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.
Beginning in 2027, when the new money begins, the deal averages $64 million per year, setting a new NFL record for average annual value. (via @adamschefter, @RapSheet)
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.
First-round pick Peter Woods and the Chiefs reached agreement today on a 4-year, $18 million fully guaranteed deal, per Adie von Gontard and Ray Haija of @ymapaasports. Woods is said to have received the highest upfront percentage of his signing bonus in Chiefs’ 1st-round history.