Patrick Mahomes Gets 10-Year Deal With Kansas City Chiefs
Written by B87FM on July 6, 2020
Quarterback Patrick Mahomes, one of the N.F.L.’s biggest stars, has signed a 10-year contract extension with the Kansas Metropolis Chiefs, in keeping with an individual acquainted with the phrases of the deal who was not licensed to talk for the group.
The massive payday, worth up to half a billion dollars, for Mahomes, who at 24 has already been voted because the league’s most respected participant and gained a Tremendous Bowl, is more likely to set a brand new benchmark for the league’s younger quarterbacks who’re additionally enjoying on rookie contracts.
The extension of his present deal, which had two years left on it, will preserve him in Kansas Metropolis by means of 2031, when he will likely be 35 on opening day that season.
After the deal had been reported, Mahomes posted a one-minute video on his Twitter feed with the title, “Right here to remain…!” The video consists of clips of acrobatic throws and landing scores, and ends with the phrases, “We’re chasing a dynasty.”
The contract extension, which was first reported by ESPN, is the most important in N.F.L. historical past and one of many largest in U.S. sports activities. Leigh Steinberg, Mahomes’s agent, mentioned the extension was price $503 million. Steinberg mentioned $477 million of that cash was in “assure mechanisms” and that Mahomes might decide out if these mechanisms weren’t triggered. Mahomes additionally could have a no-trade clause.
A spokesman for the Chiefs declined to remark. Mahomes and the Chiefs began negotiations in May.
Ten-year contract extensions are uncommon within the N.F.L., the place the damage charges are excessive and groups function below a strict wage cap that limits how a lot they’ll spend on their rosters. Most star quarterbacks have obtained three- and four-year contracts lately. Russell Wilson, for example, signed a four-year, $140 million extension with the Seattle Seahawks final yr, which on the time made him the league’s highest paid player, with the biggest signing bonus — reportedly $65 million — in history.
The final time an N.F.L. participant signed a 10-year contract was in 2004, when quarterback Michael Vick, then 24 and with the Atlanta Falcons, agreed to a deal price as a lot as $130 million. That made him the highest-paid participant on the time.
However the Chiefs little question acknowledge that Mahomes is a once-in-a-generation participant with a mixture of athletic potential and star energy that’s almost inconceivable to duplicate. Brokers for different younger, proficient quarterbacks, most notably Dak Prescott of the Dallas Cowboys, are doubtless to make use of Mahomes’s contract to justify searching for related offers for his or her shoppers.
Lamar Jackson of the Baltimore Ravens and Deshaun Watson of the Houston Texans, two different cornerstone quarterbacks, are additionally nonetheless enjoying on rookie offers.
Mahomes’s rise has been swifter and borne larger outcomes. In 2017, the Chiefs traded up to the No. 10 pick in that year’s draft to select Mahomes, who performed school soccer at Texas Tech. After serving as a backup to Alex Smith in his rookie season, Mahomes took over the beginning quarterback spot in 2018 and immediately turned a star. He threw for five,097 yards and 50 touchdowns, serving to lead the Chiefs to a division title with a 12-Four report. The Chiefs lost in the A.F.C. championship game that season.
However this previous season, Mahomes helped lead the group to a division title and, after two dramatic comeback playoff victories, took the Chiefs to their second Super Bowl title, beating the San Francisco 49ers, 31-20, in February.
Together with signing bonuses, Mahomes has earned $13.7 million in his first three seasons, in keeping with Spotrac, a web site that tracks professional sports activities contracts. He had two years remaining on that deal price $2.eight million this season and $24.eight million subsequent yr.