future Chiefs rosters are constructed.
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