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Patrick Mahomes secured the Bag!

Patrick Lavon Mahomes II just landed the largest contract in the history of sports! Coming right out of the holiday weekend, news broke that the Kansas City Chiefs and their Super Bowl, MVP quarterback came to terms on a new deal. We all new a contract would be coming Patrick Mahomes way at some point, but I doubt anyone could have imagined this. The Chiefs expressed their love for #15, by offering him a 10-year extension on his contract, that will keep him in Kansas City through the 2031 season. Now lets talk about the money. Patrick Mahomes new contract has the potential to be worth 503 million dollars! Did I mention he’s only 24 years old?

MIAMI, FLORIDA – FEBRUARY 02: Frank Clark #55 of the Kansas City Chiefs and Patrick Mahomes #15 of the Kansas City Chiefs celebrate after defeating San Francisco 49ers by 31 – 20in Super Bowl LIV at Hard Rock Stadium on February 02, 2020 in Miami, Florida. (Photo by Kevin C. Cox/Getty Images)

Around 3 pm PT, Ian Rapoport tweeted “The #Chiefs and QB Patrick Mahomes have agreed to terms on a 10-year extension worth $503 million, sources tell me and @TomPelissero. He gets $477M in guarantee mechanisms and gives the ability for Mahomes to have outs if the guarantee mechanisms aren’t exercised. No trade clause. -@RapSheet, Shortly after this tweet, more details surfaced about Patrick’s amazing contract. Adam Schefter tweeted minutes before 4 pm, “Starting in 2022, and for 10 years running, Patrick Mahomes has a $1.25 million incentive for winning AFC Championship game and 1.25 million incentive for winning NFL MVP per source. That’s $25M of incentives over 10 years, taking value of his deal from $477M to $503M. -@AdamSchefter

Kansas City Chiefs quarterback Patrick Mahomes holds the Lamar Hunt Trophy as he celebrates winning a NFL, AFC Championship football game against the Tennessee Titans, Sunday, Jan. 19, 2020, in Kansas City, MO. The Chiefs won 35-24 to advance to Super Bowl 54. (AP Photo/Colin E. Braley)

BOOM!!! Patrick is now paid. The best quarterback in a 3 year span, got paid like he is the greatest of all time. And I completely understand why. In his first year as the starting QB of the Kansas City Chiefs, Patrick Mahomes led the league in touchdown passes (50). It was one of the most exciting years from a quarterback in NFL history. He was named the NFL’s Most Valuable Player. Last year, Mahomes and the Kansas City Chiefs made it all the way to the Super Bowl in Miami. Despite being down in every playoff game last year, Mahomes willed his team to victory. Even in the Super Bowl. Patrick Mahomes became an MVP, a Super Bowl MVP, and an NFL Champion in only 2 years.

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So what does this mean for the rest of the league? Specifically for the other quarterbacks. Lamar Jackson, Deshaun Watson, and Dak Prescott all played under their rookie deals last season. All 3 quarterbacks have made a name for themselves in the past few season, and are looking to get paid also. But do they deserve Patrick Mahomes money? Check out the upcoming #HELLAFLAGRANT Podcast to see what we think about “Big Money Mahomes”, and the other quarterbacks trying to get paid as well. 

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