KANSAS CITY, Mo. (AP) — Patrick Mahomes is set to be the quarterback of the Kansas City Chiefs well into the next decade.The Chiefs and the two-time MVP agreed to a restructured contract Wednesday that adds two years to his deal and pushes the total compensation past a half-billion dollars, a person familiar with the terms told The Associated Press. The person spoke on condition of anonymity because the Chiefs do not disclose financial terms of their contracts.The Chiefs later posted a photo of Mahomes signing his extension on social media.Mahomes signed a 10-year, $450 million contract in 2020 that set a benchmark not only for the quarterback position but for any football player. The latest extension ties the two-time MVP to the Chiefs through the 2033 season, when Mahomes will be 38, and it comes in at $504.75 million, with incentives and escalators that could push the value $522.25 million.
“Over the last decade, Patrick has become one of the most iconic, beloved sports figures of all time,” Chiefs chairman Clark Hunt said. “He has helped lead our franchise to five Super Bowl appearances and three championships, he has been instrumental in shaping the Chiefs brand and putting Kansas City on the world stage, and on top of it all he has been an outstanding role model.
