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It was cold, hard cash, not character, that made Daniel Snyder change Washington's NFL nickname


The Washington Redskins are no more.

The NFL team in Washington announced Monday that it will drop its "Redskins" nickname and logo after 87 years following the completion of its review into the matter. 

But the team did not yet announce a new nickname for the franchise. 

The decision to retire "Redskins" comes as the team conducts a formal review of the name, which was announced July 3 amid mounting pressure from key stakeholders — including FedEx, a major sponsor that holds the naming rights at the team's stadium.

But, as our Nancy Armour writes, let's be clear: the reality is that it was cold, hard cash that forced this move. Not the character of the franchise or its owner. 

Meanwhile, across the NFL ... 

Biggest. Contract. Ever. 

Patrick Mahomes got paid

The numbers are simply staggering: a 10-year extension worth up to $503 million, with $477 million in guaranteed mechanisms. The deal (first "reported" by the most unlikely of sources) makes Mahomes the highest-paid player in NFL history and is the richest contract ever in American team sports. 

The deal shows the 2018 NFL MVP and Super Bowl LIV MVP is on his own level as a quarterback and businessman, our Mike Jones says. 

But the deal does bode well for Mahomes' peers, even if they won't be making quite what the Kansas City Chiefs star is. 

Other notable NFL stories from last week: 

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