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Chiefs' Patrick Mahomes signs 10-year contract extension worth up to $503 million

The Kansas City Chiefs and quarterback Patrick Mahomes have agreed to a 10-year contract extension, keeping Mahomes in Kansas City through the 2031 NFL season. Indications are that the contract is worth up to $503 million, with $477 million in total guarantees. Starting in 2022, Mahomes can earn $1.25 million for every time he makes the Super Bowl and another $1.25 million for every MVP award, per ESPN's Adam Schefter.

Aside from maybe Dan Marino, no player in the history of the league has lit the NFL on fire as early and as much as Mahomes.