Patrick Mahomes, the Kansas City Chiefs Super Bowl MVP quarterback, signed a 10-year record breaking contract that could be worth up to $503 million dollars. This is the largest contract in the history of sports and means he will remain on the Kansas City football team through the year 2031. There is a $140 million dollar injury guarantee and a no-trade clause.
In a statement, Chairman of the Chiefs Clark Hunt said, “Since he joined the Chiefs just a few years ago, Patrick has developed into one of the most prolific athletes in all of sports.”
Mahomes led his team to its first championship in 50 years.
Hunt went on to say, “With his dynamic play and infectious personality, he is one of the most recognized and beloved figures to put on the Chiefs uniform. He’s an extraordinary leader and a credit to the Kansas City community, and I’m delighted that he will be a member of the Chiefs for many years to come.’’
In April, the Kansas City organization had picked up his 5th year option which would keep him under contract for the following two seasons with $27.6 million left on the former deal. This extension means he is under contract for the next 12 seasons.
Over the past two seasons Mahomes has led the league in TD passes, passing yards, and wins and was also the youngest QB to become a Super Bowl MVP. It’s no wonder his contract is fully guaranteed for the first three years and there are various incentives built into the contract.
His commitment to the city extends beyond the field as the 24-year-old recently became a partial owner of the Kansas City Royals, the city’s baseball team.
In a statement released by the Chiefs Mahomes said, “I’m honored to become a part owner of the Kansas City Royals. I love this city and the people of this great town. This opportunity allows me to deepen my roots in this community, which is something I’m excited to do.”