Mahomes, who signed a $450 million contract
extension in 2020, would count over $58 million toward the cap
without a restructuring.
The seven-year veteran, who is coming off back-to-back Super
Bowl victories, has been named the game's MVP three times, and
has been the league's MVP twice.
After a slow start to the 2023 season, Mahomes finished with
4,183 yards passing, his second-lowest total since he took over
as starter in 2018. He rallied the Chiefs to a 25-22
come-from-behind victory over the San Francisco 49ers in Super
Bowl LVIII last month, throwing for 333 yards and two touchdowns
with one interception.
--Field Level Media
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