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Even amid salary-cap uncertainty throughout the NFL, Patrick Mahomes reached his massive payday.
The Kansas City Chiefs quarterback agreed to a 10-year contract extension on Monday, ESPN’s Adam Schefter reported. The agreement is expected to be worth more than $400 million, per Schefter, which would make Mahomes the highest-paid player in NFL history.
Mahomes had two years remaining on his contract after the Chiefs exercised his fifth-year option. The extension ties him to the organization through the 2031 season.
At 24, Mahomes has already established himself in the NFL’s elite tier of passers. In his first year as a starter in 2018, he threw for 50 touchdowns and earned NFL MVP honors. Last season, he led the Chiefs to their first title in 50 years and was named Super Bowl LIV MVP.
He is the youngest player in league history to win a Super Bowl and league MVP. Former Dallas Cowboys running back Emmitt Smith is the only other player to notch both achievements before turning 25.
Mahomes is one of the few veterans to agree to a contract extension this offseason amid the possibility of a reduced salary cap next year should the coronavirus pandemic force the NFL to either cancel games or bar fans from attending contests.
Follow Michael Middlehurst-Schwartz on Twitter @MikeMSchwartz.