Chiefs sign Mahomes to $450M extension
The Chiefs wanted to make sure they kept Super Bowl MVP Patrick Mahomes around as long as possible.
Now they have him under contract through 2031 in what Chiefs chairman Clark Hunt calls a “significant moment.”
“Since he joined the Chiefs just a few years ago, Patrick has developed into one of the most prolific athletes in all of sports,” Hunt said in a statement about the quarterback who led them to their first championship in 50 years.
“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.”
The Chiefs had the 2018 NFL MVP under contract for the next two seasons but that wasn’t nearly enough.
“Here to stay,” Mahomes wrote on Twitter.
ESPN.com reported the deal is worth $450 million with an injury guarantee of $140 million. It’s the largest contract in American professional sports.
The Chiefs already had picked up their fifth-year option in April on Mahomes, who had been due to make $825,000 on the final year of his rookie contract this season, to keep him around at least through 2021. Now this extension will keep him under contract through the 2031 season.
Mahomes threw TD passes on consecutive fourth-quarter drives in rallying the Chiefs to their first Super Bowl title in 50 years.
That Super Bowl comeback performance earned Mahomes the MVP award.
The Chiefs traded up to select him
10th in the 2017 draft, and he spent one season learning under Alex Smith before starting. Mahomes then shattered just about every team passing record while winning the league MVP award.