Mellinger says the deal will be unlike any other given Mahomes’ status as one of the brightest young stars in league history and could include new precedents that impact other NFL contract negotiations.
Chiefs owner Clark Hunt previously said the team planned to open talks with Mahomes this summer.
“The negotiations are something we’ll be getting into this summer,” Hunt said. “But what he has said and what we’ve said, both sides, is he wants to be a Kansas City Chief for life, and that’s our mentality as well. We want him to play his entire career in Kansas City, and that’s what we’re going to be shooting for.”
Reports have said that Mahomes could end up becoming the first NFL player to earn $40 million per year once his extension is completed.
The Chiefs officially picked up Mahomes’ fifth-year option last month that is guaranteed for injury only and won’t prevent them from negotiating a contract extension in the coming months. It’s projected to cost them $24,837,000 for the 2021 season.
Mahomes, 24, is a former first-round pick of the Chiefs back in 2017. He is currently in the final year of a four-year, $16.4 million contract which is fully guaranteed and included a $10 million signing bonus.
In 2019, Mahomes appeared in 14 games for the Chiefs and completed 65.9 percent of his passes for 4,031 yards to go along with 26 touchdowns and five interceptions. He has also rushed for 218 yards and two touchdowns.
We’ll have more regarding a new deal for Mahomes as the news is available.