It was only last September that LA Rams quarterback Jared Goff signed a “record” contract extension with the club. Less than a year later he’s already been surpassed in some regards by other deals.
Goff signed a four-year, $134 million deal and a “record” $110 million “guaranteed” with the Rams. It came shortly after a four-year, $128 million with $107 million for Carson Wentz, who hit some “record” figures with the Philadelphia Eagles.
On Monday, it was announced that the Kansas City Chiefs are signing Patrick Mahomes to a 10-year deal with a record $503 million attached to it in some form or shape. It is a record contract for any player not just in football, but in sports. The language that Mahomes’ representatives, Steinsberg Sports, are using is “$477 million in guarantee mechanisms” but the full or total guarantee appears to come in at $140 million.
And that’s a lot more than Goff.
I am unsure at this time if they are calling $140 million “full” or “total” in his guarantee but it’s a reminder that the NFL and agents don’t give two handpies about the meaning of the word guarantee. Goff’s total guarantee at signing was $110 million but his full guarantee was only $57 million. The rest is usually tied in some way to injuries.
Quarterbacks who have a higher full guarantee than Goff include Russell Wilson, Aaron Rodgers (who also signed a four-year, $134 million contract but with $21 million more in full guarantees), Kirk Cousins, Wentz, Matt Ryan, Ryan Tannehill, and Matt Stafford.
Cousins, Tannehill, and Mahomes are the three quarterbacks of note who have signed since Goff’s deal nine months ago. Tom Brady signed for less fully guaranteed money ($50 million) but that’s only for two years.
With Mahomes’ deal added to the top, Goff will now be tied for fourth in AAV with Rodgers at $33.5 million, tied for sixth in total money, second in “total guaranteed,” and ninth in fully guaranteed. LA has already guaranteed Goff $22 million in 2020 and $27.5 million in 2021, with no savings if released before either year.