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Chiefs, Mahomes agree to 10-year, $503 million extension

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Copyright 2020 The Associated Press. All rights reserved.
Patrick Semansky/AP
FILE - In this Feb. 2, 2020, file photo, Kansas City Chiefs quarterback Patrick Mahomes (15) passes against the San Francisco 49ers during the first half of the NFL Super Bowl 54 football game in Miami Gardens, Fla. The Chiefs made sure they will have Super Bowl MVP Mahomes around as long as possible. Mahomes agreed to a 10-year extension worth $503 million, according to his agency, Steinberg Sports. The deal is worth $477 million in guarantee mechanisms and includes a no-trade clause and opt-out clauses if guarantee mechanisms are not met. It is the richest contract in professional sports history, surpassing Mike Trout’s $426.5 million deal with the Los Angeles Angels. (AP Photo/Patrick Semansky, File)
Chiefs, Mahomes agree to 10-year, $503 million extension
Posted at 8:34 AM, Jul 07, 2020
and last updated 2020-07-07 11:34:47-04

The Kansas City Chiefs made sure they'll have Super Bowl MVP Patrick Mahomes around as long as possible.

Mahomes agreed to a 10-year extension worth $503 million, according to his agency, Steinberg Sports.

The deal is worth $477 million in guarantee mechanisms and includes a no-trade clause and opt-out clauses if guarantee mechanisms aren't met.

It's the richest contract in professional sports history, surpassing Mike Trout's $426.5 million deal with the Los Angeles Angels.

Copyright 2020 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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