Clark Hunt: The Chiefs Will Begin Contract Negotiations W/Mahomes This Summer

[Coogs]

So how will the signing bonus portion of the new contract work with respect to the salary cap?

For starters, I am assuming that this is an extension, which means if it is a 5 year extension, Mahomes is under contract for the next 7 years. Correct?

Since $65 million is the current largest signing bonus, I will use $70 million for this example, as it makes the math work easier.

Is the $70 million spread out over 7 years, as I am assuming he gets the $70 million this summer and not in 2 years, for a hit of $10 million per year?

Or is the $70 million only spread out over the 5 years of the extension, at $14 million per year, starting 2 years from now?

Hope this all makes sense.