Patrick Mahomes contract: Chiefs CEO says extension talks will begin this summer

Patrick Mahomes is not due to hit NFL free agency until 2022, but Chiefs CEO Clark Hunt does not have any intention of allowing that to happen.

The Chiefs exercised their fifth-year option on the star quarterback for 2021, worth $24.8 million, in April. Mahomes, 24, is scheduled to make $2.7 million in the 2020 season ($5.3 million cap hit) as he enters the final year of his original four-year, $16.4 million rookie contract.

Hunt wants to get to work on a new deal soon.

“The negotiations are something that we’ll be getting into this summer,” Hunt said Thursday while participating in a Facebook Live event with Dallas radio station KRLD-FM. “But what (Mahomes) 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.”

Mahomes is the first quarterback in league history to win league and Super Bowl MVP honors before his 25th birthday.

He won the 2018 MVP award in his first season as a starter and joined Peyton Manning as the only quarterbacks to throw for at least 50 touchdowns and 5,000 yards in a single season.

Mahomes helped rally the Chiefs from double-digit deficits in each of their three playoff wins this past season, including a 31-20 victory over the 49ers in Super Bowl 54 last February.

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