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

The Kansas City Chiefs made sure they'll have Super Bowl MVP Patrick Mahomes around as long as possible.
 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. After leading the Chiefs to their first Super Bowl championship in five decades, Mahomes is finally eligible to sign a contract extension this off-season. Both sides are eager to come to terms on what could be a record-setting deal. (AP Photo/David J. Phillip, File)
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. After leading the Chiefs to their first Super Bowl championship in five decades, Mahomes is finally eligible to sign a contract extension this off-season. Both sides are eager to come to terms on what could be a record-setting deal. (AP Photo/David J. Phillip, File) (KY3)
Published: Jul. 6, 2020 at 7:11 PM CDT
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AP Pro Football Writer= 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.

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