Hypothetical stats:
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His current completion percentage is 67.1%. If every dropped ball had been caught, his completion percentage would be 74% which would be 4% better than any other starting QB (Brock Purdy at 70%) in the league.
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If the Chiefs had the average amount of dropped balls (11) instead of the most (26), Mahomes completion percentage would be 71% for best in the league.
68.1% is still pretty good