In an offseason with many quarterback signings, the NFL world has been rocked with what might be the biggest one yet. In a stunning news story that broke midday on Monday, the Kansas City Chiefs signed star quarterback Patrick Mahomes to a massive 10-year contract extension worth $450 million. The deal keeps Mahomes under contract through 2031, and gives him the most lucrative deal in NFL history. The extension also gives Mahomes a $140 million injury guarantee. To see my live stream on this record-breaking extension, make sure to click the link below.
Mahomes is only 24 years old, but he has already established himself as a star in a league where teams rely heavily on young quarterbacks with cheap contracts. His achievements have already given the Chiefs a massive return after they selected him 10th overall in the 2017 NFL draft. After taking over the Chiefs' starting role in 2018, Mahomes took the league by storm, throwing for over 5,000 yards with an amazing 50 touchdown passes. In 2019, the dual-threat quarterback continued to tear defenses apart, and he led the Chiefs to a Super Bowl victory after recovering from a dislocated kneecap. Mahomes's dynamic style of play and his ability to make accurate throws on the run make him a tremendous asset to the Chiefs, and he is the perfect player to set the standard for new quarterback contracts. However, while Mahomes deserves to be the highest-paid quarterback in the league, there is a good argument that he is being overpaid, and that his contract will have negative impacts on the Chiefs.
Patrick Mahomes is the type of player that can completely change a team's future outlook, and because having a good quarterback is so vital in the NFL, it is understandable that Mahomes was signed to such a huge contract. However, the contract will undoubtedly hinder the Chiefs' ability to build a solid team around him. Star offensive weapons such as wide reciever Tyreek Hill and tight end Travis Kelce will be yearning for a sizable salary as well, and with the salary cap constraints that Mahomes creates, the Chiefs may not be able to re-sign one or both of those players, who are crucial to the team's success.
Teams are also discovering that a good way to find success in the NFL is to have a talented quarterback on a cheap contract. With that kind of quarterback, teams are able to sign more expensive players on offense, thereby increasing the chances of the quarterback's success. The best way to find these bargains is through the draft, where contracts are easy to pay. Teams such as the Baltimore Ravens, Houston Texans, and even the Chiefs themselves have utilized this strategy, and thus, they have had a lot of success in recent years. The New England Patriots were also helped a lot by Tom Brady's willingness to take team-friendly contracts. The motivation for the Chiefs wanting to sign Patrick Mahomes at all costs is understandable, but the past few years have shown that that might not be the best strategy. Quarterbacks are tough to replace, but easy to move on from, and if the Chiefs had decided to gamble on a couple of players in the draft instead of spending a fortune on Mahomes, they could've eventually obtained another great quarterback at a low cost.