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Patrick Mahomes
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Patrick Mahomes
Kansas City Chiefs
Active BYE Week: 10 QB
Kansas City Chiefs

NFL Network's Ian Rapoport reports Patrick Mahomes' 10-year contract is worth $503 million and includes $477 million in "guaranteed mechanisms."

It's still a 10-year extension, but the new numbers are far better for Mahomes than initially reported. It makes him the first American athlete to sign a contract worth a half billion dollars, and the reported "guarantees" went from $140 million to $477 million. The fine details of this will be confusing, likely containing options, rolling guarantees, and other fancy agent lingo. The bottom line is the quarterback market is finally catching up to a quarterback's true on-field worth. Mahomes will be making $50 million annually for the next decade plus, a cool $15 million more than Russell Wilson. It's certainly a gamble worth taking for the Chiefs, as Mahomes is on an unprecedented early-career trajectory. Jul 06 6:27 pm (EST)

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