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Kansas City Chiefs quarterback Patrick Mahomes agrees to historic $500 million deal

Super Bowl-winning quarterback Patrick Mahomes has agreed to a historic $500 million contract extension with the Kansas City Chiefs.

Steinberg Sports, the agency that represents Mahomes, announced the half-billion dollar deal on Twitter. Mahomes’ agreement is worth $503 million, with $477M in guarantee mechanisms and a no-trade clause.

Mahomes is now “the first half billion dollar player in sports history,” according to the agency.

The Chiefs confirmed they reached the blockbuster 10-year deal with their MVP in a statement on Monday, with team CEO Clark Hunt calling Mahomes “one of the most prolific athletes in all of sports.”

Image:
Kansas City Chiefs’ Patrick Mahomes celebrates with the Vince Lombardi trophy after winning the Super Bowl on Feb. 2, 2020.Mike Blake / Reuters file

“With his dynamic play and infectious personality, he is one of the most recognized and beloved figures to put on the Chiefs uniform. He’s an extraordinary leader and a credit to the Kansas City community, and I’m delighted that he will be a member of the Chiefs for many years to come.”

The 24-year-old Mahomes won league MVP in 2018 and led the Chiefs to a come-from-behind victory in Super Bowl LIV in February, earning Super Bowl MVP honors.

Per: NBC

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