Sources: Chiefs, Patrick Mahomes agree to 10-year, $450 million extension

Sources: Chiefs, Patrick Mahomes agree to 10-year, $450 million extension

The Chiefs and quarterback Patrick Mahomes have reached settlement on a 10-year contract extension value $450 million that ties him to Kansas Metropolis via the 2031 season, league sources informed ESPN’s Adam Schefter.

The damage assure within the contract is $140 million, a supply informed Schefter.

The Chiefs picked up Mahomes’ fifth-year possibility for the 2021 season in April, placing him beneath contract for the subsequent two seasons. Mahomes had two years and $27.6 million left on his present deal — $2.eight million this 12 months, $24.eight million in 2021. The 10-year extension places him beneath contract with the Chiefs for the subsequent 12 seasons.

With a payout of at $477.6 million over the subsequent 12 seasons, Mahomes can have the most important contract in American skilled sports activities. Mike Trout had beforehand held that distinction when he signed a 12-year, $426.5 million contract with the Los Angeles Angels in March 2019. Trout’s contract is absolutely assured, nonetheless.

Mahomes turns into the fourth quarterback since 2011 to obtain an extension earlier than the beginning of his fourth season, becoming a member of Ryan Tannehill (Miami Dolphins in 2015), Carson Wentz (Philadelphia Eagles in ’19) and Jared Goff (Los Angeles Rams in ’19).

Sources: Chiefs, Patrick Mahomes agree to 10-year, $450 million extension

The Chiefs had stated they meant to signal their franchise quarterback to an extension however had beforehand indicated it won’t occur till after this season.

Patrick Mahomes, 24, was MVP of Kansas Metropolis‘s 31-20 victory over the San Francisco 49ers in Tremendous Bowl LIV, changing into the primary quarterback in NFL historical past to win a league MVP and Tremendous Bowl earlier than turning 25.

Mahomes turned the youngest quarterback to be named Tremendous Bowl MVP, serving to the Chiefs erase a 10-point fourth-quarter deficit by main three landing drives. He completed 26-of-42 for 286 yards with three complete touchdowns (two passing, one dashing), two interceptions and a 78.6 passer ranking. He joined Tom Brady (Tremendous Bowl XLIX) and Terry Bradshaw (XIV) as the one gamers to win Tremendous Bowl MVP regardless of throwing a number of interceptions.

Mahomes was named the NFL MVP after the 2018 season, when he led the NFL with 50 landing passes and threw for five,097 yards in his first full season as a starter.

The Chiefs traded up within the 2017 draft to pick out Patrick Mahomes with the 10th general choose. He sat out for many of his rookie season behind starter Alex Smith, beginning in solely the season finale when the Chiefs rested their starters.

The Chiefs traded Smith to the Washington Redskins earlier than the next season, making Mahomes the starter.

Total, Mahomes has thrown for 9,412 yards with 76 touchdowns and 18 interceptions in 31 regular-season video games. In 5 playoff video games, he has thrown for 1,474 yards with 13 touchdowns and two interceptions.

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