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

Chiefs, Mahomes agree to 10-year, $503 million extension
Posted at 8:34 AM, Jul 07, 2020

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.