Mahomes and Jones are both tied to the Chiefs for years to come -- Mahomes is signed through 2031, and Jones through 2028 -- so Kansas City's adjustments here were likely related to how and when those players' contracts get paid out.

The Chiefs have opened up a major chunk of cap space ahead of Wednesday afternoon's start to the new league year.

The Kansas City Chiefs are attempting to work their way back to Super Bowl contention, having finished the season with a 17-3 record. Kansas City has appeared in three straight Super Bowls, having been recently defeated by the Philadelphia Eagles 40-22 last season.