Patrick Mahomes Signs 10-Year, $503 Million Extension, The Richest in North American Sports History

Here to stay. . .! ⏰⏰ pic.twitter.com/mfwMga3Kl0

— Patrick Mahomes II (@PatrickMahomes) July 6, 2020

We have signed QB Patrick Mahomes to a 10 year extension. Mahomes secured with Chiefs for the next 12 seasons. pic.twitter.com/ZsADdVkvxZ

— Kansas City Chiefs (@Chiefs) July 6, 2020

Compensation update: Patrick Mahomes’ 10-year extension is worth $450 million, sources tell ESPN.

The injury guarantee is $140 million, per source.

The contract does not contain language that ties its value to a percentage of the salary cap.

Richest deal in sports’ history.

— Adam Schefter (@AdamSchefter) July 6, 2020