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Feb 18, 2026, 9:53 AM ET

The Kansas City Chiefs restructured quarterback Patrick Mahomes' contract this week to create some much-needed salary cap space going into the 2026 season, according to ESPN. The restructuring converts $54.45 million of Mahomes' 2026 salary into a signing bonus, lowering his cap number to $34.65 million. The move creates $43.65 million in cap space and marks the fourth straight year the Chiefs have restructured Mahomes' contract. KC entered the offseason more than $57 million over the salary cap and will still need to make some financial maneuvers after restructuring Mahomes' contract. The Chiefs missed the playoffs in 2025 for the first time in a decade after reaching the Super Bowl in each of the previous three seasons. Mahomes will now count for an additional $11 million against KC's cap in each of the next four seasons, bringing his total cap number to $85 million for 2027.--Keith Hernandez
Source: ESPN.com
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