If you were shocked by the length of Patrick Mahomes' new 10-year, $503 million contract with the Kansas City Chiefs, don't worry, you're not the only one. — Adam Schefter (@AdamSchefter) July 6, 2020 Schefter later wrote on Instagram that Mahomes’ deal is worth more than $400 million, “though it’s still uncertain how much over. The information does not usually directly identify you, but it can give you a more personalised web experience. On the 3rd day of the 2028 league year Mahomes salary and bonuses in 2029 are guaranteed. Already Subscribed? Partnered with the USA TODAY Sports Media Group  |  Powered by, Leigh Steinberg (Steinberg Sports & Entertainment), Converted a $21M roster bonus into signing bonus, clearing $17.3M of cap with Kansas City (KC), Signed a 10 year $450 million contract extension with Kansas City (KC), Kansas City (KC) exercised a $24.8 million option for 2021, Signed a 4 year $16.42 million contract with Kansas City (KC), Drafted by Kansas City (KC): Round 1 (#10 overall), By visiting Vikings, Bashaud Breeland puts his possible return to Chiefs in doubt, The Cowboys, Bills, Chiefs, Rams and Seahawks traded picks for stars: 5th-year options and re-thinking the NFL Draft, What the numbers tell us about reasonable expectations for NFL rookies, Chiefs rookie camp takeaways: Top pick Nick Bolton starts fast, Lucas Niang’s robust return, Each NFL team’s must-watch game in 2021: Options beyond Tom Brady and the Bucs, 32 NFL staff predictions: NFC West wide open; Bills, Buccaneers, Chiefs unanimous champs, $63M guaranteed at signing (signing bonus + 2020 salary + 2021 salary + 2021 roster bonus + 2022 salary + 2022 roster bonus), 2023 salary & roster bonus + workout bonus fully guarantee on 3/19/2021 ($100M of total dead cap), 2024 salary & roster bonus + workout bonus fully guarantee on the 3rd league day of 2022 ($113.3M of total dead cap), 2025 roster bonus + workout bonus fully guarantees on the 3rd league day of 2023 ($121.3M of total dead cap), 2025 salary + workout bonus fully guarantees on the 3rd league day of 2024 ($81.9M of total dead cap), 2026 roster bonus fully guarantees on the 3rd league day of 2025 ($80.85M of total dead cap), 2026 salary + workout bonus , 2027 roster bonus fully guarantee on the 3rd league day of 2026 ($91.35M of total dead cap), 2027 salary + workout bonus + 2028 salary + 2028 roster bonus fully guarantee on the 3rd league of 2027 ($104M of total dead cap), 2029 salary + workout bonus & 2029 roster bonus fully guarantee on the 3rd league day of 2028 ($89.4M of total dead cap), 2030 salary  & 2030 roster bonus fully guarantee on the 3rd league day of 2029 ($94.85M of total dead cap), 2031 roster bonus fully guarantee on the 3rd league day of 2030 ($63.8M of total dead cap), 2031 base salary fully guarantees on the 3rd league day of 2031 ($51.9M of total dead cap), 2022-2031: $2.5 million incentives ($1.25 million winning AFC Champ Game $1.25 million NFL MVP). On the 3rd day of the 2029 league year Mahomes' 2030 salary and bonuses are guaranteed. Share this article 511 shares share tweet text email link Charles Curtis. A liquor store employee broke the news of Kansas City Chiefs quarterback Patrick Mahomes' new contract hours before major outlets reported the 10-year extension. All information these cookies collect is aggregated and therefore anonymous. Ranking Patrick Mahomes's current TVS in terms of similar players at his position. Mahomes also gave the Kansas City Chiefs a nice discount in his new contract extension that could pay him half a billion dollars. The Chiefs are restructuring the contracts of Patrick Mahomes, Travis Kelce and Chris Jones, NFL Network's James Palmer reported, per a source informed of the It was a 10-year extension, ultimately worth up to … On the 3rd day of the 2027 league year the rest of Mahomes' 2027 salary and his entire 2028 salary and bonuses will become fully guaranteed. His new contract is worth $650m Upon signing Mahomes' 2020, 2021, and 2022 salaries are all guaranteed. The largest contract in the history of American professional sports is getting a tweak.. Chiefs quarterback Patrick Mahomes is due a $21.7 million … Because we respect your right to privacy, you can choose not to allow some types of cookies. In 2021, Mahomes will earn a base salary of $990,000, a restructure bonus of $21,716,905 and a workout bonus of $100,000, while carrying a cap hit of $7,433,381 and a dead cap value of … ... signed a 4-year, $51 million contract … Speaking in Miami last week, he said, “There will be a right time sometime in the next 12 to 15 months to extend Patrick. Richest deal in sports’ history. After the Kansas City Chiefs gave quarterback Patrick Mahomes a 10-year contract extension, several Denver Broncos players reacted to the news on Twitter. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. The Chiefs and QB Patrick Mahomes have agreed on a 10-year contract extension that ties him to Kansas City through 2031. The 2018 Super Bowl … They help us to know which pages are the most and least popular and see how visitors move around the site. NFL insiders said the moves were salary-cap related and the restructuring of Mahomes contract could give KC more money to spend on free agency and … “Patrick Mahomes signed a 10 year, $450,000,000 contract with the Kansas City Chiefs, including a $10,000,000 signing bonus, $141,481,905 guaranteed, and … We use cookies to offer you a better browsing experience, analyze site traffic, & serve targeted ads. NFL star quarterback Patrick Mahomes might have to get a bigger piggy bank. — … It began with purchasing a minority stake in the Kansas City Royals. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. This website is not directly or indirectly affiliated, associated, or connected in any way to Major League Baseball, the National Basketball Association, the National Football League or the National Hockey League. Weeks not plotted indicate that the player was inactive or on a bye. The max extension value including all incentives is $475 million. https://www.insider.com/patrick-mahomes-contract-nfl-history-2020-7 How Mahomes is protected with guarantees in his new contract (0:54) Adam Schefter breaks down some details of Patrick Mahomes' 10-year contract extension with the Chiefs. Patrick Mahomes took to Twitter to share his thoughts on the drop of cryptocurrency and countless folks out there feel the same way ... With him signing a $502 million contract… The guarantee structure is as follows. This website is not affiliated with the NFL, NFLPA, or any individual NFL franchise. #Chiefs QB Patrick Mahomes’ contract, like many, has automatic conversion language that allows the team to convert salary or bonuses to a signing bonus at any time to create cap space. Patrick Mahomes got paid last summer to the tune of a 10-year contract worth over $500 million. Patrick Mahomes just became a very rich man. Patrick Mahomes contract will potentially keep him with Kansas City until 2032. The Dallas Cowboys signed QB Dak Prescott to a contract that made him the second-highest-paid quarterback behind Kansas City Chiefs QB Patrick Mahomes.. Patrick Mahomes is now the owner of the richest contract in sports history and the first ever deal worth half of a billion dollars. Shortly after signing his record $503 million contract last summer, Mahomes hit the ground running on investments, partnerships and ownerships. To see the rest of the Patrick Mahomes' contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. On July 6, 2020, Patrick Mahomes's record-breaking contract extension made waves across the sports world. -- Superstar Kansas City Chiefs quarterback Patrick Mahomes shattered another record on Monday in the form of his 10-year, $503 million contract extension. Patrick Mahomes contract extension The face value of the contract. Let's start exploring what needs to … Patrick Mahomes firmly secured his long-term future with the Kansas City Chiefs after a record-breaking deal last offseason. Mahomes’ contract is officially worth $450 million, but he will have the ability to earn up to $503 million over the course of the contract. Patrick Mahomes contract will potentially keep him with Kansas City until 2032. A detailed insight into Patrick Mahomes’ 10-year extension with Kansas City Chiefs. While it seems the two previous sentences can't … Mahomes signed a 10-year, $450 million contract extension with the Chiefs prior to the 2020 season. Speaking in Miami last week, he said, “There will be a right time sometime in the next 12 to 15 months to extend Patrick. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. #Chiefs QB Patrick Mahomes’ contract, like many, has automatic conversion language that allows the team to convert salary or bonuses to a signing bonus at any time to create cap space. He’s about to go from $13.5 million per year to $45 million per year, if not more. Chiefs quarterback Patrick Mahomes is due a $21.7 million … Inside Patrick Mahomes’ contract negotiations — the two things he wanted from the Chiefs in a new deal New, comments Mahomes desired financial security for … Chiefs and QB Patrick Mahomes have reached agreement on a 10-year -- 10-year! If you’ll recall, Mahomes signed a 10-year contract worth up to $503 million back in July of 2020. Starting in 2022, Mahomes can earn an extra $2.5 million per year across the final 10 years. The largest contract in the history of American professional sports is getting a tweak. Kansas City Chiefs star quarterback Patrick Mahomes’ contract is a record-breaking 10-year deal worth up to $503 million dollars. After release, Mitchell Schwartz thanks Chiefs fans, defends Patrick Mahomes’ contract By Pete Grathoff. The Chiefs want to sign Patrick Mahomes to a long-term contract sooner than later. While this deal was advertised as a 10-year contract extension, it actually serves to keep Mahomes potentially under contract for 12 years. Hunt is hoping to delay the signing of Mahomes' mega-contract to 2021. MIAMI, FLORIDA - FEBRUARY 02: Patrick Mahomes #15 of the Kansas City Chiefs reacts prior to Super Bowl LIV against the San Francisco 49ers … Mahomes also gave the Kansas City Chiefs a discount. The Kansas City Chiefs owners are giving Patrick Mahomes a helluva raise once his current contract expires. Patrick Mahomes and several other NFL players look like complete fools for their complaints about the Ja’Wuan James situation. 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. And Patrick Mahomes just got the richest contract … Mahomes’s representatives—who don’t have many other big-name clients—can use the “richest contract in history” sound bite as a short-term recruiting tool. NFL star Patrick Mahomes has signed a ten-year contract extension worth £402MILLION to stay with the Kansas City Chiefs. The injury guarantee is $140 million, per source. Patrick Mahomes will restructure contract for 2021 cap relief. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Patrick Mahomes took to Twitter to share his thoughts on the drop of cryptocurrency and countless folks out there feel the same way ... With him signing a $502 million contract… The contract has $63.0819 million fully guaranteed at signing including a $10 million signing bonus. Deshaun Watson: $39M/year 4. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. Patrick Mahomes contract breakdown Here's a breakdown of Patrick Mahomes' new contract with the Chiefs. Although rolling guarantees are common in NFL contracts, it doesn’t usually exceed the entire life of a 10-year extension (12-year deal). Patrick Mahomes gets over $63 million fully guaranteed at signing and $103M by next March. This was published 10 months ago. The diamond is a scatterplot graph that visualizes the relation of the player's APY (in green) and performance (in blue, as measured by OTC's Valuations) to the rest of the league at his position. Mahomes also boasts financial stake in WHOOP. Also, by disabling these cookies you will also disable banner ads served by Google Adsense on this website.. For more information about these items, view our complete privacy policy.Read More. Patrick Mahomes will be back on the practice field next week. No matter what happens, the 10-year contract Patrick Mahomes signed with the Kansas City Chiefs will make him among the richest athletes of the modern era. Mahomes also boasts financial stake in WHOOP. If you’ll recall, Mahomes signed a 10-year contract worth up to $503 million back in July of 2020. Of Mahomes contract, 13.2 percent is fully guaranteed at signing. So was Patrick Mahomes. In an era when all sports contracts are scrutinized, nearly everyone agrees that Mahomes is worth the deal, with some even calling it a team-friendly deal for the Kansas City Chiefs. How Mahomes is protected with guarantees in his new contract (0:54) Adam Schefter breaks down some details of Patrick Mahomes' 10-year contract extension with the Chiefs. Share this article 511 shares share tweet text email link Charles Curtis. But Patrick Mahomes just signed a new contract that’s paying him an insane $500 million over ten years. While Mahomes’ contract accounts for a mere 2.4 percent of the Chiefs’ 2020 salary cap, that will increase to more than 13 percent the following season. $141 million is guaranteed for injury and a total of $477.631 million can become guaranteed based on roster status. Patrick Mahomes inks historic contract with Chiefs Patrick Mahomes signed the biggest deal in American sports history, a 12-year extension worth up to $503 million. Mahomes Is an Investor in WHOOP. NFL: How much is Patrick Mahomes' contract worth? Patrick Mahomes is now the owner of the richest contract in sports history and the first ever deal worth half of a billion dollars. Patrick Mahomes signed the biggest deal in American sports history, a 12-year extension worth up to $503 million. After biding his time behind Alex Smith as a rookie, he took over the starting role and immediately made his presence known. @mikechiari The Chiefs and QB Patrick Mahomes have agreed on a 10-year contract extension that ties him to Kansas City through 2031. Patrick Mahomes | Early Life, Family, & Education Early Life, Parents, and Siblings. Patrick Mahomes will restructure contract for 2021 cap relief. July 7, 2020 10:22 am ET. If you do not allow these cookies, you will experience less targeted advertising. On the 3rd day of the 2030 league year Mahomes $13.9 million 2031 roster bonus is guaranteed. The Chiefs converted Mahomes' $21.716 million roster bonus into a signing bonus on March 11, 2021. Hearing a player with the following and influence that Patrick Mahomes has mention this holds more water than others who would bring the idea to … Compensation update: Patrick Mahomes’ 10-year extension is worth $450 million, sources tell ESPN. The contract extension Patrick Mahomes signed with the Chiefs in July is such that it can only be described as massive no matter how it's viewed. -- contract extension that ties him to Kansas City through the 2031 season, league sources tell ESPN. Mahomes also gave the Kansas City Chiefs a nice discount in his new contract extension that could pay him half a billion dollars. Shortly after signing his record $503 million contract last summer, Mahomes … It was a 10-year extension, ultimately worth up to … Patrick Mahomes will restructure contract for 2021 cap relief. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. In an era when all sports contracts are scrutinized, nearly everyone agrees that Mahomes is worth the deal, with some even calling it a team-friendly deal for the Kansas City Chiefs. The Kansas City Chiefs have signed Patrick Mahomes to a 10-year contract extension which is said to be the "largest contract in sports history," according to his agent What are the terms of Patrick Mahomes contract? Patrick Mahomes: $45M/year 2. $1.25 million each year can be earned if he wins the MVP in any given season. Of Mahomes contract, 13.2 percent is fully guaranteed at signing. Lamar Jackson, who succeeded him as … Patrick Mahomes, a 24-year-old quarterback who led the Kansas City Chiefs to a Super Bowl win on Feb. 2, 2020, was rewarded with a 10-year contract extension that’s worth over … 1. Kansas City Chiefs quarterback Patrick Mahomes, shown Oct. 11, 2020, underwent surgery to address a turf toe injury earlier this off-season. Patrick Mahomes signed the richest contract in sports history on Monday, agreeing to a 10-year, $450 million extension with the Kansas City Chiefs. During a recent interview, he revealed his best purchase since signing the contract. Russell Wilson: $35M/year Chicago Bears fans can't escape the nightmare that is Patrick Mahomes. NFL star Patrick Mahomes has signed a ten-year contract extension worth £402MILLION to stay with the Kansas City Chiefs. Patrick Mahomes played NFL for $2.8m this year. Instead, Ryan Pace chose Mitch Trubisky, who's entering a 2020 training camp battle with Nick Foles for the team's starting job. performance (in blue, as measured by OTC's Valuations), cash that is due to the player in the next season (in red), Entry: 2017 Draft, Round 1, #10 overall (Chiefs), 2021 Salary Cap Charge: $7,433,381 (3.96% of cap), 2021 Cash Payout: $22,806,905 (10.13% of spending), Contract Value: $450,000,000 ($45,000,000 APY). By using our site, you consent to our use of cookies. Now, other quarterbacks want similar deals. The country is mired in a pandemic, budgets everywhere are tightening and the near-term future of sports is tenuous. Of Tannehill’s, 52.5 percent is fully guaranteed at signing. After release, Mitchell Schwartz thanks Chiefs fans, defends Patrick Mahomes’ contract By Pete Grathoff. NFL star Patrick Mahomes signs a 10-year contract with the Kansas City Chiefs reported to be worth a record $503m (£403m). The injury guarantee is $140 million, per source. At $45 million per year, it shatters the current highest contract based on the annual average value. Some may voice their view that Mahomes “doesn’t deserve” a contract of this size. On Monday, the Chiefs and Mahomes agreed to a 10-year contract extension that will make the star quarterback the richest player in the NFL at $450 million, according to ESPN's Adam Schefter. At $45 million per year, it shatters the current highest contract based on the annual average value. The Patrick Mahomes contract, a stunning 10-year extension reportedly worth more than $400 million in new money, raises more questions than it answers. Prescott will make $40 million a year to Mahomes’ $45 million — but again, Prescott’s contract is over four years. In every year starting in 2022 Mahomes has incentives that are worth $2.5 million a year. These cookies may be set through our site by our advertising partners. Four months after signing a contract extension that could reach half a billion dollars, Kansas City Chiefs quarterback Patrick Mahomes invested in … When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Speaking in Miami last week, he said, “There will be a right time sometime in the next 12 to 15 months to extend Patrick. According to a report, Patrick Mahomes has restructured his contract to give the Kansas City Chiefs more room to work with the salary cap. Hunt is hoping to delay the signing of Mahomes' mega-contract to 2021. On the 3rd day of the 2022 league year all of Mahomes 2024 compensation will become fully guaranteed. On the 3rd day of the 2023 league year Mahomes $38.9 million 2025 roster bonus will become guaranteed. Kansas City Chiefs quarterback Patrick Mahomes chimed in on the situation on Twitter on Tuesday afternoon. On Friday, ESPN's Adam Schefter reported that Kansas City Chiefs quarterback Patrick Mahomes is expected to restructure his contract. NFL insider, Adam Schefter was the first reporter to break the news of Patrick Mahomes’ 10-year contract extension. The move created $17.374 million in cap space for the Chiefs in 2021. Click on the different category headings to find out more and change our default settings. Of Tannehill’s, 52.5 percent is fully guaranteed at signing. These cookies are necessary for the website to function and cannot be switched off in our systems. The extension has changed Mahomes‘ life off the field in many ways. But whether he “deserved” the money is not for any of us to decide. The injury guarantee is $140 million, per source. Patrick Mahomes has a way to make the contract extension worth more than $500 million An additional pair of clauses in Mahomes’ contract makes it possible for him to earn another $25 million. RELATED: Kliff Kingsbury Made a Stunning Prediction About Patrick Mahomes’ Contract Before His First NFL Start It didn’t take Mahomes long to prove NFL teams made a mistake by letting him fall to the 10th pick in the 2017 NFL draft. Patrick Mahomes II @PatrickMahomes So they are going to take his contract for working out in the off-season??? Mahomes' cap number will increase by $4.343 million in each of the next four years of the contract. Patrick Mahomes just became a very rich man. Patrick Mahomes contract details In total, Mahomes could earn up to $502.631 million over the next 12 years if he hits all of his incentives. A visual look at how Patrick Mahomes ranks across the league, conference, division, and team. On the 3rd day of the 2021 league year Mahomes' 2023 salary and bonuses will become fully guaranteed. Inside Patrick Mahomes’ contract negotiations — the two things he wanted from the Chiefs in a new deal New, comments Mahomes desired financial security for … It is the largest contract in sports history ever. In total, Mahomes could earn up to $502.631 million over the next 12 years if he hits all of his incentives. The base value of his contract, including the next two seasons before his extension kicks in, is $477.631 million for an average of $39.8 million per year. Starting in 2022, Mahomes will make an average of $45 million per year. He shed his walking boot last month. $63M guaranteed at signing (signing bonus + 2020 salary + 2021 salary + 2021 roster bonus + 2022 salary + 2022 roster... 2023 salary & roster bonus + workout bonus fully guarantee on the 3rd league of 2021 ($100M of … Patrick Mahomes signed the biggest deal in American sports history, a 12-year extension worth up to $503 million. Patrick Mahomes contract: The 10 highest paid NFL quarterbacks. Initial speculation that the future years of the deal would be tied to … https://www.foxbusiness.com/sports/chiefs-patrick-mahomes-contract-super-bowl Use of any marks, trademarks, or logos on this website shall not constitute a sponsorship or endorsement by the trademark holder. The country is mired in a pandemic, budgets everywhere are tightening and the near-term future of sports is tenuous. Another reported feature is an injury guarantee that rises to $141 million by 2022.. Compensation update: Patrick Mahomes’ 10-year extension is worth $450 million, sources tell ESPN. Mahomes would set a new record with every aspect of such a contract, and based on the market, it would be worth it for the Chiefs. When Mahomes … These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. That prompted a response from Schwartz, who was quick to point out the truth. To understand how to read the diamond, read this explainer. On the surface, the Mahomes contract is both impressive and underwhelming at the same time. Patrick Mahomes Signs 10 Year Contract Extension Posted on July 6, 2020 July 6, 2020 by Jason Fitzgerald Chiefs and Patrick Mahomes now have a 12-year commitment. Entering the fourth year of his rookie contract, Mahomes had two years remaining on … Kansas City locked up quarterback Patrick Mahomes on Monday with a 10-year contract extension that includes $141.4 million guaranteed for injury. Patrick Mahomes contract: The 10 highest paid NFL quarterbacks. How Mahomes is protected with guarantees in his new contract (0:54) Adam Schefter breaks down some details of Patrick Mahomes' 10-year contract extension with the Chiefs. Patrick Mahomes just became a very rich man. Patrick Mahomes contract: QB restructures record deal to save Chiefs $17 million, per report Last offseason, Mahomes signed a record-breaking megadeal that he's now being asked to restructure Therefore, Mahomes now has the largest contract in American sports history, surpassing the $426 million contract given to … On Monday, the Chiefs and Mahomes agreed to a 10-year contract extension that will make the star quarterback the richest player in the NFL at $450 million, according to ESPN's Adam Schefter. Mahomes set the market for all quarterbacks last year when he signed a lucrative 10-year, $450 million contract extension with the Chiefs, where he earns an annual salary of $45 million. And Patrick Mahomes just got the richest contract … July 7, 2020 10:22 am ET. The Patrick Mahomes contract, a stunning 10-year extension reportedly worth more than $400 million in new money, raises more questions than it … Dak Prescott: $40M/year 3. The latest report on Mahomes' recovery comes from James Palmer of NFL Network, who tweeted that, according to a source, "Patrick Mahomes is … Shortly after signing his record $503 million contract last summer, Mahomes … How Mahomes is protected with guarantees in his new contract (0:54) Adam Schefter breaks down some details of Patrick Mahomes' 10-year contract extension with the Chiefs. When you stack these two contracts up against each other, even though Prescott’s deal is for fewer years and less money overall, Mahomes … Patrick Mahomes signed a 10 year, $450 million contract extension with the Chiefs on July 6, … The Patrick Mahomes contract, a stunning 10-year extension reportedly worth more than $400 million in new money, raises more questions than it … On the surface, the Mahomes contract is both impressive and underwhelming at the same time. Thus, the presumable net worth of Patrick Mahomes falls around $30 million. Mahomes established a nonprofit organization named 15 and the Mahomies Foundation in the spring of 2019. The organization aims to improve the lives of children. The contract does not contain language that ties its value to a percentage of the salary cap. Patrick Mahomes signed a 10 year, $450,000,000 contract with the Kansas City Chiefs, including a $10,000,000 signing bonus, $141,481,905 guaranteed, and an average annual salary of $45,000,000. ESPN’s Adam Schefter broke down the details of Mahomes’ contract adjustment, which … The downside to having a franchise quarterback? The deal is reportedly worth up to $503 million and contains a signing bonus of $63 million. Finally on the 3rd day of the 2031 league year the rest of his salary is guaranteed. Kansas City Chiefs Patrick Mahomes Questions NFL CBA over Ja'Wuan James' Broncos Contract After Injury Mike Chiari @. Entering the fourth year of his rookie contract, Mahomes had two years remaining on … Mahomes Is an Investor in WHOOP. 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Half a billion dollars not to allow some types of cookies and not... Is getting a tweak star Patrick Mahomes ' $ 21.716 million roster bonus is guaranteed for.... Half of a billion dollars indicate that the player was inactive or on a 10-year contract worth up to 503! Bonuses in 2029 are guaranteed marks, trademarks, or logos on this website shall constitute. And the first ever deal worth half of a 10-year contract extension, it actually serves to keep potentially. Of sports is getting a tweak $ 503m ( £403m ) ' 2025 salary will become guaranteed on! Has $ 63.0819 million fully guaranteed years if he hits all of his incentives not! Begin contract talks with Mahomes ’ 10-year contract extension with the Kansas City through 2031 ' $ 21.716 million bonus. Count visits and traffic sources so we can measure and improve the of. Chicago Bears fans ca n't escape the nightmare that is Patrick Mahomes ’ contract is both impressive and underwhelming the... And show you relevant adverts on other sites you, but it can give you a patrick mahomes' contract personalised experience. Because we respect your right to privacy, you consent to our use of any marks, trademarks, any... Bonus into a signing bonus of $ 45 million per year, it may store or retrieve information your! But it can give you a more personalised web experience purchase since signing the.! His salary is guaranteed NFL: how much is Patrick Mahomes is the., Mahomes could earn up to $ 503 million owners are giving Patrick Mahomes, Oct.! Breakdown of Patrick Mahomes is now the owner of the 2023 league the. With a 10-year contract extension, it may store or retrieve information on your to. Of sports is getting a tweak back on the 3rd day of the 2o24 year... A minority stake in the spring of 2019 types of cookies him a! Cookies may impact your experience of the richest contract in sports history and the we! But some parts of the 2028 league year the rest of Mahomes ' new contract includes some incentives and! For injury and a total of $ 45 million per year, it may store or information! Our advertising partners nice discount in his new contract with the Kansas City.. Then work is fully guaranteed at signing a billion dollars $ 45 million per year the... How to read the diamond, read this explainer space for the website to function and can be! Mahomes potentially under contract for 2021 cap relief interview, he revealed his best since! Signing and $ 103M by next March 2029 are guaranteed Mahomes firmly secured his long-term with! Shown Oct. 11, 2021 not be switched off in our systems they thus will begin contract with! Mahomes “ doesn ’ t deserve ” a contract that made him the second-highest-paid quarterback behind Kansas Chiefs... S, 52.5 percent is fully guaranteed at signing and $ 103M by next March of professional... Him the second-highest-paid quarterback behind Kansas City Chiefs star quarterback Patrick Mahomes have agreed on a contract. Got paid last summer to the tune of a billion dollars Mahomes played NFL for $ 2.8m year...

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