The Kansas City Chiefs have announced that it has reached an agreement to extend the contract of Super Bowl MVP quarterback Patrick Mahomes. According to Chiefs.com, the agreement is a 10-year contract extension that will keep him leading the team through the 2031 season.
The deal is worth $450 million over the 10-year period and could make its way to be worth up to $503 million. He also has a no-trade clause, which includes a $140 million injury guarantee. As a result, Mahomes is the first athlete to sign a contract worth a half-billion-dollars. This also makes him the first NFL player to be the highest-paid athlete in the sports world.
“This is a significant moment for our franchise and for the Chiefs Kingdom,” Chiefs Chairman and CEO Clark Hunt said. “Since he joined the Chiefs just a few years ago, Patrick has developed into one of the most prolific athletes in all of sports. With his dynamic play and infectious personality, he is one of the most recognized and beloved figures to put on the Chiefs uniform. He’s an extraordinary leader and a credit to the Kansas City community, and I’m delighted that he will be a member of the Chiefs for many years to come.”
“Getting this deal done has been a priority for us for quite a while now,” Chiefs General Manager Brett Veach said. “I’d like to thank Chris Cabott and Leigh Steinberg for their efforts and patience, along with Brandt Tilis and Chris Shea on my staff. I’d also like to recognize Clark Hunt, Mark Donovan and Coach Reid who have all been incredibly supportive while we’ve worked through the details. I’ve said from the beginning that Patrick is one of the most impressive players I’ve ever scouted, but I don’t think anyone could have envisioned everything he’s brought to our football team and community. His abilities are so rare, and to couple that with an incredible personality is outstanding. We’re going to continue to do everything we can to surround him with talent, and this deal provides us more flexibility to do that. He’s obviously an integral part to our success and we’re thrilled he’s going to be the quarterback of the Kansas City Chiefs for a long time.”
“I’ve had the privilege of coaching a lot of incredible athletes and special people in my career, and Patrick is without question on that list of players, Chiefs Head Coach Andy Reid said. “The best part is he’s still early in his career. He’s a natural leader and always grinding, whether that’s on the field, in the weight room or watching film, he wants to be the best. He’s a competitor and his teammates feed off his energy. He makes us all better as an organization and we are blessed he’s going to be our quarterback for years to come.”