The Chiefs are expected to finalize a new contract with star QB Patrick Mahomes this offseason, per Ian Rapoport of the NFL Network (video link). The two sides have not done much work on an extension yet, but the team does expect a new deal to be in place in the coming months.
Rapoport says Kansas City wants to wait until after the first wave of free agency in March, at which point there will hopefully be a new collective bargaining agreement in place. Before giving Mahomes an inevitably record-breaking contract, the Chiefs want to know exactly how that contract will fit into the league’s collective bargaining framework.
We heard last January that Kansas City was planning to extend Mahomes after the 2019 season, and obviously Mahomes has done nothing this season to suggest he is not worthy of a massive new contract. On the contrary, the third-year signal-caller turned in a second straight stellar campaign despite dealing with a sprained ankle and a scary-looking dislocated kneecap. He missed two games this season, but he still threw for 26 TDs against just five interceptions and lifted his team to a first-round bye.
Given his youth and talent, Mahomes may well land the league’s first $200M deal. The Falcons’ Matt Ryan is the current standard-bearer in terms of total contract value ($150M) and fully-guaranteed money ($94,5M), and it seems likely that Mahomes will easily eclipse both of those figures.
The 24-year-old will lead the Chiefs against the Texans in next week’s divisional round.