The 10-year extension is reportedly value $450 million. ESPN was first to report on the phrases of the contract, adopted by NFL Community. The extension brings the whole potential worth of Mahomes’ present contract to as a lot as $503 million between the 2020 and 2031 NFL seasons, based on ESPN and NFL Community.

In a submit on Instagram, Mahomes’ agent Chris Cabott touted the historic nature of the huge contract. “First half billion greenback participant in sports activities historical past. Largest contract in sports activities historical past. First time NFL participant has been the best paid participant in sports activities historical past,” Cabott wrote alongside an image of Mahomes signing the contract.

“This can be a vital second for our franchise and for the Chiefs Kingdom,” Chiefs Chairman and CEO Clark Hunt mentioned in a statement. “Since he joined the Chiefs only a few years in the past, Patrick has developed into some of the prolific athletes in all of sports activities.”

“He is a unprecedented chief and a credit score to the Kansas Metropolis neighborhood, and I am delighted that he will probably be a member of the Chiefs for a few years to come back,” Hunt added.

Chiefs Head Coach Andy Reid expressed his pleasure on the prospect of teaching Mahomes for the foreseeable future, saying in an announcement, “I’ve had the privilege of teaching a whole lot of unbelievable athletes and particular individuals in my profession, and Patrick is with out query on that listing of gamers. The most effective half is he is nonetheless early in his profession.”

Mahomes has been with the Chiefs since 2017 when he was chosen by the workforce because the tenth total decide within the first spherical of the draft. The Texas native performed at Texas Tech earlier than being drafted.

CNN has reached out to Mahomes’ agent for extra particulars on the blockbuster deal.

Clarification: This story has been up to date to mirror that Mahomes was the tenth total decide within the first spherical of the draft.

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