World`s Largest Sports Contract

Patrick Mahomes won the NFL MVP Award in 2018. The following season, he won the Super Bowl and the Super Bowl MVP title. Unsurprisingly, these achievements have led the Kansas City Chiefs EXTREMELY eager to retain their 24-year-old star QB for the long term. Initial forecasts assumed that its expansion would exceed $250 million. This preaching was true in the end, but it was also incredibly false. On July 6, 2020, it was announced that Patrick had signed a $503 million, $10 million contract with the Chiefs. It is the first professional sports contract to cross the half-billion mark. In 2019, the outfielder struck a deal with the Philadelphia Phillies, who awarded him a 13-year, $330 million contract, according to the AP. Harper received a $20 million signing bonus and a full no-trade provision in his then-record contract.

The three-time star pitcher played four seasons for the Pirates from 2013 to 2017, then two seasons for the Houston Astros from 2018 to 2019. Prior to the 2020 season, Gerrit signed a monster 9-year, $324 million contract with the Yankees. Cabrera`s contract is a little different from some of the others on this list, as it went into effect after passing its peak. In 2014, the Tigers offered their star first baseman an eight-year extension starting in 2016. Cabrera was 33 years old when the transaction began, and he will be in his forties when it ends. Injuries are also a risk – Cabrera spent most of 2017 playing with two herniated discs in his back, playing just 38 games last season due to thigh and bicep injuries. The most glaring discovery is that baseball still has the game of money. Eight of the 10 biggest contracts in the sport are owned by MLB players, of whom Trout is the highest paid, whose 12-year contract was the first to surpass Canelo Álvarez`s $365 million booty. Giancarlo Stanton`s 13-year contract with the Miami Marlins in 2014 had already put him at the top of the MLB list, but Bryce Harper and Trout have since eclipsed Stanton`s $325 million mark. The contract also provides for a $140 million breach guarantee. So if he had an injury on the first day of his first season that ended his career, he would still earn $140 million. Today`s best players don`t have to worry about having a part-time job during the offseason.

Once-unknown nine-figure contracts are now the norm for the biggest stars in the sport. Some of the largest contracts span a dozen years or more. Other athletes collect much faster and collect immeasurable wealth in just over two years. And that`s the bare minimum he`ll earn by 2031, according to ESPN. Assuming the NFL`s salary cap ends up rising in the years following the COVID-19 pandemic, Mahomes could easily pocket millions more, making him easily the highest-paid player in American football history — and an outlier given that so many of the sport`s biggest revenues play baseball. All of this says a lot about Mahomes` unprecedented 10-year extension with K.C. Because while there are no other NFL players represented here (Matt Ryan, with the Atlanta Falcons, comes closest to a $150 million deal), Mahomes not only has the highest total value after his lucrative contract. His average annual salary is also likely to top the list, making him the highest-paid athlete in terms of total money and annual income.

A-Rod decided not to sign his current contract in 2007 to sign a 10-year, $275 million extension with the New York Yankees. The end of Rodriguez`s career was overshadowed by injuries and scandals. And throughout his time, he has been a polarizing figure in New York, especially alongside his hometown hero, Derek Jeter. But Rodriguez picked up his only World Series ring during that contract and helped the Yankees beat the Phillies in 2009. It was the franchise`s last World Series victory. Fun fact: Alex Rodriguez has TWO record contracts on the list below. The first record-breaking contract A-Rod signed in 2000 when he signed a 10-year, $252 million contract with the Texas Rangers. One of Alex`s Rangers teammates at the time was Patrick Mahomes Sr., a pitcher. Patrick Jr. would have been about six years old at the time.

Imagine telling that six-year-old (and his father) that in almost exactly 20 years, you`ll be signing a contract twice as valuable as A-Rod`s. The New York Yankees caught the free agent pitcher of the time in 2019 on a nine-year contract worth $324 million, according to CNBC. Cole`s historic contract makes him the highest-paid pitcher in baseball history. Prior to the 2014 season, Cano signed this contract with the Mariners. He turned down a seven-year, $175 million contract to stay with the Yankees. Cano made three All-Star appearances in five seasons with the Mariners, but was suspended for 80 games last year for using performance-enhancing drugs. The Mariners traded him to the Mets this offseason. Cano quickly hit a home run on his first at-bat with his new team. .