Mahomes agrees on historic 10-year $503 million deal

Sports

FILE – In this Feb. 2, 2020, file photo, Kansas City Chiefs’ Patrick Mahomes, left, and Tyrann Mathieu celebrate after defeating the San Francisco 49ers in the NFL Super Bowl 54 football game in Miami Gardens, Fla. The Kansas City Chiefs began talking about a repeat before they had even left the stadium following their Super Bowl triumph. (AP Photo/David J. Phillip, File)

(WKRN) – Anyone with eyeballs knew a blockbuster deal was headed in the direction of Super Bowl MVP Patrick Mahomes, but reports indicate it is even bigger than anticipated.

UPDATE: Patrick Mahomes and the Chiefs have agreed on a 10-year deal worth $503 million that will keep him in Kansas City through 2031.

It is the first half a billion dollar deal in sports history and the richest deal in NFL history. NFL Network’s Tom Pelissero breaks down what the year-by-year numbers are, and what the guarantee mechanisms look like.

Although his signing bonus is “just” $10 million, he will have made $106 million fully guaranteed by March.

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