Agent’s Take: Patrick Mahomes-type contract in another team
Agent’s Take: Patrick Mahomes-type contract in another team
Almost three years ago, Chiefs quarterback Patrick Mahomes landed the richest contract in American team sports history. The two-time Super Bowl MVP signed a 10-year, $450 million contract extension worth up to $475 million with incentives.
Mahomes dramatically raised the bar for quarterback salaries with his $45 million average yearly salary. The previous standard was the $35 million per year in the four-year extension Russell Wilson signed with the Seahawks in 2019. Mahomes got a 28.6% increase over Wilson’s deal.
The deal runs through the 2031 season. Mahomes was under contract for 12 years when he signed in July 2020 since he had two years remaining on his rookie deal.
Mahomes becoming the NFL’s highest-paid player was expected. The enormity of the contract took practically everybody by surprise. Prior to Mahomes’ deal, the five-year extension Matt Ryan signed with the Falcons in 2018 was the longest contract among the league’s highest-paid quarterbacks. The longest NFL contract in existence when Mahomes signed was the eight-year extension (10 total contract years) offensive tackle Tyron Smith signed with the Cowboys in 2014 to become the NFL’s highest-paid offensive lineman, which was an anomaly.
Typically, the later years of lengthy NFL contracts are essentially a series of one-year options where teams can release players when it best suits them. Mahomes has protections that aren’t usually in the later years of deals.
Mahomes’ contract breakdown
A significant amount of Mahomes’ compensation each year is in March roster bonuses that become fully guaranteed at least one year early. For example, Mahomes’ 2027 compensation consists of a $10 million base salary, a $49.4 million third-day-of-the-league-year roster bonus and a $550,000 workout bonus. The $49.4 million roster bonus, which is 83% of Mahomes’ 2027 money, becomes fully guaranteed on the third day of the 2026 league year. The base salary and workout bonus are fully guaranteed on the third day of the 2027 league year. The Chiefs would have to buy Mahomes out for $49.4 million to exit his deal in 2027 before the remaining $10.55 million became secure.
Mahomes’ 2026 contract year operates in the same manner so the Chiefs will be on the hook for his $38.9 million third day of the 2026 league year roster bonus in the previous March on the third day of the 2025 league year. All of the latter years in Mahomes’ contract are like this.
After 2028, the percentage of Mahomes’ compensation in a March roster bonus starts decreasing significantly. By 2031, the final year of the contract, the percentage of compensation in a roster bonus is less than 30%. The Chiefs have already done two contract restructures (in 2021 and 2023) where some or all of a roster bonus was converted into signing bonus for salary cap relief.
Mahomes’ contract guarantees and cash flow are underwhelming. Only $63,081,905 was fully guaranteed at signing, which equaled the cash in the first three years (2020 through 2022). At the time, Ryan’s $94.5 million was the most ever fully guaranteed at signing in an NFL contract.
The $141,481,905 in overall contract guarantees, which is the cash in the first five years (2020 through 2024), set an NFL record. Overall contract guarantees are defined as the amount guaranteed for injury at signing that can become fully guaranteed during the deal. The roster bonuses aren’t included in this calculation because each one is unguaranteed at signing although
the conversion to becoming completely secure occurs early.
Mahomes only got $6 million more over his remaining two years (2020 and 2021) than if he had played out his rookie contract. By contrast, quarterbacks Jared Goff and Carson Wentz, who signed $33.5 million and $32.8 million per year four-year extensions with the Rams and Eagles, respectively, in 2019 when at same point in their careers as Mahomes was at the time, received $30 million and $29.6 million more over the final two years of their rookie deals.
There was also a big disparity with 2017 first overall pick Myles Garrett’s deal with the Browns that made him the league’s first $25 million per year non-quarterback about a week later. The All-Pro edge rusher got $23.75 million more than he was scheduled make in the final two years of his rookie contract, which was $17.75 million better than Mahomes.
Mahomes’ contract is backloaded. He is getting $197.75 million or 43.9% of the new money over the first five new contract years (2022 through 2026), which averages $39.55 million per year. $252.25 million of the $450 million (56.1%) is in the final five new years for an average of $50.45 million per year. Mahomes’ deal doesn’t top the $40 million per year mark until the sixth new year in 2027 with a $42.95 million average yearly salary (by new money)
The Mahomes approach of signing such a lengthy contract certainty isn’t the way to maximize career earnings. He attempted to strike a balance between being compensated fairly and allowing the Chiefs to consistently remain contenders by providing enough flexibility with the salary cap to add talent to the roster, especially in the initial years of his contract.
Nobody else has followed the Mahomes’ blueprint of a lengthy contract. Allen’s six-year extension is the next longest high-end quarterback contract.
There has been speculation that Burrow, 2020’s first overall pick, might consider a Mahomes type deal, especially after Bengals Pro Bowl wide receiver Ja’Marr Chase’s comments during Super Bowl media interviews. “I think Joe knows what he wants and how he wants to set up his contract to keep some weapons around him,” Chase said. “I think that’s the biggest part for him.”
Bengals owner Mike Brown has expressed an affinity for how the Chiefs handled Mahomes’ contract on multiple occasions. “I sort of like how Mahomes said he doesn’t care about what those guys are getting,” Brown said last July. “He’s set for life with what he’s got. And why isn’t that a good way to look at it, I’m thinking.” Burrow indicated that his plan is to play his whole career with the Bengals in January before the playoffs started.
READ MORE: Prescott gets roasted by fans for Miami Grand Prix appearance with Patrick Mahomes
Burrow is scheduled to make $5,545,018 in 2023 on an $11,515,043 salary cap number. His fully guaranteed fifth-year option in 2024 is $29.504 million. Burrow has two years left on his contract for a total of $35,049,018.
A Mahomes type deal wouldn’t just provide for a nominal increase over the top of quarterback market, Jackson’s $52 million per year, where Burrow is at $53 million per year. Rodgers raised the bar for quarterback salaries nearly 12% when he surpassed Mahomes’ as the league highest-paid player. Doing the same for Burrow would put him in the $58 million per year neighborhood. That’s still insufficient to have Burrow under contract through the 2034 season
Latest Shakira and Lewis Hamilton identical surfing videos stirred reaction fron netizens
The latest Shakira and Lewis Hamilton identical surfing videos stirred reactions from netizens
Shakira and Lewis Hamilton dating rumors just got bigger as a couple of videos went viral for being very similar, Shakira and Lewis Hamilton are seen surfing each in their video but they are never seen together
Shakira has most likely turned the page on her past relationship, her painful breakup with the former Spanish footballer as she has been spotted next to Formula 1 driver Lewis Hamilton on several occasions, fueling rumors and assumptions of a potential relationship that may be building between the two.
Shakira and Lewis Hamilton are in the early stages of dating, People reports. pic.twitter.com/bauqHp5CcMARTICLE CONTINUE AFTER THE ADVERTISEMENT..... SCROLL DOWN
— Pop Base (@PopBase) June 8, 2023
According to some European media reports, the singer and the F1 driver have already been seeing each other for a month and substantially increasing the number of dates.
Shakira has reportedly been seen in the arms of Lewis Hamilton in videos and photos after attending the Spanish Grand Prix.
Latest Shakira and Lewis Hamilton identical surfing videos stirred reaction from netizens
Close friends of the two have said that they have been spending a lot of time together lately and have been gradually getting to know each other, having fun and flirting.
Shakira with Lewis Hamilton, Mbappé, and Neymar in Barcelona last night. 💃🏽pic.twitter.com/ar3ztX5c8I
— shakirastuff | fan account (@shakirastuff_) June 5, 2023
Shakira becomes Billboard’s ‘Woman of the Year
Shakira’s first appearance at an F1 race this year took place in Miami a day after she received Billboard’s “Woman of the Year” award at the inaugural “Latin Women in Music” gala.
Watch The Video Here https://videos.marca.com/v/0_rvx79so8-lewis-hamilton-and-shakira-share-identical-videos-of-them-surfing-coincidence?count=0
Shakira reportedly confessed, during the reception of her award, that this year was one of many radical changes in her life, during which she felt more than ever what it means to be a woman.
READ MORE Ferrari ignored Charles Leclerc as problem loom
In her latest songs, Shakira has used music as therapy, referring to her ex-partner, and has tried to free herself from the trauma caused by the separation.THERE IS COMMENT BOX AFTER THE ADS, SHARE YOUR THOUGHT WITH US
Kevin Harvick Changes Voice About His Retirement
Kevin Harvick Changes Voice About His Retirement
Nascar champion Kevin Harvick is preparing for the biggest change of his professional career. It’s bigger than when he began racing full-time in the Cup Series for Richard Childress Racing, and it’s larger than becoming the ace driver at Stewart-Haas Racing.
Harvick is ready, and he’s excited about the next challenge of his life as he steps away from full-time Nascar racing at the end of the season.
“I have no regrets,” Harvick said, reflecting on his retirement.
The decision, he said, mulled over his head for the last five years before finally deciding now is the right time to hang up his helmet. The man who’s been one of the voices of the garage area for the last few years is now set to be the voice of Nascar on TV. He’s headed to the Nascar on Fox booth, where he’ll serve as an analyst alongside play-by-play announcer Mike Joy and former teammate Clint Bowyer.
“Every week has been like, ‘That was the last Daytona 500, the last Coke 600,’” Harvick said. “I haven’t gotten out of the car once and said, ‘I don’t know if this is the right thing to do.’ Part of that is because I know I’ll be sitting in the TV booth next year. We have all of our business in line, the structure for everything we have and our people. It’s a great time to transition and be part of what my kids have going on, and I’ll help DeLana with them. I’m enjoying every week, but I’m not disappointed it’s the last one.”
Harvick is having a solid final season with Stewart-Haas Racing. He is only one of two Ford drivers — the other being Ryan Blaney — to rank in the top 10 in the standings through the first 15 races.
Currently, Harvick is on pace to perform better in his final season than four-time Cup Series champion Jeff Gordon did in his 2015 retirement tour. That season, Gordon won his final event with just four races left in the season, locking him into the championship battle for the last time. Gordon ended his final full season with five top fives and 21 top 10s with a 13.7 average finish.
Harvick has shown that age hasn’t slowed him down one bit. As the leader of Stewart-Haas Racing, he’s been the one to find speed while his three teammates sit 25th or worse in the standings, though Chase Briscoe received one of the biggest penalties in Nascar history following the Coca-Cola 600 and was docked 120 points.
But even with strong performances to start the year, Harvick is not changing his decision. He will not pull a Tom Brady and return for another final chapter.
“As we’ve gone to each race, we started planning and put the pieces in a play about a year ago to officially say there is no more maybe and there are no more extensions,” Harvick said. “This is it.”
Harvick may be even busier in his post-driving career than he is at the moment.
KHI Management, his sports management firm, is expanding. The pieces are in place to have Harvick himself take on an enhanced role, serving as a mentor for the athletes and drivers he works with. Among the firm’s clients are potential future drivers at SHR, including Harrison Burton, Todd Gilliland, and, most recently, Josh Berry. Berry, who drives for JR Motorsports in the Xfinity Series and filled in for Chase Elliott and Alex Bowman with Hendrick Motorsports in the Cup Series this year, is reportedly finalizing a deal to take over Harvick’s car in 2024.
The team at KHI, which includes three people who have worked with Harvick for 25 years, has been hard at work for the last year to prepare him for what’s next. And he leaned on SHR co-owner Tony Stewart about how to enjoy his final season.
“We put logos into place for racetracks, fans, and merchandise,” Harvick said. “We put a lot of pieces into play for the small things that we didn’t want to creep up as we started the season. Stewart-Haas Racing has been a huge part of everything that we have going on because of everything they did with Tony.
“Getting advice from Tony and everybody on his team about things they did like and didn’t like, how they did things, what was the most distracting. Our goal from the beginning was to make sure the distractions didn’t get in the way of the competition.”
Along with his Nascar on Fox gig, Harvick will be traveling to his son’s races. Until now, he’s only seen 11-year-old Keelan Harvick compete in Europe twice. Now, it’s time to focus on being a dad and a coach.
Harvick said, “Being able to spend more time with his racing and watch Piper do what she wants to do and not have my wife look at me with the evil eye while she’s traveling to watch Keelan race. I want to have flexibility in my schedule to spend more time with all of them. They’re at a pivotal point in their lives where they need both of their parents to be part of it as much as possible. Getting out of the competition side allows me to have some flexibility in my schedule.”
To top it off, Harvick is also one of the new owners of the CARS Tour, alongside Dale Earnhardt Jr., Jeff Burton, and Justin Marks.
“I’ll probably be busier, but it’s a different busy,” Harvick said. “This is the part that’s hard for people to understand: you see Sunday and you see the race, but you don’t see all of the work during the week.
“Not being responsible for that competitive mindset will make my brain function a lot easier. That’s the main part that will free up the mental capacity that’s absorbed by the competition side. The only way to be good at this is to do it everyday and be involved with it at a high level, because the more details you can cover and the better that’s structured, the better you’re going to be.”
As Harvick prepares for the second half of the Nascar season, his eyes are on the championship trophy. There’s only one way for him to go out, he believes, and that’s on top.THERE IS COMMENT BOX AFTER THE ADS, SHARE YOUR THOUGHT WITH US
Dale Jr Received Request in War With Hendrick Motorsports Star
Dale Jr Received Request in War With Hendrick Motorsports Star
The collaboration between Denny Hamlin and Dale Earnhardt Jr has been paying dividends. The Actions Detrimental podcast is a great hit among the followers of the sport. As a part of the Dirty Mo Media house, the podcast continues to captivate listeners. But that was only the case till now, as we now figure out that the podcast even has some of the top drivers intrigued, like Brad Keselowski.
To take a step back and give you proper context, Hamlin’s very recent initiative, which he spoke about on his podcast, was a successful proposal of a bracket of five rounds, similar to the NCAA Tournament. But who better to explain it than Hamlin himself, right?
DH's Million Dollar Idea: The Midseason Single Elimination Tournament 🤯ARTICLE CONTINUE AFTER THE ADVERTISEMENT..... SCROLL DOWN
Watch @dennyhamlin explain here ➡️ https://t.co/6aBuUO3tKi pic.twitter.com/lwFdLqkqro
— Dirty Mo Media (@DirtyMoMedia) April 25, 2023
Seeing the positive response from fans, Dirty Mo Media made Denny Hamlin’s Bracket Challenge a reality by enabling users to enter their NASCAR bracket predictions for the upcoming five races from Kansas to Sonoma. Former champion Brad Keselowski is also one of the famous participants in the competition. Knowing he is up against an HMS star, he put up an interesting offer in front of the JGR driver.
Leaving Money Aside, Brad Keselowski Asks Denny Hamlin for Something Much More Fun!
The bracket challenge, popularized through #DHBracketChallenge, has gained much traction from the fandom. Productions from Dale Jr’s media house have been following the pattern of delivering the goods.
The final round of the bracket challenge sees Keselowski face off against the Hendrick Motorsports driver, William Byron. The announcement of the fixture through Twitter attracted Keselowski. Replying to the post, he said,” How much do I get if we win this?”
It was at this point that Denny Hamlin interjected to reveal the aspirations of the project. With a projection of a higher revenue than the current edition, Hamlin portrays a hope for a million-dollar cash prize.
Hopefully millions next year…@NASCAR
— Denny Hamlin (@dennyhamlin) June 6, 2023
Shrugging off the money matter, Keselowski instead offers a lucrative deal from his side. He first demanded mere presence on Hamlin’s podcast and then went on to appeal to Dale Earnhardt Jr.
His tweet read, “Can’t speak for @WilliamByron but If I win, No money required. I’ll even come on your podcast if you agree to do this. Seems like a fair deal.THERE IS COMMENT BOX AFTER THE ADS, SHARE YOUR THOUGHT WITH US