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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 unveiled Wednesday by Overthecap.com, 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 this past season after reaching the Super Bowl in each of the three previous years, created $43.65 million in cap space. Kansas City had been more than $57 million over the cap.
Mahomes, who is recovering from knee surgery, initially was set to count for $78.2 million against the cap in 2026. The two-time league MVP had surgery in mid-December to repair two torn ligaments in his left knee, and he stated last month that he wanted to be ready to play in the Chiefs’ 2026 season opener.
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