Patrick Mahomes #15 of the Kansas Metropolis Chiefs holds up the Lamar Hunt trophy after defeating the Tennessee Titans within the AFC Championship
Patrick Mahomes #15 of the Kansas Metropolis Chiefs holds up the Lamar Hunt trophy after defeating the Tennessee Titans within the AFC Championship Recreation at Arrowhead Stadium on January 19, 2020 in Kansas Metropolis, Missouri.
Tom Pennington
The Kansas Metropolis Chiefs and Tremendous Bowl successful quarterback Patrick Mahomes have agreed to a 10-year extension price greater than $400 million, based on experiences.
Mahomes, who led the Chiefs to their first Tremendous Bowl victory in 50 years, is now in place to develop into amongst the highest-paid gamers within the Nationwide Soccer League along with his new contract, which is price a complete of $450 million, however might attain $503 million based on ESPN and NFL.com. The Texas native was projected to earn roughly $2.7 million this 12 months, heading into the fourth of the five-year rookie deal he signed with the Chiefs in 2017.
Steinberg Sports activities & Leisure, who represents Mahomes, didn’t instantly reply to a request for remark.
If Mahomes eclipses $500 million, it might be the be largest contract in sports activities. Boxer Floyd Mayweather beforehand agreed to his personal projected $450 battle cope with Showtime, based on Forbes. Final March, Los Angeles Angels outfielder Mike Trout additionally agreed to a contract price extra than $400 million.
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In February, Mahomes turned the youngest quarterback to win Tremendous Bowl MVP honors after main the Chiefs to fourth quarter rally to beat the San Francisco 49ers, 31-20 in Tremendous Bowl LIV. Mahomes additionally unseat Tom Brady, previously of the New England Patriots and now with the Tampa Bay Buccaneers, because the NFL merchandise king.
“I wish to have a legacy,” Mahomes advised CNBC in an interview after his Tremendous Bowl win. “However I perceive how a lot onerous work it is going to take.”
Steve Scebelo, interim president of NFL Gamers, the licensing and advertising arm of the Nationwide Soccer League Gamers Affiliation, stated Mahomes’ assist exterior the Kansas Metropolis market helped contributed to a rise in gross sales for merchandise that includes the previous Texas Tech College standout.
“The success off the sphere and the management,” Scebelo stated. “He comes throughout as any individual followers can root for. Starring within the State Farm adverts, you may see a number of the persona come via, and he is simply somebody followers really feel they’ll join with they usually wish to root for.”
Along with offers with Oakley, State Farm, Adidas, and Procter and Gamble, Mahomes additionally has native endorsements with Kansas Metropolis companies corresponding to CommunityAmerica Credit score Union and the non-public jet firm Airshare, a deal Mahomes secured in 2018.
“His worth as an endorser has gone up considerably within the final two years,” stated Scott Rosner, the educational director of the sports activities administration program at Columbia College. “Not solely has his worth gone up, however he has the flexibility to place himself in various alternative ways from a branding perspective.”
WATCH: Patrick Mahomes’ agent on the making of a family title.
An earlier model of this story didn’t embody Patrick Mahomes up to date contract figures.