The Kansas City Chiefs have cleared some financial space for the 2023 season.
According to ESPN’s Field Yates, Casey elected to convert $12 million of quarterback Patrick Mahomes’ 2023 roster bonus into a signing bonus. In short, Yates pointed out, the Chiefs shell out $9.6 million for this season.
Prior to the move, Mahomes’ contract this season was set to count against the Chiefs’ salary cap at $49.3 million, According to OverTheCap.com, Now, that number is reduced to $39.7 millionWith KC moving some of the salary burden for future years.
Following the transaction, the Chiefs are left with $13.6 million in effective cap space As estimated by OverTheCapAlthough not yet included defensive end Charles Omenihu’s contract.
The Chiefs, if they continue to shop through free agency, could be looking for a receiver. how lost JuJu Smith-Schuster via free agency to the New England Patriots on Wednesday, meaning they could still use a veteran option next to players Marquez Valdes-Scantling, Kadarius Toney and Skye Moore.
earlier this weekIn 2014, the Chiefs signed free agent offensive tackles Jawan Taylor from San Francisco and Jawan Taylor from Jacksonville and Omenihu. They re-signed defensive lineman Tershon Wharton.