Explore the latest developments concerning Sources: Chiefs' Patrick.
NFLN: Chiefs add two years to Patrick Mahomes' contract, making it first NFL deal valued at over $500 million
Patrick Mahomes and the Chiefs have once again collaborated on a historic contract extension.
Kansas City is adding two years to Mahomes' reworked contract, with the new money being worth $239.05 million and the total value coming out to $504.75 million, NFL Network Insider Ian Rapoport and ESPN's Adam Schefter reported Wednesday. The Chiefs announced the extension shortly after it was reported.
Schefter added that all $504.75 million becomes guaranteed through contract mechanisms, and that Mahomes can earn up to $522.25 million through incentives and escalators. The $64 million annual average value of the deal, beginning in 2027, is a new NFL record.
The years tacked on is a reworking of Mahomes' previous extension with the Chiefs, a 10-year deal that he signed in 2020.
Bluetooth Thermal Label Printer Small Wireless Shipping Label Printer 4X6 inch Portable Maker Compatible with Various systems
Report: Patrick Mahomes, Chiefs agree to first NFL deal worth over $500M
According to a joint report from ESPN and NFL Network, Mahomes has agreed to a reworked deal that will keep him under contract with the Chiefs through 2033.
Notably, the deal is worth $504.75 million, which is the first contract in NFL history valued at over a half-billion dollars.
“Over the last decade Patrick has become one of the most iconic, beloved sports figures of all-time,” Chiefs owner Clark Hunt said, via ESPN/NFL Network. “He has helped lead our franchise to five Super Bowl appearances and three championships, he has been instrumental in shaping the Chiefs brand and putting Kansas City on the world stage, and on top of it all he has been an outstanding role model in the community. Patrick is a generational talent and an elite human being, and I’m so excited he will continue to lead our team into the future.”
For more detailed information, explore updates concerning Sources: Chiefs' Patrick.
0 Comments