Patrick Mahomes could get more than $200 million in extension with Chiefs

Patrick Mahomes will be eligible to sign a contract extension with the Kansas City Chiefs after the season, and they are expected to make the star quarterback an offer as soon as league rules allow. Not surprisingly, that offer will likely be the biggest one in football history.

ESPN’s Adam Schefter said on “Get Up!” Thursday morning that he expects the Chiefs to offer Mahomes a new deal worth more than $200 million, which would make him by far the highest-paid player in NFL history.

Patrick Mahomes could sign a new deal "in excess of $200M" this offseason, according to @AdamSchefter. pic.twitter.com/u4N9IC0lNO

— Get Up (@GetUpESPN) September 26, 2019

Schefter went on to speculate that the Chiefs could offer Mahomes more than $200 million over five years, which would be an average annual value of $40 million or more. Russell Wilson is currently the highest-paid player in football with an average annual salary of $35 million, so any new contract for Mahomes is expected to dwarf that number.

And why not? Mahomes set records last season en route to earning his first NFL MVP award. Perhaps more impressive, the 24-year-old has shown no signs of regression through three games this year, as he has already thrown for over 1,000 yards, 10 touchdowns and no interceptions in three games. He leads the NFL with a 134.9 passer rating.

Many teams have swung and missed with drafting quarterbacks in recent years, but the Chiefs hit a home run. Given the way Mahomes has played and the fact that he is capable of doing things we never even thought possible, it makes sense that Kansas City would essentially let him name his price.