Report: Kansas City Chiefs Reach Agreement With QB Patrick Mahomes On 10-Year Contract Extension
Jul 6, 2020, 1:32 PM | Updated: Apr 26, 2021, 3:31 pm
Patrick Mahomes #15 of the Kansas City Chiefs looks to pass in the second half against the New England Patriots during the AFC Championship Game at Arrowhead Stadium on January 20, 2019 in Kansas City, Missouri. (Photo by Patrick Smith/Getty Images)
(Photo by Patrick Smith/Getty Images)
SALT LAKE CITY, Utah – The Kansas City Chiefs have their franchise player locked in for a long time.
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According to ESPN’s Adam Schefter, the Chiefs and quarterback Patrick Mahomes have agreed to a 10-year contract extension, keeping him with the organization through the 2031 season.
The deal is expected to be the richest contract in NFL history.
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
Chiefs and Patrick Mahomes now have a 12-year commitment. pic.twitter.com/3j8NYur0aP
— Adam Schefter (@AdamSchefter) July 6, 2020
Schefter is reporting that Mahomes’ deal is worth over $400 million.
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 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
In just his second year as the starting quarterback, Mahomes led the Chiefs to their first Super Bowl in 50 years and was named MVP of Super Bowl LIV.
After three seasons in the league, Mahomes has thrown for nearly 10,000 passing yards, 76 touchdowns and 18 interceptions. Mahomes was taken with the 10th overall pick in the 2017 NFL Draft by the Kansas City Chiefs. He backed up former Ute Alex Smith as a rookie before the Chiefs traded Smith to Washington in 2018, turning the reins over to Mahomes.
In his first season as the starting quarterback, Mahomes threw for 5,097 yards, 50 touchdowns and 12 interceptions in 16 games played. He was named the 2018 NFL Most Valuable Player. Last season, Mahomes threw for 4,031 yards, 26 touchdowns and 5 interceptions in 14 games played.
The Chiefs will defend their Super Bowl title when they open the 2020 NFL season on Thursday, September 10 when they host the Houston Texans. The game will begin at 6:20 p.m. MT and will be televised on KSL 5 TV.
