According to Adam Schefter of ESPN, Super Bowl champion and NFL MVP quarterback Patrick Mahomes has agreed to a 10-year contract extension with the Kansas City Chiefs, going for $450 million with the injury guarantee at $140 million. It is the richest deal in sports history as the contract will total $450 million, Mike Trout’s contract is second at $426.5 million. Since he still has two years remaining on his contract before the extension, he is now signed with the team for 12 years through the 2031 season.
Mahomes took over for Alex Smith as the full-time starter in 2018 and has already cemented himself as the NFL’s best quarterback. He won NFL MVP in 2018 by throwing 50 touchdown passes, and in 2019, he led the Chiefs to their first Super Bowl championship. He did so by becoming the first quarterback in NFL history to overcome three double-digit deficits in the same postseason. His arm talent combined with his mobility makes him one of the most talented quarterbacks the league has ever seen.
For the Chiefs, this was a deal that needed to be made. Mahomes has elevated the franchise to the top of the mountain in only two seasons as the starter. The Chiefs needed to do everything possible to keep their prized piece from ever leaving and finding success with another franchise. He has been nothing short of sensational on top of being a class act off the field. The Chiefs will have their general for at least the next decade as they try to build the NFL’s new dynasty.
However, paying your quarterback this much does come at a cost. The Chiefs already have one of the lowest salary-cap rooms in the NFL and now with this contract, the Chiefs are going to have to make some tough decisions going forward with the rest of their roster. Mahomes’ cap hit this season will be $5.3 million, but that will skyrocket as his extension kicks in. How the front office manages this will determine if last year’s Super Bowl championship was the only one Mahomes will win.
Mahomes is the new face of the NFL and now he is getting paid like it. He will be a Chief for the next 12 years. Time to see how his career unfolds with the team. Will the Chiefs waste his prime like the Green Bay Packers did with Aaron Rodgers or build around him as the New England Patriots did with Tom Brady? Time will tell.