Patrick Mahomes' latest deal with Kansas City is rated as the biggest in history.

According to a report on July 6, it was revealed that Patrick Mahomes, the Kansas City Chief and Super Bowl-winning quarterback has agreed to a 10-year extension deal which is estimated to be worth more than $400 million. Should the deal eclipse $500M, it would be the biggest deal in sports history.

ESPN and NFL revealed that Mahomes led the Chiefs to their first super victory in 50 years. With this new deal, there is no doubt that he would join the league of highest-paid players in the National Football League. According to the NFL, the estimated worth of the deal is $450 million, but this could increase to $503 million. 

Patrick Mahomes hails from Texas. Before the deal, he was projected to earn an estimated value of $2.7 million this year, heading into the fourth of the five-year rookie deal he signed with the Chiefs in 2017. 

The news on the latest deal has triggered a lot of comments and questions. However, Steinberg Sports & Entertainment representing Mahomes is yet to give any response to this.

The truth remains that if Mahomes' payment should be more than $500 million, it would be the highest contract in the history of sports. Forbes revealed that the deal would eclipse Boxer Floyd Mayweather who also recently agreed to a fight deal with Showtime estimated at $450 million. The deal might also eclipse Los Angeles Angels outfielder Mike Trout's last year deal worth more than $400 million.

About Patrick Mahomes

In February, after leading the Chiefs to a fourth-quarter rally to beat the San Francisco 49ers,31 – 20 in Super Bowl LIV. Mahomes became the youngest quarterback to win Super Bowl MVP honors.  He also unseats Tom Brady, who was formerly of the New England Patriots but now with Tampa Bay Buccaneers, as the NFL merchandise king.

“I want to have a legacy,” Mahomes told CNBC in an interview after his Super Bowl win. “But I understand how much hard work it’s going to take.”

Steve Scebelo, the interim president of NFL Players, the licensing and marketing arm of the National Football League Players Association, said Mahomes’ support outside the  Kansas City market contributed immensely to an increase in the sales of products featuring him. 

“The success off the field and the leadership,” Scebelo said. “He comes across as somebody fans can root for. Starring in the State Farm ads, you can see some of the personality come through, and he’s just someone fans feel they can connect with and they want to root for.”

Mahomes also has endorsements and deals with different organizations including Oakley, Adidas, State Farm, Gamble, and Procter. He also has a deal with some Kansas local businesses like private jet company Airshare which he secured in 2018, and the Community America Credit Union. 

“His value as an endorser has gone up significantly in the last two years,” said Scott Rosner, the academic director of the sports management program at Columbia University. “Not only has his value gone up, but he has the ability to position himself in a number of different ways from a branding perspective.”

Patrick Mahomes' net worth

The Kansas City Chiefs quarterback is worth about $400 million following his record-breaking deal. He will make

Patrick Mahomes contract breakdown

$503M in 10 years

$50.3M per year

$5,742 per hour

$96 per minute

$1.06 per seconds

Mahomes is now the highest-paid American football player.