BOSTON (CBS) — The Kansas City Chiefs are going to have their quarterback for a long time. A very long time.
And he’s going to make a lot of money.READ MORE: Boston Children's Museum Hosting 12+ Pop-Up COVID Vaccine Clinic
ESPN’s Adam Schefter reported Monday that Patrick Mahomes and the Chiefs have reached an agreement on a 10-year contract extension. The deal was struck with two years still left on Mahomes’ rookie deal, meaning Mahomes and the Chiefs are now in line to be together for the next 12 years.
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
Chiefs and Patrick Mahomes now have a 12-year commitment. pic.twitter.com/3j8NYur0aP
— Adam Schefter (@AdamSchefter) July 6, 2020READ MORE: Fourth Stimulus Check: Is Another Relief Payment Coming?
Originally, Schefter reported that the deal would pay Mahomes some $450 million. As it turns out, that report was low. NFL Network reported that the deal is worth up to $503 million.
The #Chiefs and QB Patrick Mahomes have agreed to terms on a 10-year extension worth $503 million, sources tell me and @TomPelissero. He gets $477M in guarantee mechanisms and gives the ability for Mahomes to have outs if the guarantee mechanisms aren’t exercised. No trade clause
— Ian Rapoport (@RapSheet) July 6, 2020
Mahomes is coming off a Super Bowl-winning season with the Chiefs, their first title in 50 years. The year before, Mahomes won the NFL MVP Award in his first season as a starting quarterback.MORE NEWS: Find 2021 Fireworks Near You - Guide To Boston Area & Eastern Mass.
Drafted 10th overall in 2017, Mahomes has completed 65.9 percent of his passes, averaging 8.6 yards per attempt while throwing 76 touchdowns and 18 interceptions. In five postseason games, he owns a 4-1 record, averaging 294.8 passing yards per game with a total of 13 touchdowns and two interceptions. He earned Super Bowl MVP honors in the Chiefs’ 31-20 win over the 49ers in Super Bowl LIV.