The Kansas City Chiefs restructured Patrick Mahomes‘ contract this week, creating much-needed salary cap space ahead of the 2026 season, according to ESPN and multiple reports.
The restructuring, first reported Wednesday by Over the Cap, converts $54.45 million of Mahomes’ 2026 salary into a signing bonus and lowers the star quarterback’s cap number to $34.65 million.
The Chiefs, who missed the playoffs in 2025 after reaching the Super Bowl in each of the three previous seasons, created $43.65 million in cap space. It marks the fourth consecutive year that Kansas City has restructured Mahomes’ contract.
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