Oh, he's RICH rich. Kansas City Chiefs quarterback Patrick Mahomes just signed the BIGGEST contract in pro sports history. Deets on his 10-year, $503 million contract extension inside….
THIS. IS. HUGE.
2020 has been a sh*tshow thus far. However, Kansas City Chiefs quarterback Patrick Mahomes has something to celebrate.
The Super Bowl winning quarterback – the youngest QB to be named Super Bowl MVP - just signed the BIGGEST contract in pro sports history. According to ESPN, Patrick and the Chiefs reached an agreement on a 10-year contract extension worth $450 million and could be worth up to $503 million! ESPN’s Adam Schefter said the deal includes a $140 million injury guarantee, as well as a no-trade clause.
Not only that, there’s a clause that gives Patrick the ability to have outs if certain “guaranteed mechanisms” aren’t exercised.
After signing the historic deal, Patrick took to Twitter following the announcement:
Here to stay. . .! pic.twitter.com/mfwMga3Kl0
— Patrick Mahomes II (@PatrickMahomes) July 6, 2020
The 24-year-old NFLer will reportedly receive $83 million+ in signing bonuses from 2021 to 2023 ($21.7 million in 2021, $27.4 million in 2022, and $34 million+ in 2023). The first three years are guaranteed.
The Chiefs organization added $25 million in incentives over 10 years for Patrick. The NFL star will receive a $1.25 million incentive for winning the AFC Championship Game and a $1.25 million incentive for winning NFL MVP. You'll recall, Patrick led the Chiefs to victory over the San Francisco 49ers in Super Bowl LIV where he became the youngest QB in NFL history to win the MVP and a Super Bowl before turning 25. He doesn't turn 25 until September 17th.
Football fans have been cutting up on Twitter over the contract extension, poking fun that Dallas Cowboys quarterback Dak Prescott will try to negotiate a mega contract extension like Patrick's:
Dak Prescott to Jerry Jones after seeing Patrick Mahomes’ record breaking contract extension: pic.twitter.com/LjL8vUqfXg
— (@MecoleMVP) July 6, 2020
“Patrick Mahomes has signed a 10 year contract extension with the Kansas City Chiefs”
Dak Prescott: pic.twitter.com/tENu0WLPOf
— (@DakZekeCooper) July 6, 2020
*mahomes signs 10 yr./ $400 million contract*
*Dak Prescott walking into the office tomorrow to talk to Jerry Jones* pic.twitter.com/ZJtUmbyc1s
— AJ (@AjRubio3) July 6, 2020
Dak Prescott ignoring talent & stats on his way to complain to his agent about Patrick Maholmes’ new contract pic.twitter.com/dylGit0tkJ
— Allen Stiles (@The_StilesFiles) July 6, 2020
Jerry Jones when Dak Prescott thinks about mentioning Patrick Mahomes’ contract in their next negotiation meeting: pic.twitter.com/T10N0ksn4M
— Bleacher Fan Sports (@Bleacher_Fan) July 6, 2020
Patrick Mahomes after getting his contract and seeing Dak Prescott pic.twitter.com/bsJBZU6zP7
— Lakers (49-14) (@thatkid856) July 6, 2020
Dak Prescott right now after seeing Mahomes get his new contract: pic.twitter.com/N6rpARhDWy
— Jay WRLD (@CaffeinatedJay) July 6, 2020
The Internet is still undefeated.
Patrick Mahomes even cracked jokes about his contract extension on social media:
Had to make a quick trip I’ll be back tomorrow https://t.co/mllfzNXdXj
— Patrick Mahomes II (@PatrickMahomes) July 6, 2020
HA!
Patrick's new contract was so huge, Lakers baller LeBron James even asked to borrow money:
Bron asked for a piece of Mahomes' bag pic.twitter.com/l9NzLKgFeO
— Bleacher Report (@BleacherReport) July 7, 2020
*dead*
Other athletes joined in on the contract extension fun:
Lol i got you Man! I know you going to be able to get me back here soon https://t.co/xS7suwKz9A
— Patrick Mahomes II (@PatrickMahomes) July 7, 2020
Atlanta Hawks guard Trae Young promised to put his tab on Patrick's bill the next time they go out together.
Keep running! https://t.co/91bZPRU6OJ
— Patrick Mahomes II (@PatrickMahomes) July 7, 2020
What's understood doesn't need to be explained. #Ferrari @PatrickMahomes pic.twitter.com/bK4QflAop0
— Jamal Adams (@Prez) July 6, 2020
Congrats bro! Gonna have to celebrate on the course soon @PatrickMahomes
— Brooks Koepka (@BKoepka) July 7, 2020
The Young man deserve it all. One of the best I’ve been around. One of the Greats. #15 #RunItBack
— Tyrann Mathieu (@Mathieu_Era) July 6, 2020
We always talk about how NFL players aren't respected enough contrat-wise for how much they put their bodies through for sports entertainment. It looks like things are changing and it will possibly trickle down to other positions getting paid what they're actually worth as well.
Congrats, Patrick Mahomes!
Photo: Jamie Lamor Thompson/Shutterstock.com
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