A triumvirate of Kansas City Chiefs stars will join that group.
The Chiefs are restructuring the contracts of Patrick Mahomes, Travis Kelce and Chris Jones, NFL Network’s James Palmer reported, per a source informed of the plans.
The trio of moves is expected to free up enough salary cap space to where K.C. should start the new league year with around $20 million in cap room, Palmer added.Albert Breer of The MMQB first reported the restructures.
Mahomes’ contract includes a clause that the team can convert salary or bonuses into a signing bonus automatically — i.e., they don’t have to let the QB know they’re performing the restructure. We’re confident Mahomes isn’t complaining about getting a lump of cash dumped into his account. The star QB was
scheduled to count $24.8 million against the cap in 2021.
Kelce was slated to count $13.25 million against the cap, with a base salary of $5.25 million and a roster bonus of $7 million. Jones was set to count $21.875 million against the cap, including a $20 million roster bonus.
More often than in any other offseason, NFL clubs are using restructures to lower cap hits in 2021 due to the salary cap sinking to $182.5 million due to lost revenue during the COVID-19. Most restructures are a simple conversion of base salary or a roster bonus into a signing bonus. The mechanism allows the team to spread the hit over a maximum of five years.
When K.C. signed Mahomes to a 10-year, $450 million contract, one idea was that it would offer the club flexibility to maneuver money. That’s exactly what Kansas City will do in this cap-strapped season. Kelce’s and Jones’ deals also provide the ability to spread the cap hit over future seasons to allow the AFC champs room to revamp their roster on the fly.
With major needs along the offensive line, Chiefs GM Brett Veach and coach Andy Reid surely already have a plan to use their freed-up cap space.
News
Beyond Fandom: Decoding the Dynamite Impact of Patrick Mahomes’s Supporters on His Legendary Career
The Impact of Patrick Mahomes’ Fanbase Patrick Mahomes has quickly risen to become one of the biggest stars in the NFL. In just a few short seasons, he has led the Kansas City Chiefs to a Super Bowl victory, won…
Travis Kelce’s Pre-Celebrity Days: The Intriguing Insights You Never Knew
Travis Kelce’s Pre-Celebrity Days: The Intriguing Insights You Never Knew Before the touchdown celebrations and endorsement deals, Travis Kelce was just another kid with a dream of making it to the NFL. While he’s now a household name and one…
Kansas City Chiefs’ Star Travis Kelce Reveals Surprising Pre-Fight Training Rituals
The Making of a Champion: Inside Travis Kelce’s Pre-Game Process Travis Kelce is widely considered one of the best tight ends in the NFL. The six-time Pro Bowler has cemented his status as a future Hall of Famer with his…
Patrick Mahomes’ Hollywood Touchdowns: The TV Shows You Never Knew He Was In
Patrick Mahomes: Uncovering the Quarterback’s Hidden TV Cameos Patrick Mahomes has quickly become one of the biggest stars in the NFL. As the quarterback of the Kansas City Chiefs, Mahomes has established himself as one of the most electrifying players…
Fire and Flavor: Patrick Mahomes’ Mouthwatering Tales of Conquering Culinary Frontiers
Patrick Mahomes’ Mouthwatering Tales of Conquering Culinary Frontiers Patrick Mahomes has taken the NFL by storm with his record-breaking performances on the field. But few fans may know that off the field, Mahomes has another passion – cooking. While he…
Travis Kelce’s friend says a wedding between Taylor Swift and the Chiefs star will ‘hopefully’ happen ‘soon’
Patrick Regan – Travis Kelce‘s barber and close friend – is wishing that the Chiefs star ‘hopefully soon’ proposes to his popstar girlfriend Taylor Swift, as he claims that their wedding ‘would be fun.’ Sharing his insights on the NFL’s most high-profile…
End of content
No more pages to load