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Report: Patrick Mahomes to restructure contract, saving Chiefs $17 million in 2021 cap house

The Kansas Metropolis Chiefs are restructuring quarterback Patrick Mahomes’ contract in a transfer that might save the membership $17 million in opposition to the 2021 NFL wage cap, as first reported by ESPN’s Adam Schefter.

Schefter notes that the workforce will convert Mahomes’ $21.7 million roster bonus to a signing bonus within the coming days, which might save Kansas Metropolis $17 million in opposition to the cap. If the maths is correct, based mostly upon what we all know, that might put the chiefs roughly $13 million below the cap simply in time for the league’s new yr on March 17.

NFL Community’s Tom Pelissero added a be aware concerning language in Mahomes’ contract, which sees him in Kansas Metropolis for the following 11 seasons.

What’s going to this imply for the Chiefs in free company? Keep tuned.