It's good to be Patrick Mahomes right now. The Kansas City Chiefs quarterback earned the NFL's MVP award in 2018, then followed that up with a Super Bowl victory and Super Bowl MVP trophy in 2019. So what could he possibly do for an encore in 2020? Well, it seems like Mahomes just answered that question: sign the largest contract in the history of professional sports.
Per ESPN's Adam Schefter, the 10-year extension could be worth up to $503 million. That includes $477 million in guarantee mechanisms, plus the ability for Mahomes to get out of the contract if those mechanisms aren't exercised. The contract also has a $140 million injury guarantee. Not bad for a guy who's only 24 years old.
NFL contracts typically aren't this long—and certainly aren't this expensive—but Mahomes's body of work is unprecedented. He's the only player in NFL history to win both the regular-season and Super Bowl MVP before turning 25, setting numerous NFL and franchise records along the way. Mahomes also has one more year under his rookie contract, and the Chiefs also picked up his option for 2021. On top of his extension, the Chiefs will still pay him $27.6 million over those two seasons.
| Personal Details | Information |
|---|---|
| Name | Patrick Mahomes |
| Birth Date | September 17, 1995 |
| Team | Kansas City Chiefs |
| Position | Quarterback |
| MVP Awards | 2018 NFL MVP, Super Bowl MVP 2020 |
Table of Contents
- Biography of Patrick Mahomes
- Details of the Historic Contract
- Impact on NFL and Future Contracts
- Final Thoughts
Biography of Patrick Mahomes
Born on September 17, 1995, Patrick Mahomes has quickly risen to fame in the NFL. His journey began in Texas, where he showcased extraordinary talent in football from a young age. His impressive skills led him to play college football at Texas Tech University, where he became a standout quarterback.
After a successful college career, Mahomes was drafted by the Kansas City Chiefs in 2017. His dynamic playing style and ability to perform under pressure caught the attention of fans and analysts alike. Within just a few years, Mahomes transformed into one of the most exciting players in the league.
Details of the Historic Contract
In July 2020, Patrick Mahomes signed a groundbreaking 10-year contract extension worth up to $503 million. This deal set new standards for athlete compensation, reflecting Mahomes's exceptional abilities and contributions to the sport. The contract includes $477 million in guarantee mechanisms, which provide financial security for the quarterback.
One of the notable features of this contract is the $140 million injury guarantee, ensuring Mahomes is protected in case of unforeseen injuries. This contract not only solidifies Mahomes's status as a premier quarterback but also reshapes the financial landscape for future NFL contracts.
Impact on NFL and Future Contracts
Mahomes's contract sets a new benchmark for quarterback compensation, influencing negotiations for other players in the league. As teams assess their financial strategies, Mahomes's deal serves as a reference point for aspiring quarterbacks like DeShaun Watson and Dak Prescott, who may seek similar financial security in their contracts.
Moreover, this historic contract could change the landscape of the NFL, leading to more lucrative deals for elite players. As the league continues to evolve, the impact of Mahomes's contract will be felt for years to come.
Final Thoughts
The future looks bright for Patrick Mahomes as he embarks on another season with substantial financial backing. His journey from a talented college player to a record-setting NFL superstar is inspiring. Despite the uncertainty surrounding the NFL season due to the coronavirus pandemic, Mahomes's achievements on and off the field continue to captivate fans around the world.
With a contract of this magnitude, Mahomes's best play yet may just be securing his legacy as one of the greatest quarterbacks in NFL history.
