September 21st 2023.
Patrick Mahomes is cashing in on his skills and making history. The Kansas City Chiefs quarterback has restructured his 10-year contract, worth $450 million. This new agreement has allowed the 28-year-old Super Bowl champ to get paid $210.6 million between this season and 2026.
By adding Mahomes to the list of highest-paid players in the NFL, he has joined other Black quarterbacks such as Philadelphia Eagles’ Jalen Hurts, Baltimore Ravens’ Lamar Jackson, Arizona Cardinals’ Kyler Murray, and Cleveland Browns’ Deshaun Watson. It is clear that Mahomes’ talent is worth more than money, according to Chief’s chairman and CEO, Clark Hunt. “I don’t know that there’s really a way to quantify it financially,” Hunt said in April 2023. “And no matter what he makes over his career, I’m sure one way or another, he’ll be underpaid.”
The deal Mahomes struck with the Chiefs is worth $52.65 million per season, ranking him eighth on the list of highest-paid players in the NFL. The contracts of other Black quarterbacks have been lucrative as well. For example, Lamar Jackson agreed to a five-year extension worth $260 million, guaranteeing $185 million with the Ravens in late April.
The contract also contains escalator clauses that may increase Mahomes’s payout to $218.1 million over the next four years. Mahomes and the Chiefs will revisit contract terms in 2026, but for now, he is scheduled to stay with the team through the 2031 season. This deal was negotiated shortly after the Chiefs reached a one-year deal with defensive tackle Chris Jones after a year-long holdout.
As Mahomes continues to make history, his talent is worth more than money, and the Chiefs are showing him the money!
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