Patrick Mahomes signs $400 million dollar extension for 10-years to remain with the Chiefs. Mahomes is arguably the quarterback in the league and on his way to being one of the best ever. Mahomes first year as a starter, he took home league MVP. During that season, Mahomes lead the Chiefs to the AFC Championship game where they fell to New England. Last season, he guided the Chiefs to a Super Bowl win over the 49ers. Mahomes was the Super Bowl MVP and it was the Chiefs first Super Bowl in over 50 years. The Chiefs picked up Mahomes’ fifth-year option for the 2021 season in April, putting him under contract for the next two seasons. Mahomes had two years and $27.6 million left on his existing deal — $2.8 million this year, $24.8 million in 2021.
The 10-year extension puts him under contract with the Chiefs for the next 12 seasons. With a payout of at $477.6 million over the next 12 seasons, Mahomes will have the largest contract in American professional sports. Mike Trout had previously held that distinction when he signed a 12-year, $426.5 million contract with the Los Angeles Angels in March 2019. Trout’s contract is fully guaranteed, however. Mahomes becomes the fourth quarterback since 2011 to receive an extension before the start of his fourth season, joining Ryan Tannehill (Miami Dolphins in 2015), Carson Wentz (Philadelphia Eagles in ’19) and Jared Goff (Los Angeles Rams in ’19). The Chiefs had said they intended to sign their franchise quarterback to an extension but had previously indicated it might not happen until after this season.
The Chiefs traded up in the 2017 draft to select Mahomes with the 10th overall pick. He sat out for most of his rookie season behind starter Alex Smith, starting in only the season finale when the Chiefs rested their starters. The Chiefs traded Smith to the Washington Redskins before the following season, making Mahomes the starter. Overall, Mahomes has thrown for 9,412 yards with 76 touchdowns and 18 interceptions in 31 regular-season games. In five playoff games, he has thrown for 1,474 yards with 13 touchdowns and two interceptions.