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Report: Patrick Mahomes Reaches 10-Year Contract Extension With Chiefs

Quarterback Patrick Mahomes and the Chiefs have reached an agreement on a 10-year contract extension, according to ESPN's Adam Schefter.

The reported deal will be the richest in NFL history, and it will keep the Super Bowl champion in Kansas City through the 2031 season.

Many expected Mahomes and the Chiefs to reach a long-term extension after the team exercised his fifth-year option on April 30. Under his 2021 option, Mahomes's rookie contract expanded to $41 million over five years.

It's no surprise the Chiefs would want to lock in Mahomes long-term after he led their fourth-quarter comeback to win Super Bowl LIV in February.