Report: Chiefs restructuring Mahomes' deal to save $17M in cap space
The Kansas City Chiefs are expected to restructure the contract of star quarterback Patrick Mahomes in order to save $17 million against the cap, sources told ESPN's Adam Schefter.
Mahomes' $21.7-million roster bonus reportedly will be converted into a signing bonus.
The Chiefs are currently around $4.4 million over the NFL's $182.5-million salary cap after releasing starting offensive tackle Eric Fisher and Mitchell Schwartz on Thursday, per Over The Cap.
The move should allow the reigning AFC champions to make some free-agent additions as they look to bounce back from their Super Bowl LV loss to the Tampa Bay Buccaneers.
Mahomes signed a league-record 10-year, $450-million contract in July.
The former NFL MVP is coming off another All-Pro season in which he threw for 4,740 yards and 38 touchdowns against six interceptions en route to the second Super Bowl appearance of his career.