Patrick Mahomes QB, Kansas City Chiefs
Chiefs signed Patrick Mahomes to a 10-year, $450 million contract extension.
It's the largest contract in American sports history, although Mike Trout's 12-year, $426.5 million contract had far more guaranteed -- Mahomes' injury guarantee is "only" $140 million. Mahomes' $45 million annual contract value is $10 million more than Russell Wilson's. All things considered, this still is a pretty good deal for the Chiefs. They get a decade's worth of team control over the best player in the NFL, and the end of Mahomes' contract could be a great value because it is not tied to the salary cap as was first reported. With that said, it's likely that Mahomes renegotiates this contract after the guarantees run out. Only 24 years old, Mahomes already has a Super Bowl and regular-season MVP under his belt. The Chiefs could be the NFL's next dynasty if GM Brett Veach can find values with a chunk of his cap tied to Mahomes.
Source: Adam Schefter on Twitter
Jul 6, 2020, 5:02 PM ET