No, Patrick Mahomes Didn’t Actually Sign the “Richest Contract in Sports History”

In Tuesday’s Hot Clicks: The hype behind the Patrick Mahomes contract, a baseball player’s nasty alternative to licking his fingers and more.
Author:
Publish date:

Patrick Mahomes got PAID but don’t get carried away

Patrick Mahomes is going to be a Chief for a long, long time after signing a contract extension that tacks an extra 10 years onto the two years remaining on his current deal. It’s a no-brainer for Kansas City to lock up the most talented quarterback of his generation and a great opportunity for Mahomes to cash in after tearing the league up for two years. 

The contract came with all sorts of breathless media coverage because the maximum amount of money Mahomes could earn is north of $500 million. Adam Schefter touted the contract’s alleged status as the richest in sports history, which is what Mahomes’s agent, Leigh Steinberg also tweeted. But you should take that with a grain of salt.

What’s Mahomes got to do to make all that money? Just trigger $477 million worth of “guarantee mechanisms.” What are those? Beats me! I can never, in all my years of following the NFL, remember hearing the phrase “guarantee mechanisms.” Even Pro Football Talk’s Mike Florio referred to the mystical phrase as “whatever those are.”

If you know anything about NFL contracts and you’re not in the business of carrying the water for agents, you know that the chances of Mahomes seeing that full $503 million are miniscule. As with any NFL contract, there are ways for the Chiefs to get out of it if Mahomes underperforms on the back end. Florio called it “a pay-as-you-go deal for the Chiefs.”

Conor Orr wrote something better than I could about what the Mahomes numbers mean but what really sticks in my mind is hype about the BIGGEST CONTRACT IN PRO SPORTS.

Mahomes is only really guaranteed $63 million at signing and $140 million in the event of a catastrophic injury, which is far shy of what many baseball players are set to earn under their fully guaranteed contracts. 

Mike Trout’s record-setting contract with the Angels is a 12-year deal worth $426.5 million. He’ll make a little less now that players were forced to take pay cuts for this shortened season but the rest of the money is fully guaranteed unless he retires. The only “guarantee mechanism” was putting pen to paper. Mahomes will almost definitely make more than the $140 million injury guarantee but that number is on par with what Jacob deGrom, Eric Hosmer and Patrick Corbin are set to make. If you’re not a big baseball fan, you probably don’t even know what teams those guys play for. 

If there’s anybody who should be signing the biggest contract in NFL history, it’s 24-year-old quarterback who’s already won an MVP and a Super Bowl in two years as a starter. If Mahomes performs like we expect him to over the next 12 years, $500 million is more than fair. To put that in perspective, though, that would be double what the NFL’s all-time leader in career earnings, Eli Manning, earned over 16 seasons ($252 million). Congratulations to Mahomes on finally being able to get a pay raise, but his contract should be a reminder of just how hard it is for NFL players to get paid what they’re worth. 

The best of SI

How wrestlers settle on their ring names. ... Top breakout candidates to watch during the NBA’s restart. ... Christian Pulisic is on a tear for Chelsea, drawing comparisons to Eden Hazard.

Around the sports world

The Patriots, operating under the delusion that fans will be at their games this year, are offering free parking. ... A liquor store employee in Kansas City got the scoop on the Patrick Mahomes extension. ... How former NFL offensive linemen ditch their 10,000-calorie diets to transition to retirement.

Mahomes came out with a hype video after signing

Baseball might be the grossest sport

At least the rat trap was empty

This is just disrespectful

Maybe the stupidest concept for an article I’ve ever seen

Hey, look. A fan in the stands

Some tremendous facial expressions here

Not sports

Reading this, it’s not surprising Quibi was such a laughable failure. ... Kanye West’s company got $2 million in funding through the federal government’s pandemic relief plan.

Sony made an AC unit you can wear on your neck

These guys are terrifying

Like a Renaissance painting

A good song

Ennio Morricone, the legendary Italian composer whose track from The Good, the Bad and the Ugly was sampled for this song, died yesterday.

Email dan.gartland@si.com with any feedback or follow me on Twitter for approximately one half-decent baseball joke per week. Bookmark this page to see previous editions of Hot Clicks and find the newest edition every day. By popular request I’ve made a Spotify playlist of the music featured here. Visit our Extra Mustard page throughout each day for more offbeat sports stories.