Chiefs Star Quarterback Patrick Mahomes’ 10-Year Extension Is Valued Close to Cristiano’s Net Worth

NFL star Patrick Mahomes backed the largest contract in sport’s history. In 2020, the Kansas City Chiefs signed quarterback Patty Mahomes to a 10-year extension worth up to $503 million. In value, Patty’s 10-year contract is valued the same as Manchester United’s superstar Cristiano Ronaldo’s net worth.

Check out this video shared by Mahomes after closing the deal!

Mahomes signed a record-breaking, insane contract with the Chiefs in July 2020. The Super Bowl champion and the MVP will remain with the Kansas City Chiefs until 2031. As a matter of fact, the 10-year contract is an extension to his ongoing agreement and will commence with the season of 2022.

The most lucrative contract in the history of sports is therefore split over 12 years and totals $503 million. Patty has equaled Cristiano Ronaldo’s net worth after signing the 10-year contract.

Read More: BREAKING: New York Giants Sign Brian Daboll As New Head Coach for 2022 Season

According to Mirror.co.uk, the Soccer superstar Cristiano Ronaldo has a net worth of $500 million. He surpassed career earnings of $1 billion in 2021 while playing for Juventus. In August 2021, he signed a contract with Manchester United accumulating $18 million, plus $8 million in add-ons over a two-year period.

Patrick Mahomes Contract: Breakdown and Incentives

The Kansas City Chiefs’ quarterback enjoyed an MVP year in 2019 while leading the team to the Super Bowl Championship. In return, the Chiefs rewarded Patty with a 10-year extension. There is a $503 million cost spread over 12 years for the 10-year extension. The deal is actually a $450 million contract, a $10 million signing bonus, $141,481,905 guaranteed, and an average annual salary of $45 million.

The incentives in the NFL are not guaranteed and are dependent on the players and teams. Furthermore, the base contract is also not guaranteed due to injury clauses. The good news is that Mahomes’ $140 million contract is guaranteed, and no injury clause.

The Mahomes deal is also interesting because it contains some incentives. From the 2022 season on, Mahomes will earn $1.25 million if the Chiefs win the AFC Championship. Additionally, Mahomes will earn another $1.25 million if he wins the MVP award.

In terms of annual salary and dollars attached to the contract, Mahomes will be the highest-paid player in the NFL. Furthermore, his contract is the largest in North American sports history. Moreover, Mahomes also surpasses baseball player Mike Trout who signed a 12-year, $426.5 million contract with Los Angeles Angels.

Also Read: REPORTS: New Name for Washington Football Team Leaked a Week Before Official Unveiling