The Chiefs have signed their first-round pick, quarterback Patrick Mahomes, reports Terez A. Paylor of the Kansas City Star (Twitter link). It’s a four-year deal worth a guaranteed $16.4MM, including a $10MM-plus signing bonus.
Mahomes, the 10th overall selection, went to the Chiefs after they paid a heavy price in a deal with the Bills to move up for him. Kansas City was originally in line to pick 27th, but then-general manager John Dorsey boldly packaged that choice with a third-rounder this year and a first-rounder in 2018 to go up 17 spots for Mahomes. In doing so, Dorsey surrendered a whopping 170 cents on the dollar, according to Chase Stuart of Football Perspective.
Formerly a star at Texas Tech, where he combined for 93 touchdowns, 29 interceptions and 11,252 yards from 2014-16, Mahomes will sit behind veteran Alex Smith initially. But if the Chiefs, who went to the playoffs for the third time in four tries under Smith in 2016, don’t take a step forward this season, Mahomes could grab the reins under center by 2018. The Chiefs have gone just 1-3 in the playoffs with Smith at the helm (they were one and done last winter after a 12-4, AFC West-winning campaign), and releasing him after the season would save the team $17MM of his $20.6MM cap hit in 2018 – the final year of his contract.
With Mahomes under contract, Solomon Thomas (49ers), Corey Davis (Titans), Jamal Adams (Jets), Gareon Conley (Raiders) and Jabrill Peppers (Browns) are the only members of this year’s draft class who haven’t signed yet.
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