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.
FYI: Unless I missed something, this stat ignores drops by Purdy’s targets, if any.
My first thought too. “Lets bump this guy up and compare him to this other guy, but not bump that guy up!”