Patrick Mahomes and Chiefs Agree to Richest Contract in Sports History

The pact will keep the one-time MVP with Kansas City through the 2031 season

Patrick Mahomes and Chiefs Agree to Richest Contract in NFL History
Patrick Mahomes of the Chiefs throws a preseason pass against the Bengals. (David Eulitt/Getty)
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By Evan Bleier / July 6, 2020 3:34 pm

Somebody’s gonna be able to buy a lot of ketchup …

First reported by ESPN’s Adam Schefter, Patrick Mahomes and the Kansas City Chiefs have agreed to the richest contract in the history of the NFL — and sports in general.

The 10-year deal adds an additional decade onto the two years the 24-year-old quarterback already had on his contract with the Chiefs, meaning he is now signed with Kansas City through the 2031 season. Mahomes has $27.6 million left on his old deal — $2.8 million this year and $24.8 million in 2021.

His total contract now tops the 12-year, $426.5-million contract MLB star Mike Trout signed with the Angels last year and also exceeds the length of any other NFL contract by at least five years.

Though it was theorized Mahomes’s total compensation would at least partially be tied to a percentage of the NFL salary cap in order to ensure he is paid fairly relative to inflation throughout the entirety of the lengthy contract, that apparently is not the case.

Entering his fourth season in the NFL, Mahomes was named league MVP in his first season as a starter and won Super Bowl MVP in his second. In his young career, Mahomes has already thrown for 76 touchdowns and 9,412 yards.

The last time a quarterback signed a 10-year extension in the NFL was in 2004 when Michael Vick inked a 10-year deal with the Atlanta Falcons.

At the time, the $130 million contract, which included a then-league-record $37 million in guaranteed money, made Vick the highest-paid player in the NFL.

Prior to Vick signing with the Falcons, Donovan McNabb signed a 12-year deal with the Eagles in 2002, Brett Favre signed a “lifetime” contract with the Packers in 2001 and Drew Bledsoe inked a 10-year pact with the Patriots the same year.

Vick, McNabb, Favre and Bledsoe all went on to play for other teams after signing their lengthy contracts. The Chiefs, at least for now, are hoping that won’t be the case with Mahomes.

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