The first two years of Patrick Mahomes being the Kansas City Chiefs starting quarterback could not have gone any better.
Now, he's getting rewarded for it.
Mahomes has agreed to an incredible 10-year extension to remain with the franchise through the 2031 season, the team confirmed on Monday. ESPN's Adam Schefter was first to report the news.
We have signed QB Patrick Mahomes to a 10 year extension. Mahomes secured with Chiefs for the next 12 seasons. pic.twitter.com/ZsADdVkvxZ— Kansas City Chiefs (@Chiefs) July 6, 2020
The deal with worth $503 million with $140 million guaranteed, which is the richest deal in NFL history.
Final Patrick Mahomes’ deal:— Adam Schefter (@AdamSchefter) July 6, 2020
10-year extension worth up to $503 million.
It includes $477 in guarantee mechanisms and the ability for Mahomes to have outs if guarantee mechanisms aren’t exercised.
Mahomes was represented on the deal by @chriscabott and @leighsteinberg.
Mahomes' extension surpasses Seattle Seahawks QB Russell Wilson's annual figure north of $35 million per season. According to Schefter, Mahomes will earn $450 million over that span with a $140 million injury guarantee. For comparison, that is more than MLB's stars Mike Trout, Bryce Harper, Gerrit Cole and Nolan Arenado have signed in recent years -- in a sport without a salary cap.
The quarterback enters his fourth NFL season in 2020, coming off his first Super Bowl title where he was named the game MVP. Mahomes threw for a league-best 50 touchdowns in 2018, where he earned MVP honors in his first year as a starter.
Through three seasons, Mahomes is 24-7 as a starter with 9,412 passing yards, 76 touchdowns and just 18 interceptions. He's totaled 500 rushing yards and four touchdowns with his legs, too.
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