The Chiefs and the quarterback reached an agreement on a 10-year contract extension that will keep the Super Bowl Most Valuable Player in K.C. through the 2031 season, NFL Network's Michael Silver reported, per a source informed of the deal. It is worth a colossal $503 million with $477 million
in guarantee mechanisms which gives Mahomes the ability to have outs if the mechanisms are not exercised, NFL Network Insider Ian Rapoport and NFL Network's Tom Pelissero reported.