Agrees to amend contract

The Chiefs and Mahomes (ankle) agreed to restructure his contract Wednesday, Field Yates of ESPN reports.

On the heels of his second Super Bowl title, Mahomes will have $12 million of his 2023 roster bonus converted into a signing bonus, creating $9.6 million in cap space for Kansas City. The team could use the flexibility after losing cogs like wide receiver JuJu Smith-Schuster and safety Juan Thornhill to free agency. As the Chiefs' roster currently stands, the top skill-position players are tight end Travis Kelce, running back Isiah Pacheco and wide receivers Marquez Valdes-Scantling, Kadarius Toney and Skyy Moore. As Herbie Teope of The Kansas City Star reported back on Feb. 13, Mahomes is aiming to be past the high right-ankle sprain that he sustained in the playoffs by the start of OTAs this spring.