The Kansas City Chiefs made a daring move by turning their star QB Patrick Mahomes’ roster bonus into a signing bonus, creating a lucrative $9.6M cap space in an effort to keep the team’s formidable defense.
The Chiefs have already traded Orlando Brown Jr. to the Cincinnati Bengals, Khalen Saunders to the New Orleans Saints, Juan Thornhill to the Cleveland Browns, and Michael Burton to the Denver Broncos. Also, the Chiefs had waived defensive end Frank Clark, which allowed them to reduce their salary cap by $21 million.
However, they also decided a replace these positions by signing offensive tackles Jawaan Taylor and Charles Omenihu and re-signing defensive lineman Tershawn Wharton.
The Chiefs to continue their journey with Patrick Mahomes
According to ESPN’s Field Yates, the Chiefs decided to take advantage of their veteran quarterback Patrick Mahomes’ by converting his some or all roster bonus into a signing bonus, and the team opened up $9.6 million for the 2023 NFL season.
The Chiefs have converted $12M of QB Patrick Mahomes’ 2023 roster bonus into a signing bonus, creating $9.6M in cap space, per source.
More flexibility for the champs throughout free agency. pic.twitter.com/lQZlD87acp
— Field Yates (@FieldYates) March 16, 2023
OverTheCap.com projects that Patrick Mahomes’ cap hit with the Chiefs will be $39.7 million in 2023, $46.7 million in 2024, and $48.7 million in 2025. His current contract with the Chiefs runs through the end of the 2031 season.
After completing Patrick Mahomes’ contract, OverTheCap.com’s estimations indicate that the Kansas City Chiefs have a remaining effective cap space of $13.6 million.
As a result of this contract, Mahomes inked a record-setting 10-year, $450 million deal before the 2020 season, enabling the quarterback to receive his money sooner. The Chiefs also benefited from the transaction, allowing them to make additional moves in free agency.
The #15 enjoyed one of the best seasons in 2022 as he grabbed another Super Bowl for the Chiefs and won his second NFL MVP.
It seems the Chiefs made the right call in converting Mahomes’ roster incentive into a signing bonus because it will help them keep their Super Bowl-caliber roster together and their title hopes alive for the long haul.
Are you happy with the Chiefs’ decision? You can share your thoughts with us in the comments.
