Quarterback Patrick Mahomes is set to stay put for the next decade. As reported by ESPN’s Adam Schefter, Mahomes has agreed to a ten-year contract extension with the Kansas City Chiefs. The contract is set to be the richest in the history of professional football.
Chiefs and QB Patrick Mahomes have reached agreement on a 10-year — 10-year! — contract extension that ties him to Kansas City through the 2031 season, league sources tell ESPN.
— Adam Schefter (@AdamSchefter) July 6, 2020
Patrick Mahomes’ 10-year — 10-year! — contract extension that ties him to Kansas City through the 2031 season will be the richest contract in NFL history.
— Adam Schefter (@AdamSchefter) July 6, 2020
Widely regarded as the best quarterback in the NFL, Mahomes was named the NFL’s Most Valuable Player for the 2018 NFL season, following up that success this past season as he led the Chiefs to victory in Super Bowl 54.
UPDATE: 7/6/2020, 5:39 PM: ESPN Senior NFL Insider Adam Schefter reports that Mahomes’ contract extension is worth $450M, the largest contract in the history of sports. The extension also reportedly includes a $140M injury guarantee.
Compensation update: Patrick Mahomes’ 10-year extension is worth $450 million, sources tell ESPN.
The injury guarantee is $140 million, per source.
The contract does not contain language that ties its value to a percentage of the salary cap.
Richest deal in sports’ history.
— Adam Schefter (@AdamSchefter) July 6, 2020
UPDATE: 7/6/2020, 7:22 PM: NFL Network’s Ian Rapoport and Tom Pelissero are reporting that the value of Mahomes’s contract could reach $503M, which would make it the first sports contract in any sport worth over half a billion dollars. The deal is also said to include a no-trade clause.
The #Chiefs and QB Patrick Mahomes have agreed to terms on a 10-year extension worth $503 million, sources tell me and @TomPelissero. He gets $477M in guarantee mechanisms and gives the ability for Mahomes to have outs if the guarantee mechanisms aren’t exercised. No trade clause
— Ian Rapoport (@RapSheet) July 6, 2020
It’s the first half Billion dollar player in sports history and the largest contract in sports history. It’s also the first time an NFL player has been the highest-paid player in sports history. https://t.co/dSzKmS7wbM
— Ian Rapoport (@RapSheet) July 6, 2020
