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Patrick Mahomes the Only QB to Provide the Maximum Value on His Deal, Other Non-Rookie NFL QBs Pale in Comparison

Published 02/12/2024, 1:30 PM EST

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USA Today via Reuters

Remember that feeling when your parents surprised you with the latest gaming console? Pure joy, right? Imagine amplifying that by a million, then sprinkling on a confetti shower of Super Bowl glory and a cool $1.25 million bonus. That’s the reality for Patrick Mahomes, the Kansas City Chiefs’ champion quarterback, who just rewrote the NFL’s value equation. But is he an anomaly or a sign of things to come?

The question demands one dive into the captivating world of quarterback contracts and witness Mahomes potentially becoming the Michael Jordan of his generation.

How Patrick Mahomes reigns supreme in value town

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Let’s be honest here. $450 million over 10 years sounds obscene. But here’s the kicker: Patrick Mahomes is earning it. While other non-rookie QBs with hefty contracts underperform (think Derek Carr’s $40 million and the Las Vegas Raiders’ 13–10 record in 2022), Mahomes delivers championships and MVP-caliber seasons.

Remember his 17.2% cap hit (Sportico Stats) last year, the highest in the league? A Super Bowl win just silenced those critics, proving he’s worth every penny. But wait, there’s more!

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The shrinking king Mahomes’ contract is a masterclass in financial wizardry. Incentives and performance-based bonuses mean his cap hit actually decreases with accolades. An MVP award this year? No problem; it just upped his cap, which already stands at $59.8 million. And guess what? A Super Bowl loss would’ve just shaved off another $1.25 million—thankfully, that’s not the case any more! Talk about a win-win. So, is Patrick Mahomes NFL’s own unicorn?

Perhaps. But his story highlights a crucial shift in the NFL. Teams are realizing that elite talent deserves elite pay, especially when it translates to consistent wins and a passionate fanbase. Look at Joe Burrow’s recent mega-deal ($275 million over 5 years)—it’s a glimpse into the future, where proven superstars command king-sized contracts.

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The Mahomes mythos

Here’s the verdict: Patrick Mahomes may be the reigning value king, but his reign might inspire a revolution that reaches beyond the realms of the gridiron. As teams prioritize winning over penny-pinching, we could see more QB contracts resembling Mahomes’: lucrative, performance-based, and ultimately a testament to the unparalleled impact a true franchise player can have.

Patrick Mahomes and the Art of Comebacks…

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Remember, this is just the beginning. The Mahomes era has only just taken off, and its impact on the NFL’s financial landscape is yet to be fully written. Stay tuned, sports fans; the game is about to get even more interesting!

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Written by:

Shrabana Sengupta

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One take at a time

"Those who gaze outward dream, but those who turn inward awaken." A pro-writer for MLB EssentiallySports, I’ve been a fan of the New York Yankees since my school days. In my adolescent years, I was introduced to the iconic franchise through one of my beloved Friends characters, Joey.
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Edited by:

Garima Yadav