Patrick Mahomes Signs 10-Year Extension With the Chiefs

The Cheifs and Patrick Mahomes have agreed to a big contract extension that goes through the 2031 NFL season!

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

The details of the contract have not been released yet, but it is expected to be a percentage based deal.

Compensation update: Patrick Mahomes’ 10-year extension is worth $450 million, sources tell ESPN.

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The injury guarantee is $140 million, per source.

There are no official numbers on Patrick Mahomes' 10-year extension just yet, but multiple sources believe it ultimately will be tied to a percentage of the salary cap for each season. The higher the cap goes, the more Mahomes will make.
— Adam Schefter (@AdamSchefter) July 6, 2020

The former first round pick, Patrick Mahomes, has been a star for the Chiefs during his first 3 years in the NFL. Mahomes won the MVP award in the 2019 NFL season after throwing for 5,097 yards and 50 touchdowns and Super Bowl MVP after leading the Cheifs to Super Bowl win in 2020.

Mahomes is widely regarded as the best quarterback in the NFL and the Cheifs will now have Mahomes through the 2031 NFL season.

The biggest sports contract in history is the 12-year, $426.5M deal Mike Trout signed last year.

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