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Coming off a Super Bowl loss at the start of February, the Chiefs are getting ready for what could be an active free agency signing period as the team looks to fill some holes and make a run at a third straight AFC title.
Albert Breer of The MMQB reports that a trio of Chiefs are restructuring their contracts in order to help the Chiefs free up some money for free agency.
On Monday, the Chiefs freed up a reported $23 million after they dumped their two starting tackles from 2020, Eric Fisher and Mitchell Schwartz, to give them more cash.
The three players who reworked their deals are quarterback Patrick Mahomes, tight end Travis Kelce and defensive end Chris Jones.
Overall, that should give the defending AFC Champs about $20 mil to work with once the new NFL year gets officially going.
NFL.com reports that there’s a clause in Mahomes’ deal in which the team can convert salary or bonuses into a signing bonus automatically, so basically they don’t even need to let Mahomes know when redoing his deal.
This upcoming season, Mahomes was due to set the Chiefs back $24.8 million against the salary cap. Kelce was scheduled to count $13.25 mil against the Chiefs’ cap, and Jones was going to be even more of a burden, hitting Kansas City for $21.87 against this year’s cap.
Jones was also set to get a $20 million dollar signing bonus.