The Chiefs restructure Patrick Mahomes' contract for salary cap relief, AP source says
The Kansas City Chiefs have restructured quarterback Patrick Mahomes’ contract, a person familiar with the decision told The Associated Press on Wednesday
KANSAS CITY, Mo. (AP) — The Kansas City Chiefs have restructured quarterback Patrick Mahomes' contract, a person familiar with the decision told The Associated Press on Wednesday, giving the Super Bowl champions some much-needed salary cap space.
The person spoke to the AP on condition of anonymity because the financial details were not public.
By restructuring the contract, which would have counted more than $58 million against the cap for the upcoming season, the Chiefs created more than $21 million to use elsewhere. That could include a much-publicized pursuit of help at wide receiver, their need for a new left tackle to protect Mahomes' blind side, or in re-signing their own free agents.
Mahomes also adjusted his 10-year, $450 million contract in 2021 to help the Chiefs with their financial situation.
