Contract Numbers Revealed On Patrick Mahomes' Massive 10-Year Extension

Contract Numbers Revealed On Patrick Mahomes’ Massive 10-Year Extension

On Monday, it was announced the Kansas City Chiefs had agreed to a 10-year contract extension with QB Patrick Mahomes. Only thing we needed to see were the numbers on the mega deal and when they released, it was beyond eye-popping.

Patrick Mahomes' 10-year extension with the Kansas City Chiefs is worth over $400 million in total, per league sources.

The more significant question is, How much over $400 million?
— Adam Schefter (@AdamSchefter) July 6, 2020

Patrick Mahomes' new deal with the #Chiefs will be over $40M per year in new money, per @AdamSchefter. In other words: Baseball money for a football player.

Full details still not out.
— Ari Meirov (@MySportsUpdate) July 6, 2020

Patrick Mahomes had two years and $27.6 million left on his existing deal — $2.8M this year, $24.8M in 2021.

His 10-year extension is worth over $400M, though it's still uncertain how much over.

So the lowest his 12 year-deal could be worth is $427.6 million. But will be more.
— Adam Schefter (@AdamSchefter) July 6, 2020

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

The former former first-round pick of the Chiefs back in 2017 was currently in the final year of a four-year, $16.4 million contract before this new deal came about.

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Mahomes put up 4,031 yards to go along with 26 touchdowns and five interceptions during the 2019 season.

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He has also rushed for 218 yards and two touchdowns.

All Mahomes has done during his career is win the league MVP and the Offensive Player of the Year in 2018 behind 5,097 passing yards, 50 touchdown throws and 12 interceptions while reaching the AFC Championship game.

He took it to the next level during the 2019 campaign as a Super Bowl champion and MVP after he earned his second Pro Bowl nod with 4,031 passing yards, 26 touchdown throws and five picks.