Contract Notes Patrick Mahomes signed a 10 year, $450 million contract extension with the Chiefs on July 6, 2020. Of the entire deal, Mahomes received just a $10 million signing bonus. Patrick Mahomes was one of the most searched names Monday on Google. Therefore, across the life of the deal, it is a 12-year contract worth $39.8 million per year. Patrick Mahomes has a way to make the contract extension worth more than $500 million. Kansas City Chiefs QB Patrick Mahomes is reported to be making baseball money on his new contract extension, totaling $503 million dollars over 10 years.. That’s a lot of money that Mahomes could spend on ketchup, but it’ll come with plenty of salt packets for Pat Mahomes Sr., who formerly played baseball professionally. Quarterback Patrick Mahomes, one of the N.F.L.’s biggest stars, has signed a 10-year contract extension with the Kansas City Chiefs, according to a … ESPN’s social media team did the math, and determined that Mahomes will make $1.60 per second, $96 per minute, $5,472 per hour and $137,808 per day from now until the end of his contract.ADVERTISING Analysts Break Down Patrick Mahomes' 10-Year, $503 Million Contract NFL analysts broke down Patrick Mahomes' record-setting contract after the 10-year, $503 million deal was announced Monday. It averages, at … For now, here’s the breakdown of the Patrick Mahomes contract that is making the rounds. Mahomes got a 10-year, $450 million extension that puts him on a path to earn at least $477 million, and potentially over a … It’s a twelve-year deal with a base value of $477.631 million. Mahomes was previously under contract through the 2020 season with a fifth-year option available in 2021. An additional pair of clauses in Mahomes’ contract makes it possible for him to earn another $25 million. The contract has $63.0819 million fully guaranteed at signing including a $10 million signing bonus. There’s little wonder after Mahomes signed a 10-year contract extension worth up to $503 million with the Chiefs. An interesting aspect of Mahomes’ new contract is its overall structure and cash flow schedule. $141 million is guaranteed for injury and a total of $477.631 million can become guaranteed based on roster status. The raw numbers, you know. Author: $250,000 per Pro Bowl birth (earned in 2020) $500,000 per Super Bowl MVP $500,000 for Offensive Player of the Year $250,000 for 66% Completion Rate (earned) $250,000 for 4,000 Passing Yards (earned) $250,000 for 36 TD Passes (earned) Starting in 2022, and for 10 years running, Patrick Mahomes has a $1.25 million incentive for winning AFC Championship game and a $1.25 million incentive for winning NFL MVP, per source.
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