BREAKING: LeBron James is signing with the Philadelphia 76ers on a two-year, $8 million deal with a player option, Klutch Sports Group and Klutch CEO and Game Over show host Rich Paul tells ESPN.
Chiefs will open training camp in St. Joseph with their first practice open to fans on July 29. Camp concludes Aug. 20. A total of 19 practices will be open to fans. https://t.co/Fvhv8dZdHW
Record deal: The Chiefs are adding two years to Patrick Mahomes’ contract, tying him to Kansas City through the 2033 season at a value of $504.75 million, making it the first NFL deal valued at over a half-billion dollars, per @RapSheet and me.
Equity Sports CEO Chris Cabott, and Chiefs GM Brett Veach and his staff, put the finishing touches on the landmark agreement today.
The new money on Patrick Mahomes’ deal is worth $239.05 million, with the total value now at $504.75 million from 2026-33, with the first four years being guaranteed at signing. All $504.75 million becomes guaranteed through contract mechanisms.
Mahomes can earn up to $522.25 through incentives and escalators. Beginning in 2027, when the new money begins, the deal averages $64M per year, setting a new NFL record for average annual value.
Andy Reid says that Rashee Rice “knows the rehab he can do” while serving his jail time and has been in contact with the team’s VP of sports medicine and performance Rick Burkholder. Adds Rice also knows that he needs to avoid infection.