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Patrick Mahomes is the Highest Paid NFL Player: Here’s Why

by Dian Agustin
May 9, 2023
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Patrick Mahomes SmilingSource: bing.com

Who is Patrick Mahomes?

Patrick Mahomes is an American football quarterback for the Kansas City Chiefs of the National Football League (NFL). He was born on September 17, 1995, in Tyler, Texas. Mahomes played college football at Texas Tech, where he was a two-time First-Team All-Big 12 selection.

Patrick Mahomes College FootballSource: bing.com

How did Patrick Mahomes become the highest paid NFL player?

On July 6, 2020, Patrick Mahomes signed a 10-year contract extension with the Kansas City Chiefs worth up to $503 million, making him the highest paid player in NFL history. The contract includes a $477 million guarantee mechanism, and an injury guarantee of $140 million.

Patrick Mahomes Signing ContractSource: bing.com

Why did the Kansas City Chiefs pay Patrick Mahomes so much?

The Kansas City Chiefs paid Patrick Mahomes so much because he is a generational talent and the face of the franchise. Mahomes led the Chiefs to a Super Bowl victory in 2020 and was named the game’s MVP. In his first two seasons as a starter, Mahomes has thrown for over 9,000 yards and 76 touchdowns.

Patrick Mahomes Super BowlSource: bing.com

What are the benefits of Patrick Mahomes’ contract for the Kansas City Chiefs?

The benefits of Patrick Mahomes’ contract for the Kansas City Chiefs are numerous. Firstly, the contract ensures that Mahomes will remain with the team for the next decade. This provides the Chiefs with stability at the quarterback position, which is crucial for success in the NFL. Secondly, the contract is structured in a way that allows the Chiefs to build a strong team around Mahomes. This is because the contract is backloaded, meaning that the highest cap hits will come in the later years of the contract.

Patrick Mahomes In Chiefs JerseySource: bing.com

What are the risks of Patrick Mahomes’ contract for the Kansas City Chiefs?

The risks of Patrick Mahomes’ contract for the Kansas City Chiefs are also worth considering. Firstly, the contract is for 10 years, which is a long time in the NFL. Injuries are common in football, and if Mahomes were to suffer a career-ending injury, the Chiefs would be on the hook for a significant amount of money. Secondly, the contract is so large that it could impact the team’s ability to sign other players in the future. The Chiefs will need to be strategic in how they manage their salary cap to ensure that they can continue to build a competitive team around Mahomes.

Patrick Mahomes Preparing To ThrowSource: bing.com

What does Patrick Mahomes’ contract mean for other NFL players?

Patrick Mahomes’ contract has set a new bar for NFL player salaries. Other quarterbacks, such as Deshaun Watson and Dak Prescott, are now in a position to demand similar contracts. It remains to be seen whether other teams will be willing to pay their quarterbacks at the same level as the Chiefs have paid Mahomes.

Deshaun Watson And Dak PrescottSource: bing.com

Conclusion

Patrick Mahomes is the highest paid NFL player for a reason. He is a talented quarterback who has led the Kansas City Chiefs to a Super Bowl victory and is the face of the franchise. While there are risks associated with his contract, the benefits are numerous for both Mahomes and the Chiefs. It remains to be seen whether other NFL players will be able to command the same level of salary as Mahomes, but for now, he is the top dog in the league.

Tags: ContractDak PrescottDeshaun WatsonKansas City ChiefsNflPatrick MahomesQuarterbackSalarySuper Bowl
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