Patrick Mahomes #15 of the Kansas Metropolis Chiefs holds up the Lamar Hunt trophy after defeating the Tennessee Titans within the AFC Championship Sport at Arrowhead Stadium on January 19, 2020 in Kansas Metropolis, Missouri.
The Kansas Metropolis Chiefs and Tremendous Bowl successful quarterback Patrick Mahomes have agreed to a 10-year extension value greater than $400 million, in line with studies.
Mahomes, who led the Chiefs to their first Tremendous Bowl victory in 50 years, is now in place to turn into amongst the highest-paid players within the Nationwide Soccer League along with his new contract, which is value a complete of $450 million, according to ESPN, who first reported the deal. The Texas native is projected to earn roughly $2.7 million this year, heading into the fourth of the five-year rookie deal he signed with the Chiefs in 2017.
Steinberg Sports activities & Leisure, who represents Mahomes, didn’t instantly reply to a request for remark.
Mahomes’ projected $450 million deal will tie the biggest contract in sports activities. Boxer Floyd Mayweather beforehand agreed to his personal projected $450 fight deal with Showtime, in line with Forbes. Final March, Los Angeles Angels outfielder Mike Trout additionally agreed to a contract worth more than $400 million.
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In February, Mahomes grew to become the youngest quarterback to win Tremendous Bowl MVP honors after main the Chiefs to fourth quarter rally to beat the San Francisco 49ers, 31-20 in Tremendous Bowl LIV. Mahomes additionally unseat Tom Brady, previously of the New England Patriots and now with the Tampa Bay Buccaneers, because the NFL merchandise king.
“I need to have a legacy,” Mahomes informed CNBC in an interview after his Tremendous Bowl win. “However I perceive how a lot arduous work it may take.”
Steve Scebelo, interim president of NFL Gamers, the licensing and advertising arm of the Nationwide Soccer League Gamers Affiliation, mentioned Mahomes’ assist exterior the Kansas Metropolis market helped contributed to a rise in gross sales for merchandise that includes the previous Texas Tech College standout.
“The success off the sphere and the management,” Scebelo mentioned. “He comes throughout as any person followers can root for. Starring within the State Farm advertisements, you possibly can see a number of the character come by means of, and he is simply somebody followers really feel they’ll join with they usually need to root for.”
In addition to deals with Oakley, State Farm, Adidas, and Procter and Gamble, Mahomes additionally has native endorsements with Kansas Metropolis companies reminiscent of CommunityAmerica Credit Union and the personal jet firm Airshare, a deal Mahomes secured in 2018.
“His worth as an endorser has gone up considerably within the final two years,” mentioned Scott Rosner, the tutorial director of the sports activities administration program at Columbia College. “Not solely has his worth gone up, however he has the flexibility to place himself in plenty of alternative ways from a branding perspective.”
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