As if he already didn’t have this world by the tail, on Monday, news broke about former Texas Tech QB Pat Mahomes signing a 10-year contract extension with the Kansas City Chiefs that could pay him up to $503 million. Of course, we have to look at that number with a bit of cynicism.
That’s because NFL contracts are not guaranteed as they are in the other major team sports. Therefore, the likelihood that any player in the NFL will get every last dime of his contract is rather minuscule.
That’s why the art to renegotiating deals has become one of an NFL general manager’s greatest tasks as they constantly try to rework contracts in order to save money under the salary cap.