Sports

Patrick Mahomes signed a $503 million deal and even LeBron James is asking for a loan

Patrick Mahomes
Patrick Mahomes has secured the bag. Jay Biggerstaff-USA TODAY Sports
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Patrick Mahomes has secured his future.

On Monday, the reigning Super Bowl MVP signed on for a 10-year contract extension with the Kansas City Chiefs that will keep him under team control through the 2031 season.

While the numbers will undoubtedly change as the seasons go on, the deal Mahomes signed is worth up to $503 million — the biggest contract in the history of sports. When the deal was done, all Mahomes could do is laugh.

 

Mahomes earned congratulations from athletes across the sports world. His contract was so impressive, even LeBron James was asking him to spot him a fiver over Instagram.

 

Other athletes quickly joined in on the fun, with Atlanta Hawks guard Trae Young promising to put his tab on Mahomes' bill the next time they were out together.

Mahomes' teammate Mecole Hardman joked about what the contract meant for him in the upcoming season.

And plenty more athletes simply reached out to congratulate Mahomes on his historic deal.

Mahomes has been nothing short of magnificent through two seasons as the Chiefs starting quarterback, winning NFL MVP in 2018, and then leading Kansas City to its first Super Bowl in 50 years this past February.

With his new deal in place, Mahomes and the Chiefs are well-positioned to make a run at becoming the next great NFL dynasty.

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Tyler Lauletta is a sports reporter for Business Insider covering everything from the latest in NFL trades to the NBA playoff race to that weird rugby highlight you don't quite understand but know to be impressive. Hailing from Philadelphia, he is a known Truster of The Process. He graduated from Temple University. You can contact him at tlauletta@jkmperu.com with your questions, pitches, or if you ever feel like gloating after your favorite team beat the Philadelphia 76ers.