Reports: Chiefs to restructure Patrick Mahomes contract to free up cap space

Posted: Mar 12, 2021 / 02:00 PM CST

Updated: Mar 12, 2021 / 02:00 PM CST

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

KANSAS CITY, Mo. — The 2021 salary cap has forced teams and players to make huge decisions.

Chiefs quarterback Patrick Mahomes is among the players who are restructuring their contracts, according to NFL Network’s Adam Schefter.

Mahomes was slated to receive a $21.7 million roster bonus, and the Chiefs are expected to convert that to a signing bonus. The conversion would save Kansas City $17 million in cap space, allowing them to look for some new players.

Patrick Mahomes pending contract restructure that will save the Chiefs about $17 million against the cap will allow KC to do some free-agent shopping…. https://t.co/py1pVGCxVm
— Adam Schefter (@AdamSchefter) March 12, 2021

The move comes after the Chiefs released both starting tackles Eric Fisher and Mitchell Schwartz earlier in the week as they tried to get under the salary cap number for the 2021 season.