Superstar quarterback and Super Bowl MVP Patrick Mahomes has agreed to terms on a 10-year extension that will keep him in Kansas City through the 2031 season, ESPN’s Adam Schefter reported Monday afternoon.
Schefter later reported the deal is worth $450 million with a $140 million injury guarantee. That would make it the richest contract in sports history, topping the 12-year, $426.5 million deal that baseball star Mike Trout signed with the Los Angeles Angels in 2019.
The Chiefs, who started the day with $6.2 million in available salary-cap space, apparently got creative with Mahomes’ deal. Citing sources, Schefter reported the extension will be tied to a percentage of the salary cap every season, which means Mahomes can earn more each year as the cap increases.