Patriots

Patrick Mahomes contract will be an albatross for dynasty-chasing Chiefs

Patrick Mahomes contract will be an albatross for dynasty-chasing Chiefs

“We’re chasing a dynasty.”

That’s how Patrick Mahomes closed his ode of gratitude after signing the richest contract in pro sports history.

Of course you are, Patrick. You and everyone else.

But are you chasing “a” dynasty? Do you just want to be mentioned along with the Packers, Steelers, Niners, Cowboys and Patriots, the only dynasties of the Super Bowl era?

Or are you using chasing as in following? As in the dynasty that came immediately before you? Specifically, New England. The only dynasty of the salary cap era.

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Because if you’re chasing the Patriots, modeling yourself after the Patriots, thinking you and the Chiefs might be the Patriots and go to four Super Bowls in one decade and five in the next, you and your team just made a fundamental mistake. You went “pig at the trough.”

That phrase is one I heard from key folks in the Patriots organization several times in the early 2000s. Tom Brady? Not a pig at the trough when it came to contract time. Peyton Manning? Pig at the trough.

What difference does it make?

Without a piggish quarterback, you can still go 11-5 because there’s talent all over the roster. The Patriots did that in 2008. But when you have to feed and feed and feed that position? The roster gets so thin elsewhere that – without the quarterback – a team might go, say, 2-14 after nine straight seasons of double-digit wins as the Colts did in 2011 without Manning.

This isn’t to say that the Chiefs did the wrong thing in signing Mahomes. Business-wise, they win. And Mahomes wins as well. But lack of funds because of fat cap hits will inevitably make the on-field product suffer and make the chase for a dynasty that much harder.

You can’t blame the Hunt family.

Mahomes is the most important and impactful player in the NFL.

What he authored in the 2019 playoffs is unprecedented - erasing a 24-0 deficit and winning 51-31 in the Divisional Playoffs, going on a 35-7 run in the AFCCG to erase a 10-point deficit then score 21 unanswered in the fourth to erase another 10-point deficit in the Super Bowl. All that coming after the AFCCG nut punch from the Patriots at Kansas City when Mahomes did all he could in the second half to resuscitate KC but came up short because the Chiefs defense sucked.

Having Mahomes sewn up for a dozen years makes their already-skyrocketing asset that much more valuable.  

Consider this: According to Forbes, the Chiefs were the 28th most valuable franchise in the NFL with a total value of $986 million in 2011. By 2018, they were 24th in the league worth $2.1 billion and last September they were still 24th worth $2.3 billion. That will likely rise to nearly $3 billion when Forbes' new list comes out given the Super Bowl win and the presence of Mahomes, which will bring in way more revenue over the next 12 years than the $503 million they pay him.

The Chiefs made the deal as easy-to-swallow as they could in the first two years. Plus, the so-called “guarantee mechanisms” give the Chiefs an escape hatch they can use basically every year.

As for Mahomes, what’s he going to do, turn down a half-billion? Take the money and run, especially since the NFL could be approaching a bit of a recession.

The cap is going down in 2021 because local revenues are going to suffer with the pandemic. The changing media landscape, the financial fallout networks may experience because of COVID-19 and the fact this season may not deliver the same product the networks signed up for all may serve to diminish the next TV deal. The wrangling over how to deal with the drops has just begun.

So the deal is good for the Hunts and it's good for Mahomes.

But the cap hits begin getting big in 2022 ($31.5 million) and they are around $40 million for the next five seasons after that before ballooning to $60 million. If the NFL spreads out the revenue loss and cap decline it’s going to realize this season over a three-year period to soften the blow, the cap is not going to rise at the anticipated level.

And that’s not that good for the football team. Right now, defensive end Chris Jones is playing on a $16 million franchise tag and is pissed about it. Travis Kelce will make about $9 million the next two years as the best tight end in football. The Chiefs have six players this year with cap hits over $15 million. They can do that because Mahomes is a bargain with a $5.3 million cap hit.

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“If the Kansas City Chiefs can keep all the players together, we’re going to be a dynasty,” Chiefs receiver Sammy Watkins said on Tuesday. Yeah, well, about that.

It’s virtually impossible to keep all the players together when A) one guy is making a huge percentage of the cap and B) your team starts getting pilfered because it plays well every year.

There will be pooh-poohing about Mahomes’ cap percentage and insistence on TV and gambling money rolling into the coffers. Again, post-pandemic, I don’t see the cap rebounding that quickly.

And if the cap gets to $225 million by the time Mahomes starts seeing his $40 million hits beginning in 2023? That’s 17.7 percent of the cap.

Tom Brady’s highest cap percentage in the past decade was 12.2 percent in 2018. His average cap hit since 2011 was 9.8 percent.

Brady’s willingness to take less for so long enabled the Patriots to pay Vince Wilfork, Logan Mankins, Stephon Gilmore, Darrelle Revis, Devin McCourty, Rob Gronkowski, Aaron Hernandez and Donta’ Hightower really well (ever notice how many of the fat deals are on defense for Bill Belichick?). And it also allowed them to make sure the so-called middle class was squared away too.

By the end of it, when Belichick blanched at every Brady request to give him a bump, it was obvious the head coach was dying to be unburdened of a big-ticket quarterback.

We’ve gone over this at length already this offseason. And the benefit of Brady allowing himself to be lowballed was annually highlighted at Super Bowl time by national media.

People (Mike Felger) want to pretend the cap isn’t real. It is. You can ignore it. You can delay it. But eventually bills come due as they have for the Patriots this year.

New England’s stay in cap hell should be short. Meanwhile, a team like the Ravens who will now have Lamar Jackson using the Mahomes contract as a comp? Hell is on the horizon. Same for the Cowboys and Dak Prescott. Teams like the Rams, Raiders, and Eagles are already in hell now or approaching it next year having paid maybe really good but maybe not first-round picks like Jared Goff, Derek Carr and Carson Wentz huge amounts.

Mahomes is a unicorn. We can all agree on that. But his contract is going to be an albatross.

Patriots Talk Podcast: Measuring the toll that opt-outs took around the NFL

Patriots Talk Podcast: Measuring the toll that opt-outs took around the NFL

Thursday's deadline for players to opt out of the 2020 NFL season has come and gone.

A total of eight New England Patriots players, including linebacker Dont'a Hightower, safety Patrick Chung, and tackle Marcus Cannon, have chosen to sit out of the 2020 campaign due to concerns about the coronavirus.

With the Pats impacted by opt outs more than any other team, Tom E. Curran and Phil Perry discuss on a brand new Patriots Talk Podcast the toll they will have on New England this season.

Patriots Talk Podcast: Measuring the toll that opt-outs took around the NFL | Listen & subscribe | Watch on YouTube

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"Dont'a Hightower may end up being the most high-profile guy that chooses to opt out. I would say Patrick Chung and Marcus Cannon are somewhere in that next tier," Perry said. "So when you have three starting-caliber players and four real contributors ... there's no other team in the league I think you can look at and say they've been just as hard by these opt-outs as the Patriots.

"And we talked about what they might do to fill in. I think right now is the most important time because if you're somebody like Josh Uche or Ja'Whaun Bentley or Yodny Cajuste, it doesn't matter that you're getting no time on the field right now. You have to squeeze every last drop out of every single meeting that you have the opportunity to attend, every rep you can do in the weight room ... you're going to be thrown right into the fire and you have to make sure that you're ready."

There is some optimism heading into the new season, believe it or not. Perry notes that the defense -- even after all of the opt outs -- might be better than expected for New England in 2020.

"I think if you look at the Patriots defense, I think that is the one thing that we all looked at even before they signed Cam Newton and said, 'If you were hoping they were gonna suck for Trevor Lawrence or Justin Fields or somebody else near the top of the draft, the defense might do you in this year,' " said Perry. "Because they still should be good. Even if they're not the best defense in football, they still have arguably the best secondary in the league.

"And even without Dont'a Hightower, they have enough pieces and they've done well enough to scheme quarterback pressure that it should give you a representative effort each and every week which still some teams across the league you look at these rosters and wonder how they're gonna compete at all."

Curran and Perry also discuss power rankings in the AFC East after the opt outs, whether the Patriots offense will be fun to watch, takeaways from Tom Brady's introductory press conference with the Buccaneers, and why Brady may struggle in Tampa Bay.

Check out the latest episode of the Patriots Talk Podcast on the NBC Sports Boston Podcast Network or on YouTube.

NFL Power Rankings: Where do Patriots stack up after opt-outs?

NFL Power Rankings: Where do Patriots stack up after opt-outs?

So what matters the most this year? Is it the guys you had in 2019 who are coming back? Is it the guys you added in the offseason? Is it the young guys you drafted? Is it the length of time the coaching staff’s been together? Or the offensive coordinator and coaching staff?

Is it how well the team blocks out the distraction (“distraction” feels like an inadequate word, I know) of COVID-19 and deals with the logistical walls it’s created? Or is it how well the team’s players deal with the daily mental stress that they can either get it and get really sick; get it and have nothing happen; get it, not know it and pass it on to someone who may then get really sick or get it, pass it to a teammate and then see the whole league come to a grinding halt?

Do you know? I don’t know. As a result, there’s little jumbling in the Power Rankings. But three factors affecting every team right now that never are: opt-outs, the lack of offseason work and the approach of core, veteran leadership in an unprecedented time. Let’s get it. (Predraft ranking in parentheses).