Thursday, April 30, 2020
KANSAS CITY CHIEFS EXTEND QB PATRICK MAHOMES CONTRACT FOR $25 MILLION AS AMERICAN CORONAVIRUS UNEMPLOYMENT NEARS GREAT DEPRESSION LEVELS!!!
Contract extension news for the Super Bowl Champion Quarterback wasn't too surprising, if anything the Kansas City Chiefs got off cheap as beloved local hero is on his way to earning $40 million a year.
Arrowhead Pride: As a player selected in the first round of the NFL Draft, Mahomes’ contract came with a team option to extend his deal for an extra season beyond the standard four-year rookie deal . . . Mahomes will earn the league-specified base salary of $25 million in 2021.
Meanwhile, in jobs news more applicable to local real life . . .
Forbes: "In the last six weeks—March 15 through April 25—30,307,000 people filed for unemployment for the first time, according to the most recent and updated Department of Labor figures. Add that to March's 7,140,000 unemployed figure sampled in the second week of the month, so predating the filings, and the total is more than 37 million. With a civilian labor force of 162,913,000, that's 23% unemployment.
The percentage, and absolute number, of unemployed is much higher than the 10% peak in the Great Recession. Or the 7.8% in 1992 after a different recession or 10.8% in late 1982. We’re even approaching the 23.6% of 1932 and 24.9% of '33 in the Great Depression. "
Developing . . .