Patrick Mahomes, Chiefs reportedly agree to deal worth up to $503 million

Jul 6, 2020, 1:07 PM | Updated: 3:34 pm
FILE - In this Feb. 2, 2020, file photo, Kansas City Chiefs' Patrick Mahomes, left, and Tyrann Math...

FILE - In this Feb. 2, 2020, file photo, Kansas City Chiefs' Patrick Mahomes, left, and Tyrann Mathieu celebrate after defeating the San Francisco 49ers in the NFL Super Bowl 54 football game in Miami Gardens, Fla. The Kansas City Chiefs began talking about a repeat before they had even left the stadium following their Super Bowl triumph. (AP Photo/David J. Phillip, File)

(AP Photo/David J. Phillip, File)

Quarterback Patrick Mahomes and the Kansas City Chiefs agreed to a new contract that takes his deal through the 2031 season, the team announced Monday.

The deal rewrites his current contract for the next two seasons and extends it 10 more years. ESPN’s Adam Schefter added that the contract’s value will be worth up to $503 million, a record for professional sports and surpassing that of Los Angeles Angels slugger Mike Trout, who earned a 12-year deal close to $427 million that started in 2019.

Mahomes has been a Pro Bowler in two of his three NFL seasons and last year won the Super Bowl MVP honor. He threw for 4,031 yards with 26 touchdowns to five interceptions during the 2019 regular season.

His breakout year of 2018, however, put him firmly in the picture as an NFL rising star. Mahomes, who won the MVP award, threw 50 touchdowns with 12 interceptions while completing 66% of his passes during his first full year as an NFL starter.

He set a record for most touchdown passes thrown through his first eight career games (22) and is the only NFL player to throw for more than 3,000 yards in his first 10 outings.

The 2017 NFL Draft’s 10th overall pick only appeared in one game as a rookie.

In college, Mahomes played three years at Texas Tech for head coach Kliff Kingsbury, the current Arizona Cardinals head coach.

He tied the NCAA record for most passing yards in a single game (734 vs. Oklahoma in 2016) and in that same outing set a record for the most total yards in a game (819).

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Patrick Mahomes, Chiefs reportedly agree to deal worth up to $503 million