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Patrick Mahomes contract: Chiefs sign QB to 10-year extension, reportedly the richest in sports history

first_imgThere’s no quarterback like Patrick Mahomes, and now there’s no contract like his, either.The Kansas City signal-caller, fresh off a miraculous Super Bowl run and a year removed from being named NFL MVP, has agreed to a 10-year contract extension with the club. The deal was first reported by ESPN’s Adam Schefter. We have signed QB Patrick Mahomes to a 10 year extension. Mahomes secured with Chiefs for the next 12 seasons. pic.twitter.com/ZsADdVkvxZ— Kansas City Chiefs (@Chiefs) July 6, 2020Here to stay. . .! ⏰⏰ pic.twitter.com/mfwMga3Kl0— Patrick Mahomes II (@PatrickMahomes) July 6, 2020The sides had a mutual desire to get a long-term deal done, and they expressed it after the Chiefs exercised the fifth-year option on Mahomes’ rookie contract last April. The option for the 2021 season was worth an estimated $25 million.MORE: Here are the NFL’s highest-paid quarterbacksIn two years as Kansas City’s No. 1 signal-caller, the Texas Tech product has thrown 76 touchdowns, including a rookie-record 50 in his first full season in 2018. Mahomes missed time in 2019 with an injured knee but still threw 26 touchdowns to just five interceptions, and Kansas city was 11-3 in games he started. Chiefs and QB Patrick Mahomes have reached agreement on a 10-year — 10-year! — contract extension that ties him to Kansas City through the 2031 season, league sources tell ESPN.— Adam Schefter (@AdamSchefter) July 6, 2020The pact reportedly is worth a maximum of $503 million, which would make this the richest contract in North American sports history in terms of overall dollars. Mike Trout’s 12-year, $426 million extension with MLB’s Los Angeles Angels had led the list. The #Chiefs and QB Patrick Mahomes have agreed to terms on a 10-year extension worth $503 million, sources tell me and @TomPelissero. He gets $477M in guarantee mechanisms and gives the ability for Mahomes to have outs if the guarantee mechanisms aren’t exercised. No trade clause— Ian Rapoport (@RapSheet) July 6, 2020Final Patrick Mahomes’ deal:10-year extension worth up to $503 million.It includes $477 in guarantee mechanisms and the ability for Mahomes to have outs if guarantee mechanisms aren’t exercised.Mahomes was represented on the deal by @chriscabott and @leighsteinberg.— Adam Schefter (@AdamSchefter) July 6, 2020ProFootballTalk.com reported Mahomes’ contract breaks down this way:$10 million signing bonus.$124.7 million in base salaries.$337.2 million in roster bonuses.$5.6 million in workout bonuses.$25 million in incentives.Now that KC has announced the agreement, Mahomes is in a position to stay in a Chiefs uniform for the next 12 years.last_img read more

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PNG trailing half time in women’s basketball

first_imgTahiti took the lead in the first quarter 21-15.PNG struggled in the second quarter, going up against a strong defence from Tahiti.Tahiti maintained their lead and were 20 points ahead at four minutes to full time.Despite support from the home crowd that put a lot of pressure on the visitors, the Marca  Muri to  45-25.last_img

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Water network, hinterland airstrip development projects proposed

first_imgUK multibillion grantThe Government of Guyana has submitted two project proposals to the Caribbean Development Bank (CDB) as part of the newly-established United Kingdom Caribbean Infrastructure Fund (UKCIF), from which Guyana will be benefiting from some $16 billion in grant resources.During a visit to Jamaica last year, British Prime Minister David Cameron announced the launch of the £300 million fund as part of the country’s commitment to reinvigorating the relationship between the UK and Caribbean countries.The UKCIF is an ambitious investment undertaken by the UK to provide grant funding to improve or create new infrastructures such as roads, bridges and ports to help drive economic growth and development in nine Commonwealth countries across the Region. However, the UK Government has designated the CDB to work along with the beneficiary states to design, develop and implement the programme.In April, Finance Minister Winston Jordan along with Public Infrastructure Minister David Patterson and Communities Minister Ronald Bulkan met with British High Commissioner Gregory Quinn and representatives of the CDB and the Department for International Development (DFID) to discuss Guyana’s proposed infrastructural projects.Government had identified and submitted project proposals for six major infrastructure development programmes. These included: improved road networks, bridges, stellings and waterfronts; rehabilitation of airstrips, reliable access to potable water and reduced energy costs as well as to tackle the environmental and health risks associated with the improper disposal of waste.Speaking with media operatives on Tuesday, High Commissioner Quinn disclosed that two of the six projects – one on the water network and another on hinterland airstrip development – were submitted to the CDB for assessment. Only those projects that are assessed to be critical drivers of economic growth and able to deliver an Economic Rate of Return of at least 12 per cent or similar qualitative benefits will be approved for financing.However, Quinn noted that while the projects were actively under consideration, the process would be a lengthy one for both the CDB and the UK especially since the latter only has a staff of four within the CDB to access the project bids.“So we are talking about probably months before a final decision is taken to allow things to start. So, we start (Wednesday) and it will be a while for assessment, because they’ve got to do various environmental assessments etc,” the British High Commissioner stated.While much information has not been disclosed on the two projects submitted for funding, the water supply network project seeks to improve the network of potable water in the country and the hinterland airstrip development will see improved access to hard-to-reach areas.President David Granger has been pushing hinterland development, highlighting the discouraging geographic inequalities between the coastland and the hinterland, and urban and rural communities.“The hinterland, despite its endowment, remains underdeveloped plagued by poor infrastructure and environmental hazards. The disparities in development and in households between hinterland and coastland must be removed if we are to become a more equal nation,” the Guyanese Head of State outlined in his address to the National Assembly last month.last_img read more

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State flex-fuel program takes odd turns

first_imgThe flex-fuel vehicles run on the same unleaded fuel as most every other car does, including the cars they replaced, ostensibly as part of an effort to clean up the environment. When this story first broke in July, we chalked it up to political cynicism: The governor’s staff authorized the $17 million purchase to bolster their eco bona-fides, even though the actual benefit to the environment was nil. But now it seems the motivations were even more duplicitous than that. In an apparent violation of state law, internal documents show that California officials agreed to buy the “flex-fuel” vehicles from General Motors a full month before any bid was ever issued. The deal began with a pilot program, in which the state purchased 50 to 100 vehicles, with no other company allowed to make a bid. Well, what do you know? It turns out the Schwarzenegger administrations’s purchase of some 1,300 flex-fuel vehicles really was a “green” policy after all. That’s “green” as in the color of money. Although the fleet can run on ethanol, it doesn’t. Until this month, there has only been one ethanol fueling station in all of California, and it’s down in San Diego, far away from where most of the cars reside in Sacramento. And even that station has never once fueled a state car. Then, later, when the state sought to buy the remaining 1,200 or so vehicles, other automakers were allowed to bid, but only GM had received the necessary certification to compete. And why was that? Well, because other automakers thought California was still abiding by a 2002 state policy that prohibited the purchase of flex-fuel vehicles, seeing the difficulties of getting the green fuel for them. The high-grade ethanol needed for these cars has never been widely available in the state. It wasn’t until this month that an ethanol pump was installed in Sacramento. But the Schwarzenegger administration had overturned that policy in 2005, much to the delight of GM. Now State Sen. Dean Florez, D-Bakersfield, is investigating whether Schwarzenegger’s relationship with GM gave the automaker an unfair advantage in obtaining the state bid for flex-fuels. Schwarzenegger just so happens to have once been the spokesman for GM’s Hummer. The company has also given millions to his charitable and political causes. Of course, that could just be a coincidence. But seeing that the state didn’t buy those cars for environmental reasons, that seems unlikely. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

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