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Chiefs Restructure Patrick Mahomes' Contract, Clear $43M in Cap Space
The Chiefs converted $54.45 million of Mahomes' 2026 salary to a signing bonus, lowering his cap hit to $34.65 million and freeing $43.6 million for offseason moves.
- On Feb. 18, 2026, the Kansas City Chiefs restructured Patrick Mahomes' contract, creating $43.56 million in salary-cap space by converting $54.45 million of his 2026 pay to a signing bonus and cutting his cap hit to $34.65 million.
- Facing persistent cap deficits, the Kansas City Chiefs entered the offseason more than $54 million over the projected cap, forcing Brett Veach, Kansas City Chiefs general manager, to act with free agency less than a month away and cap compliance deadlines looming.
- Longer-Term, the deal increases fiscal pressure on future seasons as Mahomes' cap hits will rise by roughly $19 million per year, with the 2027 number now over $85 million, according to cap analysts.
- The Chiefs still sit about $11 million over the cap despite restructuring and could save $20M and $8.9M by releasing Jawaan Taylor, right tackle, and Mike Danna, defensive end.
- After another offseason restructure, reports say a similar move for All-Pro defensive tackle Chris Jones is next, despite the 6-11 season record in 2025.
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"And Tyreek Hill is a Chief again" "How is this legal": NFL fans react as Chiefs restructure Patrick Mahomes’ contract from $78.2M to $34.65M
The Kansas City Chiefs know how to work a salary cap. Their latest Patrick Mahomes financial move had fans doing a double-take and connected it to a familiar name.
Coverage Details
Total News Sources28
Leaning Left4Leaning Right2Center12Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 22%
C 67%
11%
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