The Kansas City Chiefs quarterback agreed to a 10-year $426.5M contract extension on Monday, ESPN’s Adam Schefter reported. Financial terms of the agreement were not immediately available.
Mahomes had two years remaining on his contract after the Chiefs exercised his fifth-year option. The extension ties him to the organization through the 2031 season.
At 24, Mahomes has already established himself in the NFL’s elite tier of passers. In his first year as a starter in 2018, he threw for 50 touchdowns and earned NFL MVP honors. Last season, he led the Chiefs to their first title in 50 years and was named Super Bowl LIV MVP.