The Kansas City Chiefs are restructuring quarterback Patrick Mahomes’ contract in a move that would save the club $17 million against the 2021 NFL salary cap, as first reported by ESPN’s Adam Schefter.
Patrick Mahomes pending contract restructure that will save the Chiefs about $17 million against the cap will allow KC to do some free-agent shopping.... https://t.co/py1pVGCxVm
— Adam Schefter (@AdamSchefter) March 12, 2021
Schefter notes that the team will convert Mahomes’ $21.7 million roster bonus to a signing bonus in the coming days, which would save Kansas City $17 million against the cap.