KC uses 5th-year option on Mahomes, works on long-term deal

Cover Image
Photo credit FILE - In this April 27, 2017, file photo, from left, Randi Martin, Patrick Mahomes and Leigh Steinberg react while Mahomes is on a call with the Kansas City Chiefs, during an NFL football draft watch party in Tyler, Texas. A decade after his personal and professional life bottomed out, agent Leigh Steinberg has returned to the top of his game, representing yet another Super Bowl MVP quarterback, Patrick Mahomes, and seeing another former client, Edgerrin James, be elected to the Hall of Fame. (Chelsea Purgahn/Tyler Morning Telegraph via AP, File)
By The Associated Press

KANSAS CITY, Mo. (AP) — The Kansas City Chiefs are exercising their fifth-year option on Super Bowl MVP Patrick Mahomes, a person familiar with their decision told The Associated Press, though both sides remain optimistic that they will agree on a long-term contract before the start of the season.

The person spoke Thursday on condition of anonymity because the Chiefs had not announced the move. NFL Network was first to report that the Chiefs had used their option on Mahomes for the 2021 season.

Teams are allowed to use a fifth-year option on players selected in the first round of the NFL draft. If the Chiefs are unable to sign Mahomes to a long-term deal, he would be due a base salary of $25 million for the optioned season.

Chiefs general manager Brett Veach has said signing Mahomes to a potentially record-setting contract would be a priority now that the NFL draft has concluded. Many agents and front-office executives believe Mahomes will sign a four- or five-year deal that could make him the first player in NFL history to land $40 million per season.