Mahomes, Chiefs agree on 10-year contract extension
The Kansas City Chiefs made sure they’ll have Super Bowl MVP Patrick Mahomes around as long as possible.
Mahomes agreed to a 10-year extension worth up to $503 million, according to his agency, Steinberg Sports. The deal is worth $477 million in guarantee mechanisms and includes a notrade clause and opt-out clauses if guarantee mechanisms aren’t met.
It’s the richest contract in professional sports history, surpassing Mike Trout’s
$426.5 million deal with the Los Angeles Angels.
“Since he joined the Chiefs just a few years ago, Patrick has developed into one of the most prolific athletes in all of sports,” Chiefs chairman Clark 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.
The contract extension starts in 2022 when the NFL salary cap is projected to be $227.5 million. However, that number could be lower depending on revenue losses due to the cornonavirus pandemic and the possibility any games played this season won’t have fans.
Still, Mahomes will take up a big chunk of Kansas City’s cap space, around 20 percent depending on the annual contract breakdown and final cap numbers. That could potentially make it difficult for the Chiefs to pay several star players big contracts.
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.
NATIVE AMERICAN GROUPS ASK NFL TO FORCE WASHINGTON TO CHANGE MASCOT >>
Several Native American leaders and organizations sent a letter to NFL commissioner Roger Goodell on Monday calling for the league to force Washington owner Dan Snyder to change the team name immediately.
The letter obtained by The Associated Press is signed by 15 Native American advocates. It demands the team and the NFL cease the use of Native American names, imagery and logos — with specific importance put on Washington, which last week launched a “thorough review” of its name.
The groups “expect the NFL to engage in a robust, meaningful reconciliation process with Native American movement leaders, tribes, and organizations to repair the decades of emotional violence and other serious harms this racist team name has caused to Native Peoples.”
• Three minority owners of Washington have hired an investment banking firm to find buyers for their share of the team, The Washington Post reported. The men — Robert Rothman, Dwight Schar and Frederick W. Smith — jointly own 40 percent of the team but reportedly want to sell out of dissatisfaction with Snyder.
49ERS SIGN CB TAYLOR, WAIVE CB TABOR >>
The San Francisco 49ers signed veteran cornerback Jamar Taylor to replace Teez Tabor, who was waived with a non-football injury. Taylor, 29, has played in 90 games with six teams since the Miami Dolphins selected him in the second round in the 2013 draft.
Tabor, 24, suffered a Jones fracture in his foot while working out on his own and underwent surgery, according to NFL Network’s Tom Pelissero.