06/10/26 06:17:00
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06/10 18:16 CDT Chiefs lock in Patrick Mahomes through 2033 with a $504.75M
reworked deal, AP source says
Chiefs lock in Patrick Mahomes through 2033 with a $504.75M reworked deal, AP
source says
By DAVE SKRETTA
AP Sports Writer
KANSAS CITY, Mo. (AP) --- Patrick Mahomes is set to be the quarterback of the
Kansas City Chiefs well into the next decade.
The Chiefs and the two-time MVP agreed to a restructured contract Wednesday
that adds two years to his deal and pushes the total compensation past a
half-billion dollars, a person familiar with the terms told The Associated
Press. The person spoke on condition of anonymity because the Chiefs do not
disclose financial terms of their contracts.
The Chiefs later posted a photo of Mahomes signing his extension on social
media.
Mahomes signed a 10-year, $450 million contract in 2020 that set a benchmark
not only for the quarterback position but for any football player. The latest
extension ties the two-time MVP to the Chiefs through the 2033 season, when
Mahomes will be 38, and it comes in at $504.75 million, with incentives and
escalators that could push the value $522.25 million.
"Over the last decade, Patrick has become one of the most iconic, beloved
sports figures of all time," Chiefs chairman Clark Hunt said. "He has helped
lead our franchise to five Super Bowl appearances and three championships, he
has been instrumental in shaping the Chiefs brand and putting Kansas City on
the world stage, and on top of it all he has been an outstanding role model.
"Patrick is a generational talent and an elite human being and I'm so excited
he will continue to lead our team into the future."
The Chiefs and Mahomes regularly rework his contract in the offseason, giving
the team the financial flexibility to surround him with enough talent to
compete for championships. The latest deal, though, includes a massive pay
increase after recent deals done for other quarterbacks --- among them Dak
Prescott, Jordan Love, Joe Burrow and Josh Allen --- had reset the QB market.
Prescott's four-year deal included a league-leading average of $60 million per
year. Mahomes will now average $63.1 million.
"The magic continues," his agency, Equity Sports, and its chief executive Chris
Cabott wrote on social media Wednesday.
Mahomes underwent season-ending surgery last December after tearing ligaments
in his left knee in the waning minutes of a loss to the Chargers. He has spent
the entire offseason rehabbing the injury in Kansas City, and he has been on
the field for the entirety of the Chiefs' offseason program, which concludes
Thursday with the final day of their mandatory three-day minicamp.
"I like what I've seen. He's working hard," Chiefs coach Andy Reid said earlier
in offseason workouts. "This is good for him, I mean getting out there and
throwing. It's good rehab as he continues to rehab, so he keeps the feel with
the wide receivers. Or he's doing partial practice and --- but it's important
that he keeps his timing up. He's busting his tail to put himself in this
position."
Mahomes has insisted ever since his injury that his goal was to be ready for
Week 1 of the coming season.
The Chiefs play their preseason opener against the Rams on Aug. 15, but their
regular-season opener is not until Sept. 14, when they face defending AFC West
champion Denver in a marquee Monday night matchup at Arrowhead Stadium.
"I want to be out there with my guys," Mahomes said recently, "but I know
that's still a long ways away, and so all I can do is execute the day and do
whatever I can do to be better that day. We've done that up until now, and
we've set these checkpoints and these goals of where I want to be at, and I've
gotten to those. So now I just have to continue to do that at the right pace."
Mahomes has been shattering records ever since the Chiefs made him their
starter for the 2018 season. He has thrown for nearly 36,000 yards, earned six
Pro Bowl nods and won three Super Bowl titles in five trips to the championship
game.
The Chiefs had been to three straight Super Bowls before finishing a
disappointing 6-11 last season. Mahomes was on injured reserve for the final
three games, all of them losses, while the Chiefs turned their attention toward
the coming season.
"As a competitor and as a football player, I want to be there," Mahomes said.
"I can't predict the future. All I can do is be great today and then continue
to be great tomorrow, but I've gotten to where I've gotten to because of that
mindset and the goal at the end --- the very far end --- is to be ready and to
be able to go out there and play with the guys Week 1."
___
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