Patrick Mahomes Blockbuster Deal Even Bigger than We Thought

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Patrick Mahomes agreed to a 10-year extension with the Chiefs today. Early reports indicated it was over $400 million, then in the neighborhood of $450 million. Now we are learning that the deal could be worth north of HALF A BILLION dollars:




In the coming days we will better see the structure of this deal and have better tools with which to evaluate it. I'm interested in learning what a "guarantee mechanism" is -- whatever it is, it seems antithetical to the meaning of the word "guarantee" but that's the way the weird language of NFL contracts has been moving for quite some time.

Mahomes, by the way, earned this contract. The NFL salary cap is almost certainly going up when new TV deals kick in, so these numbers aren't going to look as out of whack by the middle of the deal if he maintains anywhere near his level of play. It could even look like a bargain for Kansas City by that time.

Update: All Mahomes has to do to earn the full half billion dollars is win the MVP and get to the Super Bowl every year:










And here's what guarantee mechanism means:






 

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Ryan Glasspiegel grew up in Connecticut, graduated from University of Wisconsin-Madison, and lives in Chicago. Before OutKick, he wrote for Sports Illustrated and The Big Lead. He enjoys expensive bourbon and cheap beer.