If there’s any American Sportsman pushing boundaries when it comes to the best deals in compensation, Patrick Mahomes is it. If the 24-year olds career continues with the upward curve, it’s experiencing. Currently, the Super Bowl MVP might just surpass players such as LeBron James.
Mahomes has proved that he’s not only pushing boundaries on the field but off it as well. The streets are buzzing after the announcement on Mahomes $450m, a 10-year extension contract with the Kansa City Chiefs. The deal has surpassed other records in the history of the NFL but has surpassed previous records in the entire sports world.
Mahomes is set o earn a total of $503m in this deal getting up to $45m every year. This is one of the most unique contracts in American sports history, considering the length of the contract and Mahomes salary.
Matt Ryans’s 2018 contract with the Atlanta Falcons was previously the biggest. Compared to Mahomes, it was only worth $150m for five years. Russell Wilson, the Seattle Seahawks quarterback, signed a $140m four year extension last year. It was, at the time, the most significant salary per year in the history of the NFL.
Mahomes is set to be named the league MVP and is currently an NFL betting favorite. His contract makes the previous ones by Williams and Ryans look like child’s play. Let’s try to put Mahomes’ contract into perspective. After Michael Vick’s $130m deal with the Atlanta Falcons for a 10 year extension period, Mahomes is the only other to garner 10+ years.
Also, it’s the third contract in the entire history of the league to go over six years. The most exciting aspect of this contract is that Mahomes is not only colleagues in the NFL; his win spreads across other sports too. For example, he now out-earns baseball player Mike Trout, whose 2019 contract with the Los Angeles Angels is worth a possible $427m for 12 years. This means he earns averagely $35.5m every season.
However, it is right to say that Mahomes has earned the right to very cent in his enviable deal. In 2018, he led the league after 50 touchdowns resulting in his being named the league MVP.
In the previous season, Mahomes led Kansas City to win their first Super Bowl in 40 years. He was additionally at the top of NFL value rankings done by Spotrac, which evaluated his salary besides performance.
Despite an injury that led to him missing out on a chunk of the regular season, Mahomes was valued at no. 5, amongst other quarterbacks. The MVP is set to enjoy the view as the highest-paid sportsman ever in American sports history.
Mahomes’ contract will beat those of players such as Eli Manning, quarterback for New York Giants who made almost $252.3m over his 16year career, and LeBron James, L.A Lakers player, has made a hefty 306.9m in his 17-year career.
Mahomes may not get to the end of his deal or even make the money that comes with it. There’s only a guarantee of $141.5, and he might get released by the Chiefs after the season in 2024.
However, it is unthinkable that the Chiefs could let go of a player who has the potential to dominate the league all the way into his thirties.
Barring a catastrophic injury, however, it is almost inconceivable that Kansas City would cut a player who looks set to dominate the NFL deep into his 30s. as long as he’s the Chiefs Quarterback, Mahomes has the potential to earn himself bag loads of cash.