Schefter says that league sources tell him the Chiefs intend to renegotiate Mahomes’ contract as soon as it is eligible, which would be after the 2019 season.
Because Mahomes has showed great talent and the salary cap rises each year, sources believe that his deal will top $200 million in total, making him the first NFL player to reach such lofty financial heights. Of course, what will be more important to Mahomes and the Chiefs will be how the deal is structured and how much money is guaranteed.
The four-year contract extension Aaron Rodgers signed with the Green Bay Packers just before the start of the 2018 season was reportedly worth $134 million, and made Rodgers the NFL’s highest-paid player.
Another report from Ian Rapoport on Sunday morning says that in the coming offseason, the contracts of Tyreek Hill, Chris Jones and Dee Ford will be Chiefs’ top priorities. In order to have the room to make this kind of move with Mahomes after 2019, the Chiefs will have to be careful with those contract situations — and others — in the coming year.
Mahomes is represented by longtime agent Leigh Steinberg — often credited as the inspiration as the sport agent portrayed by Tom Cruise in Jerry Maguire — who has represented NFL clients like Ben Roethlisberger, Troy Aikman, Warren Moon, Steve Young, Bruce Smith and Thurman Thomas in a career that has spanned more than 40 years.