Mahomes & Chiefs ink new MEGA-DEAL & richest contract in NFL history

Patrick Mahomes had two years and $27.6 million left on his existing deal — $2.8M this year, $24.8M in 2021.

His 10-year extension is worth over $400M, though it's still uncertain how much over.

So the lowest his 12 year-deal could be worth is $427.6 million. But will be more.

— Adam Schefter (@AdamSchefter) July 6, 2020

Patrick Mahomes' 10-year extension with the Kansas City Chiefs is worth over $400 million in total, per league sources.

The more significant question is, How much over $400 million?

— Adam Schefter (@AdamSchefter) July 6, 2020

Chiefs and QB Patrick Mahomes have reached agreement on a 10-year — 10-year! — contract extension that ties him to Kansas City through the 2031 season, league sources tell ESPN.

— Adam Schefter (@AdamSchefter) July 6, 2020

Patrick Mahomes’ 10-year — 10-year! — contract extension that ties him to Kansas City through the 2031 season will be the richest contract in NFL history.

— Adam Schefter (@AdamSchefter) July 6, 2020

Patrick Mahomes had two years remaining on his contract, and he and the Chiefs are adding on 10 more, making it a a new 12-year contract in total.

— Adam Schefter (@AdamSchefter) July 6, 2020

Chiefs and Patrick Mahomes now have a 12-year commitment. pic.twitter.com/3j8NYur0aP

— Adam Schefter (@AdamSchefter) July 6, 2020

There are no official numbers on Patrick Mahomes' 10-year extension just yet, but multiple sources believe it ultimately will be tied to a percentage of the salary cap for each season. The higher the cap goes, the more Mahomes will make.

— Adam Schefter (@AdamSchefter) July 6, 2020