Mahomes signs record breaking $503 million,10 year extension with Chiefs

first_imgThe Kansas City Chiefs have handed 24-year-old Super Bowl-winning quarterback Patrick Mahomes a contract extension reportedly worth between $US477 million and $US503 million.Those numbers over 10 years are believed to be the biggest contract in the history of professional sport.Mahomes still has two seasons left on his current contract — worth $2.8 million for the 2020 season slated to start in September, and $24.8 million for 2021 — which he signed as a rookie.ESPN reported the new contract was worth at least $US450 million, but with the remaining money on his current deal, plus bonuses tied into the new one, the number could climb over $US500 million ($716 million).That prompted Mahomes’s agency to label its client the “first half billion dollar player in sports history”.The contract extension starts in 2022 when the NFL salary cap is projected to be $227.5 million, but that number could be lower depending on revenue losses due to the coronavirus pandemic and the possibility any games played this season will not have fans.Mahomes will take up a big chunk of Kansas City’s salary cap, about 20 per cent, which could make it difficult for the Chiefs to sign other stars, but general manager Brett Veach said the contract allowed them to ensure Mahomes is not forced to be a one-man team.“We’re going to continue to do everything we can to surround him with talent, and this deal provides us more flexibility to do that,” Veach said.“He’s obviously an integral part to our success and we’re thrilled he’s going to be the quarterback of the Kansas City Chiefs for a long time.”The danger with long contracts in a contact sport is that one bad knock can turn a no-brainer deal into a disastrous albatross.Mahomes dealt with numerous injuries this past season, including a dislocated kneecap on a seemingly innocuous quarterback sneak that left him sidelined for a couple of games.But he came back to lead the Chiefs on a long winning streak that culminated with a series of come-from-behind wins in the playoffs, including their second-half rally in the Super Bowl.ESPN reported the new deal has a $US140 million guarantee in the event of a serious injury and a no-trade clause.None of this takes into account Mahomes’s numerous endorsements, including lucrative deals with Adidas and Oakley. Source: abc.netlast_img read more

Taking to the skies

first_imgA Southwest Airlines 737 makes its final approach to Burbank’s Bob Hope Airport, which has become a popular alternative to LAX. Photo by John McCoy / Staff Photographer It has been so successful that Los Angeles World Airports officials want to create up to eight more FlyAway stations around the county to encourage travelers to use other airports and reduce traffic congestion around LAX. Bob Hope Airport in Burbank – easily accessible to Valley travelers – has become even more popular with an expansion of flights to the East Coast. Southwest – the airport’s biggest user – SkyWest and JetBlue airlines carried more than 5.5 million passengers through Burbank in 2005. Although city-owned Palmdale Regional Airport is capable of handling 300,000 passengers a year, major commercial airlines have resisted flying out of the Antelope Valley, saying it is too far from Los Angeles to attract passengers. However, lawmakers are pushing a plan to regionalize Los Angeles’ airports, reviving hopes that Palmdale could become a viable option for Southern California travelers.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Already one of the world’s five busiest airports, Los Angeles International Airport is preparing for a new age of bigger jets – and coping with increased security threats – with a $4 billion makeover negotiated by Mayor Antonio Villaraigosa. The renovation deal resolved lawsuits over a larger modernization plan and includes plans to lengthen and separate runways that can accommodate new jumbo jets carrying more passengers to and from Southern California’s landmark airport. At the same time, passenger traffic at the airport will be limited to 79.8 million a year. Debate on other elements of the plan remains open, including creation of an off-site terminal where all passengers and baggage would be processed.center_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MORE‘Mame,’ ‘Hello, Dolly!’ composer Jerry Herman dies at 88 Other local airports are also making provisions for growth. Van Nuys Airport, in the heart of the San Fernando Valley and ranked as the world’s busiest general-aviation airport, is wrestling with a master plan that could open it to more business from corporate jets. At the Van Nuys FlyAway terminal, a badly needed expansion will add 800 parking spots to the lot at Woodley Avenue and Saticoy Street. The FlyAway opened in 1975, and runs an average of 102 buses a day between Van Nuys and LAX. Some 750,000 passengers a year travel from Van Nuys to LAX, paying $6 for a round-trip ticket and $4 a day to park. There was some controversy over construction work on the Van Nuys FlyAway, which officials say was resolved.last_img read more