Reportedly, the 10-year extension is worth $ 450 million. ESPN was the first to report on contract terms, followed by the NFL Network. The expansion brings the total potential value of Mahomes ’current contract to as much as $ 503 million between the 2020 and 2031 NFL seasons, according to ESPN and the NFL Network.

“This is a significant moment for our franchise and for the Kingdom Chiefs,” said President and CEO Clark Hunt in Statement. “Since joining the Chiefs just a few years ago, Patrick has developed into one of the most prolific athletes in all sports.”

“He is an outstanding leader and is credited with the city of Kansas City. I am glad he will be a member of the mayor for many more years,” Hunt added.

General Staff head coach Andy Reid expressed his excitement about the appearance of coach Mahomes in the foreseeable future, saying in a statement: “I have had the privilege of coaching a lot of amazing athletes and special people in my career, and Patrick has no questions on that roster. is still early in his career. “

Mahomes has been with the Chiefs since 2017 when the team selected him as the tenth overall score in the first round of the draft. The Texas home player played for Texas Tech before he was selected.

CNN contacted Mahomes’ agent for more details on the blockbuster.

Explanation: This story has been updated to reflect that Mahomes was the tenth overall pick in the first round of the draft.