Super Bowl MVP Patrick Mahomes and Kansas City Chiefs have agreed to a long-term contract extension worth $503 million ($A721 million) – the richest player deal in sports.
The Chiefs wanted to make sure they kept the Super Bowl champion quarterback around as long as possible and they have done that by extending his stay for a further 10 years.
Now they have the 24-year-old 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 Mahomes who led the Chiefs to their first championship in 50 years.
“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.
It has been reported that the deal includes an injury guarantee of $140m ($A201m).
The Chiefs already had picked up their fifth-year option in April on Mahomes, who had been due to make $825,000 ($A1.2m) on the final year of his rookie contract this season, to keep him around at least through 2021.
MLB superstar Mike Trout of the Los Angeles Angels in 2019 signed a contract extension worth $426.5m ($A611.5m).
Seattle Seahawks quarterback Russell Wilson’s four-year, $140m ($A200m) extension with the franchise in 2019 has an average annual value of $35m ($A50m).
The Chiefs traded up to select Mahomes 10th overall in the 2017 draft, and he spent one season learning the ropes under Alex Smith before getting the starting job.
Mahomes proceeded to shatter just about every franchise passing record while winning the league MVP award, and he had the Chiefs within overtime of landing in the Super Bowl that season.
He is 24-7 as a starter, completing 65.9 per cent of his passes with 76 touchdowns and only 18 interceptions.
Mahomes is 724 of 1,099 for 9,412 yards passing averaging 303.6 yards per game.
mushi
Roar Guru
Like Tom hanks when pressed about how much he earned post his oscar run: would you rather it go to Rupert Murdoch?
mushi
Roar Guru
It looks like it doesn't become massive until 2022 so they have a two year window. After that it get more dicey. Will need to really hit on the draft every year to stay super bowl competitive is the cap doesn't step up with the contract.
At work
Roar Rookie
It's funny when you read the comments section on Facebook when stories like this pop up, it's full of people saying nobody deserves to earn this, how obscene, blah blah. For me, I can't be happier when a player signs a huge deal, why not be happy for somebody who is making the most of their talent. And at the end of the day the NFL owners are all billionaires who profit from team ownership, so having a player get paid big dollars is a great story.
FantasyFootballDownUnder
Roar Rookie
Not at all
Paul
Roar Guru
and the winner is......!!
no one in particular
Roar Guru
And traded up to do so
JGK
Roar Guru
And DeShaun Watson!
no one in particular
Roar Guru
Still laughing at the Bears drafting Trubinsky ahead of him
Benjamin Conkey
Editor
Almost $200K a day. Ohh how I wish I could throw a pig skin.
JGK
Roar Guru
Well that kills the Chief’s chances for another Super Bowl after next season.