The Kansas City Chiefs and Patrick Mahomes have agreed to a staggering contract extension that will keep the reigning Super Bowl MVP with the franchise for the next decade plus.
According to ESPN's Adam Schefter, Mahomes has inked a 10-year extension with the Chiefs. The extension is worth $450 million over 10 seasons, with $140 million of that guaranteed, Schefter adds. However, the deal does not include Mahomes being guaranteed a percentage of the team's salary cap every season, as some expected it would. In total, this will be a 12-year deal because Mahomes still has two years remaining on his rookie contract.
As NFL Update noted on Twitter, Mahomes joins a list of just five other quarterbacks to sign deals of a decade or longer in the last 20 years, the others being Drew Bledsoe, Brett Favre, Donovan McNabb, Daunte Culpepper and Michael Vick. To say those deals had mixed results would be an understatement.
After sitting behind Alex Smith for his rookie season, Mahomes exploded for one of the most dominant seasons in NFL history in 2018, tossing 50 touchdowns and racking up over 5,000 passing yards, en route to winning the NFL MVP.
Despite a knee injury that limited him to 14 regular season games in 2019, the Chiefs went 11-3 in games that Mahomes started, and were able to earn a first-round bye in the postseason. They then pulled off come-from-behind wins the AFC Divisional Round, AFC Championship Game and Super Bowl LII, ultimately defeating the San Francisco 49ers 31-20.
We will update this story as more details emerge...