Super Bowl Champion, Super Bowl MVP and franchise QB will be tied to the Kansas City Chiefs through the 2031 NFL season. Patrick Mahomes and the Chiefs have agreed to a 10-year contract extension worth up to $503 million in total. The deal includes $477 million guaranteed over 12 seasons, with the ability to opt out if guaranteed money or deal are not exercised as well as a no-trade clause. Let’s break down the guaranteed money as this makes Patrick Mahomes the richest deal in sports history.

• 2020: $10.825 million.
• 2021: $22.8 million (base salary of $990,000, roster bonus of $21.7 million, and workout bonus of $100,000 in 2021)
• 2022: $29.45 million (base salary of $1.5 million, roster bonus of $27.4 million, and workout bonus of $550,000 in 2022)
• 2023: $40.45 million (base salary of $5.5 million, roster bonus of $34.4 million, and workout bonus of $550,000 in 2023)
• 2024: $37.95 million (base salary of $2.5 million, roster bonus of $34.9 million, and workout bonus of $550,000 in 2024)
• 2025: $41.95 million (base salary of $2.5 million, roster bonus of $38.9 million, and workout bonus of $550,000 in 2025)
• 2026: $41.95 million (base salary of $2.5 million, roster bonus of $38.9 million, and workout bonus of $550,000 in 2026)
• 2027: $59.95 million (base salary of $10 million, roster bonus of $49.4 million, and workout bonus of $550,000 in 2027)
• 2028: $44.45 million (base salary of $13 million, roster bonus of $30.9 million, and workout bonus of $550,000 in 2028)
• 2029: $44.95 million (base salary of $20.5 million, roster bonus of $23.9 million, and workout bonus of $550,000 in 2029)
• 2030: $50.45 million (base salary of $27 million, roster bonus of $22.9 million, and workout bonus of $550,000 in 2030)
• 2031: $52.45 million (base salary of $38 million, roster bonus of $13.9 million, and workout bonus of $550,000 in 2028)

It’s a twelve-year deal with a base value of $477.631 million. It averages to $39.8 million per year. Also, there is $2.5 million in unspecified incentives per year from 2022 through 2031. That is another $25 million that can be earned and gives the value of the twelve-year deal to $502.631 million. Wow, not too shabby for the 10th pick in the 2017 NFL draft. It’s like the game Monopoly, collect your signing bonus every year when you pass GO.

Mahomes has enough endorsement money and football money if he decides to retire early.