The Kansas City Chiefs are a professional American football team based in Kansas City, Missouri. The Chiefs compete in the National Football League as a member club of the league’s American Football Conference West division.
Who is the highest-paid Kansas City Chiefs player in 2023?
Patrick Mahomes marked a 10-year, $450 million agreement with the Kansas City Bosses, including a $10 million marking reward,
$141,481,905 in ensured compensation, and a typical yearly compensation of $45,000,000.
In 2023, Mahomes will procure a base compensation of $5,500,000, a listed reward of $22,400,000, a rebuild reward of $12,000,000, and
an exercise reward of $550,000, while conveying a cap hit of $39,693,381 and a dead cap worth $134,330,143.
In 2023, quarterback Patrick Mahomes will earn the most money for the Kansas City Chiefs. It should not come as a surprise that Patrick Mahomes will be paid the most by the team.
Patrick Mahomes plays the most crucial position and is the best player. This year, his cap hit will rise to just under $50 million,
representing 22.4% of Kansas City’s salary cap, up from around $36 million last year.
He is expected to have the second-highest NFL cap hit due to his substantial salary, behind only Deshaun Watson and Dak Prescott.
Only $5.5 million of his $49.29 million cap number is base salary; $6.34 million is prorated bonus money that he has already received; $34.4 million is a
guaranteed roster bonus that will be paid later this offseason; $550,000 is a workout bonus, and $2.5 million is due in other bonuses.
Brett Veach and his front office may decide to combine up to $41.9 million of his 2023 base salary and non-prorated bonuses into a single signing bonus that will be paid all at once,
despite the fact that his scheduled cap number may appear daunting. If they decide to convert all 41.9 million, this would spread the $41.9 million in cap hits over five years,
bringing his 2023 cap hit down to just $15.8 million. A brief article provides an explanation of NFL restructuring.
Who is the richest Chiefs player?
Mahomes has a net worth of $50 million according to Forbes’ 2022 rich list of Athletes, and his finances don’t just come from his annual salary.
In 2020, Mahomes penned the largest NFL contract of all time, signing for an extra 10 years with the Chiefs.
On the other hand, just because the Chiefs can convert the large majority of Mahomes’ 2023 salary and bonuses to a single prorated signing bonus doesn’t mean they should.
When a team uses a base salary restructure, that money is spread out over the remaining contract years and, in this case, would add $8.374 million to his cap hits for the next several years.
I am thankful for the chance to join @brittanylynne as part of the @thekccurrent ownership team. She and the Longs have done an incredible job building a world-class organization and I am excited to join another championship-caliber club as it continues to make history. pic.twitter.com/TmTsqIV9QE
— Patrick Mahomes II (@PatrickMahomes) January 10, 2023
