The Kansas City Chiefs made watershed sports history on Monday, when they officially announced the much anticipated contract extension for their young star quarterback, Patrick Mahomes.
While the gaudy numbers of $503 million over 12 years surely turned plenty of heads, the true nitty gritty of the deal indicates it’s actually more of a 5-year extension with the guaranteed language in it suggesting an amount of around $141 million due in guarantees over that time period, avergaing out at about $28.3 million per year. While it’s certainly possible that Mahomes plays out the duration of the deal, it’s much more likely that he’ll seek some sort of restructure around 2025 when his guarantees begin to run out, and when other quarterbacks in his age group begin to negotiate their third deal.