The Kansas City Chiefs are leaving no stone unturned in their bid to retain their Super Bowl title in 2023. One key move they have made is to convert quarterback Patrick Mahomes’ $12 million 2023 roster bonus into a signing bonus, freeing up $9.6 million in salary cap space. This move, in addition to re-signing Nick Allegretti and signing Charles Omenihu and Jawaan Taylor, has given the Chiefs approximately $10 million in cap space and more options as they look to strengthen their roster. Read on for all the latest updates on the Kansas City Chiefs’ offseason moves.
Important Details about How much cap space does Kansas have? –
– The Kansas City Chiefs have converted Patrick Mahomes’ $12 million roster bonus into a signing bonus, freeing up $9.6 million in cap space.
– Mahomes’ deal was expected to contribute $49.3 million to the Chiefs’ salary cap for this year, but it has now been reduced to $39.7 million.
– The Chiefs now have around $10 million in cap space after this change, giving them more options to possibly renew standout DT Chris Jones or make other moves in free agency.
– The team may continue to make financial maneuvers in the future to remain active in free agency while managing funds for their 2023 NFL draft class and throughout the season.
– The Chiefs may be looking for a wide receiver in the free-agent market, having lost JuJu Smith-Schuster who signed with the New England Patriots.
– Nick Allegretti, a member of the Chiefs’ interior offensive line, has reportedly been re-signed by the team to a one-year deal. He has played center and both guard positions for the Chiefs over his four-year tenure with the team.
– The O-line for the Chiefs has endured some changes this offseason, with right tackle Andrew Wylie signing with the Washington Commanders and left tackle Orlando Brown Jr. leaving for the Cincinnati Bengals.
The Kansas City Chiefs Make Significant Changes to Their Team in 2023
The Kansas City Chiefs have been active in the NFL offseason, making significant changes to their team as they seek to retain their Super Bowl championship in 2023. One of the latest changes involves the restructuring of Patrick Mahomes’ contract.
According to Field Yates of ESPN, the Kansas City Chiefs have turned Patrick Mahomes’ $12 million 2023 roster bonus into a signing bonus, adding $9.6 million to their salary cap. By deferring some of the wage load to the coming years, the amount of Mahomes’ contribution to the Chiefs’ salary cap for this year has been reduced from $49.3 million to $39.7 million. As a result, the Chiefs now have roughly $10 million in cap space, giving them more options and flexibility in free agency.
The Chiefs have also re-signed some of their players, including Nick Allegretti, a member of their interior offensive line, to a one-year deal. Allegretti has played center and both guard positions for the Chiefs, making 12 starts in his 57 appearances for the club since joining as a seventh-round draft choice in 2019. He has won the Super Bowl twice with the Chiefs.
However, the Chiefs have lost some key players this offseason, including wide receiver JuJu Smith-Schuster, who signed with the New England Patriots. The Chiefs are reportedly looking for a wide receiver on the free-agent market to complement their returning talents Skyy Moore, Marquez Valdes-Scantling, and Kadarius Toney. The O-line for the Chiefs has also undergone some changes, with right tackle Andrew Wylie signing with the Washington Commanders and left tackle Orlando Brown Jr. leaving for the Cincinnati Bengals.
The Kansas City Chiefs have more financial maneuvering to do in the future as they balance their salary cap, manage their funds for their 2023 NFL draft class, and remain active in free agency. With additional funds from restructuring Mahomes’ contract and re-signing some of their players, the Chiefs have more flexibility in making these decisions.
In the following sections, we’ll explore the latest changes and updates regarding the Kansas City Chiefs in more detail.
Patrick Mahomes’ Contract Restructured
Patrick Mahomes is one of the most talented quarterbacks in the NFL, making him a valuable player for the Kansas City Chiefs. In 2017, the Chiefs drafted Mahomes with the tenth overall pick, and he has since emerged as a star player. He led the Chiefs to their first Super Bowl victory in 50 years in 2020 and has received numerous honors and awards, including the NFL MVP award in 2018.
Mahomes signed a 10-year contract extension with the Chiefs in July 2020, worth up to $503 million, which made him the highest-paid athlete in the world at the time. The contract extension consisted of a $10 million signing bonus, a $21.7 million roster bonus, and a $22.8 million base salary for 2021. However, the Chiefs have now restructured Mahomes’ contract by turning his $12 million 2023 roster bonus into a signing bonus, adding $9.6 million to their salary cap.
This move is strategic for the Chiefs, as it helps them manage their salary cap in the short term while still maintaining Mahomes’ long-term contract. The salary cap is the limit on the amount of money that teams can spend on their players’ salaries. By restructuring Mahomes’ contract, the Chiefs have freed up space and can use the additional funds to re-sign other players or look for new talent in free agency.
Nick Allegretti Re-signed
Nick Allegretti is a valuable member of the Kansas City Chiefs’ interior offensive line. The Chiefs re-signed Allegretti to a one-year deal in March 2023, giving him another chance to contribute to the team’s success.
Allegretti has played center and both guard positions for the Chiefs since joining the team as a seventh-round draft choice in 2019. He has appeared in 57 games for the club, making 12 starts. Allegretti has won the Super Bowl twice with the Chiefs, playing a key role in their 2020 victory against the San Francisco 49ers.
Re-signing Allegretti is a solid move for the Chiefs, as it helps secure their offensive line and adds depth to their roster. The offensive line is crucial in protecting Mahomes and giving him time to make big plays. The Chiefs also lost right tackle Andrew Wylie in free agency, making it important to keep Allegretti on the team.
Wide Receiver JuJu Smith-Schuster Signs With Patriots
The Kansas City Chiefs lost wide receiver JuJu Smith-Schuster to the New England Patriots in free agency in March 2023. Smith-Schuster had been with the Pittsburgh Steelers since they drafted him in the second round of the 2017 NFL Draft. He had a solid season in 2022, recording 933 yards and three touchdowns.
Smith-Schuster’s signing with the Patriots was a surprise for some NFL observers, as some thought he might remain with the Steelers or join another team. The Chiefs were reportedly interested in signing Smith-Schuster, but the Patriots offered him a more lucrative deal.
The loss of Smith-Schuster is significant for the Chiefs, as he would have added more firepower to their wide receiver corps. The Chiefs still have returning talents Skyy Moore, Marquez Valdes-Scantling, and Kadarius Toney, but they might look for another wide receiver on the free-agent market.
Offensive Line Changes in the Offseason
The Kansas City Chiefs’ offensive line has undergone some changes in the NFL offseason. Right tackle Andrew Wylie signed with the Washington Commanders, and left tackle Orlando Brown Jr. left for the Cincinnati Bengals after they traded away a package of draft picks to acquire him in 2021.
The Chiefs traded for Brown to address their need for a left tackle after releasing Eric Fisher, who was the team’s starting left tackle for six seasons, in March 2021. However, Brown’s tenure with the Chiefs was relatively short-lived, as he signed with the Bengals in free agency. Brown played in 15 games for the Chiefs in 2021, helping the team win the AFC West title.
The departure of Brown and Wylie has left the Chiefs with some gaps to fill on their offensive line. However, with Nick Allegretti re-signed and other players returning, the team has some options to consider. The offensive line is a crucial component in any team’s success, and the Chiefs will need to address these changes if they hope to win another Super Bowl title.
Conclusion
The Kansas City Chiefs are making significant changes to their team as they prepare for the 2023 NFL season. Restructuring Patrick Mahomes’ contract, re-signing Nick Allegretti, and losing wide receiver JuJu Smith-Schuster and offensive lineman Andrew Wylie are some of the latest updates regarding the Chiefs’ offseason. With additional funds from restructuring Mahomes’ contract and re-signing Allegretti, the Chiefs have more financial maneuvering to do in the future as they balance their salary cap, manage their funds for their 2023 NFL draft class, and remain active in free agency. These changes and updates show that the Chiefs are serious about retaining their Super Bowl championship and competing at the highest level in the NFL.