Patrick Mahomes forever altered the sports contract landscape with his landmark 10-year, $450 million extension that became official this week. It made all the sense in the world to lock up the 2018 MVP whose team could very easily be coming off back-to-back Super Bowl titles if not for a nail-biting loss to the eventual-champion Patriots in the 2019 AFC Championship game. But Brad Spielberger, who does extensive salary cap research and writing for OverTheCap.com, believes Mahomes could have massively cashed in again if he took a different approach to these negotiations
Coming in, we knew this was going to be a groundbreaking deal in some respects... I really didn’t think he was going to give up that many years of control – it’s basically a lifetime contract. Again, I know it’s maybe up to half a billion dollars, so it sounds crazy to maybe question his thinking there, but in 5, 6, 7 years down the road, he probably could have gotten another deal that would have made this one look small in comparison.
Every team in the league would love this deal… every front office in the NFL would say, the fact that they have this much time on this deal is the best part about it. Again, it’s a monstrous deal and there are outs at certain points so it’s not so strict as to say he can’t get out of it or he can’t work with it. If I’m his agent, I would push for 5 years, $200M fully guaranteed; let’s go mega-Kirk Cousins on steroids, let’s change the game, and then let’s see if we can sign a deal for $50M a year when that one runs out.
The scenario painted there is an interesting one, and might have allowed Mahomes to reset the quarterback market twice in a decade… but we’ll never know. For more from Spielberger, including how the Mahomes deal impacts the Dak Prescott and Deshaun Watson negotiations and what the Bears’ offseason moves tell him about the mindset of Ryan Pace’s front office, listen to the most recent edition of the Under Center podcast here or below.