3:18 PM PT -- Mahomes' agent, Leigh Steinberg, says the deal is even BIGGER than $450 million ... coming in at a staggering HALF A BILLION DOLLARS!!!!
The QB will make $503 MILLION if he sees it to the end, according to Steinberg ... making the contract the largest in sports history.
Congrats to @PatrickMahomes on agreeing to terms on a 10-year extension worth $503 Million. He gets $477M in guarantee mechanisms and ability to have outs if guarantee mechanisms aren’t exercised. No trade clause. First half billion dollar player in sports history. History made. pic.twitter.com/beSGN4jyej
1:03 PM PT -- The numbers are in ... and Mahomes is slated to make $450 MILLION on the extension, according to Schefter.
The ESPN reporter says $140 million of it is guaranteed in the case of injury ... but there are NO ties on the deal to salary cap percentage, as was initially believed.
Chiefs fans, rejoice ... Patrick Mahomes ain't going anywhere for a LOONG time -- the superstar QB reportedly just agreed to a historic 10-year contract extension with K.C.!!!
ESPN's Adam Schefter reports the 24-year-old and the team reached a deal Monday ... although dollar figures have yet to be discussed.
But, the big question ... will this be the NFL's first $400 MILLION DEAL?!?!?!
The proposed contract would lock him into K.C. through the 2031 NFL season.
This is obviously a big deal ... the extension could be one of the most eye-popping in sports history -- with many believing Mahomes could command right around $40 MILLION per year on the deal.
Of course, Pat's deserving of every penny ... the dude has already established himself as one of the NFL's all-time greats, already winning an MVP award and a Super Bowl in just 2 seasons as a starter.
Mahomes' numbers in those years are insane ... in just 30 starts since taking over the QB reigns from Alex Smith, he's logged over 9,000 passing yards and 76 TDs to just 17 interceptions.