Patrick Mahomes Signs World Record Breaking $503 Million Deal, The Highest In Sports History
Patrick Mahomes has signed the largest contract in sporting history after agreeing to a 10-year extension with NFL side Kansas City Chiefs worth $503 million.
The quarterback made history earlier this year by leading the Chiefs to its first Super Bowl title in 50 years, while also being named Most Valuable Player.
He's been rewarded for his efforts with a mammoth contract that will keep him tied to the Arrowhead Stadium until 2031.
Mahomes' agency Steinberg Sports has claimed the extension will be worth $477 million in guarantees and also includes a no-trade clause.
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
The Texas Tech alumni will receive $83 million-plus in signing bonuses from 2021 to 2023, with the amount paid rising every year
Mahomes took to Twitter and addressed the news with the message of: "Here to stay...!"
The 24-year-old joined the roster in 2017 after being drafted at number 10 and impressed immediately, picking up the league's MVP award in 2018.
Patrick Mahomes signed a 10-year, $450 million extension that could be worth up to $503 million, per sources. The extension includes a $141.48 million injury guarantee, as well as a no-trade clause. It marks the first time an NFL player has had sports' most lucrative deal. pic.twitter.com/kohX8rFSFN- Adam Schefter (@AdamSchefter) July 7, 2020
"Since he joined the Chiefs just a few years ago, Patrick has developed into one of the most prolific athletes in all of sports," Chiefs chairman Clark Hunt said in a statement per ESPN.
"With his dynamic play and infectious personality, he is one of the most recognized and beloved figures to put on the Chiefs uniform.
"He's an extraordinary leader and a credit to the Kansas City community, and I'm delighted that he will be a member of the Chiefs for many years to come.''
'Showtime' has smashed the last holder of sports' largest contract by over $70 million.
Major League Baseball's Mike Trout signed a 12-year deal with LA Angels in 2019 in a deal worth around $430 million.
Trout is an eight-time MLB All-Star and will earn a ridiculous $650,000-a-week over the next decade.
The 'Millville Meteor' has some of the best stats in the sport especially for his age, and is considered a once in a generation talent.
Featured Image Credit: PA Images