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NFL Rumors: Chiefs' Patrick Mahomes Restructures Contract, Clears $21.6M in Cap Space

Patrick Mahomes is doing what he can to help the Kansas City Chiefs reload for another Super Bowl run.

The superstar quarterback is restructuring his contract to clear $21.6 million in cap space ahead of the 2024 season, according to ESPN's Adam Schefter.

Mahomes, who signed a 10-year contract worth up to $503 million in 2020, entered this offseason with a $58.6 million cap hit for 2024, per Spotrac.

This article will be updated soon to provide more information and analysis.