AFC Notes: Broncos, Chargers, Chiefs

Broncos

Chargers

Chiefs

  • Chiefs GM Brett Veach on QB Patrick Mahomes: โ€œHis abilities are so rare, and to couple that with an incredible personality is outstanding. Weโ€™re going to continue to do everything we can to surround him with talent, and this deal provides us more flexibility to do that.โ€ (James Palmer)
  • Chiefs HC Andy Reid on Mahomes: “Iโ€™ve had the privilege of coaching a lot of incredible athletes and special people in my career, and Patrick is without question on that list of players. The best part is heโ€™s still early in his career.” (Aaron Wilson)
  • Chiefs owner Clark Hunt on Mahomes signing: “This is a significant moment for our franchise and for the Chiefs Kingdom. Since he joined the Chiefs just a few years ago, Patrick has developed into one of the most prolific athletes in all of sports.”(Aaron Wilson)
  • Mahomes will receive $477 million in guarantee mechanisms, which give him an out if the mechanisms arenโ€™t exercised. The deal also has a no-trade clause. Mahomes becomes the first half-billion-dollar player in history and receives the largest contract in sports history. The deal also marks the first time an NFL player has been the highest-paid player in sports history. (Ian Rapoport)
  • The guarantee mechanism will guarantee Mahomes’ salary a year out. And if they donโ€™t pick up each guarantee, they have to cut him to avoid picking up the future guarantee. (Ian Rapoport)
  • Adam Schefter reports that starting in 2022, Mahomes has a $1.25 million incentive for winning the AFC Championship game and a $1.25 million incentive for winning NFL MVP. That means that over 10 years, Mahomes can earn $25 million of incentives which will up the value of his deal from $477 million to $503 million.
  • Mahomes receives a $10 million signing bonus and has roster bonuses on a rolling guaranteed basis in future years, including a large $49.4 million bonus due in 2026. The entire deal is conditionally guaranteed, which will leave the Chiefs with a lot of short-term flexibility. (Tom Pelissero)
  • Jeremy Fowler reports that the first three years of Mahomes’ deal are fully guaranteed. He adds that $63 million is due at signing and $103.5 million is due by March 2021. In 2023, Mahomes will receive a roster bonus of more than $34 million and that Many of his bonuses become guaranteed two years early, as his 2024/25 bonuses lock-in during the 2022/23 season.
  • Mahomes will receive a $50 million roster bonus in 2027, according to Chad Graff.

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