(More on those guarantees below. After Smith, 14 active NFL players are on six-year contracts. To learn more or opt-out, read our While full contract details are yet to be reported and will naturally dictate how the deal actually impacts the Chiefs’ salary cap in the coming years, some basic information is already known at least partially:The full details of the deal will certainly be interesting to see, because they could ring in a new era of NFL contracts and how they are negotiated. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Even though the Chiefs have Mahomes locked in for the next 12 seasons, the extension is for 10 years and is not unprecedented.PFT cited Donovan McNabb's 12-year deal with the Eagles in 2002 as Of course, none of those deals can even sniff the amount of money in Mahomes' contract with the Chiefs.In 2001 I gave Brett Favre a 10-year deal averaging $11.25M when Cap was $60M (18.75% of Cap). Patrick Mahomes will be a Kansas City Chief through February 2032.

Kansas City also agreed to off-season pacts with Pro Bowl tight end Travis Kelce and defensive tackle Chris Jones .

Chiefs quarterback Patrick Mahomes signs record-breaking 10-year, $450 million contract extensionBill Belichick’s Subway commercial is out. Bears edge-rusher Khalil Mack was next with his six-year, $141 million extension signed on September 1, 2018.

Today Pat Mahomes gets 12-year deal averaging $37.5M (450/12) when Cap is $200M (18.75% of Cap).The Chiefs did not need to complete this extension when Mahomes had two seasons left on his rookie contract, but their doing so in 2020 maximizes the amount of years they can tie themselves to a quarterback who needed just a few seasons to take over the league.Barring something unforeseen, Kansas City is now set at the game's most important position for more than a decade at a reasonable price.Virus updates: Fauci begs for safety over Labor DayWalmart has the 'secret sauce' for a profitable online business, former CEO says Kansas City Chiefs quarterback Patrick Mahomes signed a 10-year contract extension, that along with contract incentives is worth a total of $503 million dollars. Mahomes will count for only $5.347 million against Kansas City's salary cap in 2020 as the team attempts to repeat as champions, and the contract is back-loaded in a way that accounts for what's expected to be a rising salary cap over the next decade.So, in short, the Chiefs will never be overpaying for Mahomes as long as he continues to be the kind of player he has been since he was selected with the 10th overall pick in the 2017 NFL Draft. Chiefs quarterback Patrick Mahomes signs record-breaking 10-year, $450 million contract extension Related: Details released on Cam Newton’s contract with the Patriots )As for Mahomes' cap hits over the next 12 years, the amount will peak in 2027, when the QB is scheduled to count for $59.95 million against the Chiefs' salary cap.Below is the breakdown of Mahomes' cap hit in each year of the contract. In total, Mahomes could earn up to $502.631 million over the next 12 years if he hits all of his incentives.

Even though the Chiefs have Mahomes locked in for the next 12 seasons, the extension is for 10 years and is not unprecedented.PFT cited Donovan McNabb's 12-year deal with the Eagles in 2002 as Of course, none of those deals can even sniff the amount of money in Mahomes' contract with the Chiefs.In 2001 I gave Brett Favre a 10-year deal averaging $11.25M when Cap was $60M (18.75% of Cap). The figures include Mahomes' $10 million signing bonus spread over the next five seasons.Mahomes' incentives are simple.




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