The face of boxing, PSG’s world-record superstar and SEVEN Major League Baseball stars… Patrick Mahomes signed the biggest contract in history this week worth $503m, but who has followed him in signing the most lucrative deals in sport?
- Kansas City’s NFL star Patrick Mahomes signed a deal worth $503m on Monday
- The quarterback’s lucrative contract makes it the biggest in the history of sport
- There have been a number of massive deals signed by boxing and baseball stars
- Here, Sportsmail reveals the top 10 largest sporting contracts of all time
Patrick Mahomes made history as he signed new 10-year extension with Kansas City Chiefs as he is set to pocket an eye-watering $503million (£403m) – the biggest contract in the history of professional sport.
In this day and age sportsmen can command incredible sums of money with the teams they play for, not even including their lucrative sponsorship deals, and Mahomes, the Chief’s Super Bowl hero, has blown the chasing pack out of the water.
But which sports stars join him in boasting the wealthiest deals of all time? Sportsmail takes a look at the top 10 biggest contracts of all time.
Kansas City Chiefs star Patrick Mahomes has clinched the most lucrative deal in sports history
Patrick Mahomes (NFL)
Team: Kansas City Chiefs
Contract value: $503m (£403m)
On Monday the 24-year-old quarterback signed his massive 10-year extension to commit himself to the American football side until 2031.
His deal is worth an initial $450m with the possibility of increasing his terms to £503m with incentives and works out at $50m a year.
Mahomes said: ‘Chiefs kingdom, you’ve been with me since the beginning – from rookie year. You helped us overcome adversity to become Super Bowl champs and we’re staying together for a long time. We’re chasing a dynasty.’
The quarterback said he was ‘staying for a long time’ after penning terms worth $503million
Chiefs chairman Clark Hunt said it was ‘a significant moment for our franchise’ and praised Mahomes’ ‘dynamic play and infectious personality’.
‘Since he joined the Chiefs just a few years ago, Patrick has developed into one of the most prolific athletes in all of sports,’ Clark said.
‘With his dynamic play and infectious personality, he is one of the most recognised and beloved figures to put on the Chiefs uniform. He’s an extraordinary leader and a credit to the Kansas City community, and I’m delighted that he will be a member of the Chiefs for many years to come.’
Mike Trout (MLB)
Team: Los Angeles Angels
Contract value: $426m (£339m)
Trout held the record this week before being overtaken by Mahomes, but he will still be pretty satisfied with his massive $426m spread across his giant 12-year extension with the Los Angeles Angels.
The baseball star will pick up roughly $35.5m a year after signing the deal in March last year, causing shockwaves across the globe. The 28-year-old was previously taking home around $16m a year.
Trout is an eight-time MLB All-Star, three-time MVP and seven-time winner of the Silver Slugger Award – given to the best offensive player in each position.
Mike Trout collects around $35.5m annually from the 12-year $426m deal he signed in 2019
Canelo Alvarez (Boxing)
Contract value: $365m (£290m)
Alvarez was trumped himself by Trout – when he signed his 11-fight deal with DAZN in 2018 it was the richest deal in sport at the time.
Mexican Canelo, arguably the face of boxing, having conquered four weight divisions, agreed a $365m contract with the streamer.
It was hoped he would bring in hordes of fans in the US and Mexico to their subscription service – which only launched in the same year.
Four-weight champion Canelo Alvarez signed an 11-fight deal with DAZN in 2018 worth £290m
It took over as the home of boxing from HBO, which stopped televising boxing in September 2018 after 45 years.
‘I am humbled to be selected to lead this new vision for the sport of boxing, which without doubt will be for the benefit of the fans,’ he said after the announcement of his deal with DAZN.
Contract value: $350m (£278m)
The Brazilian superstar is not only the most expensive transfer in football, he also has the biggest contract. According to Forbes, the five-year deal he signed with Paris Saint-Germain in 2017 is worth $350million and runs until 2022.
PSG snapped up Neymar from Barcelona for £198m , and the French champions – owned by Qatar Sports Investments – certainly have no problem splashing the cash as they were able to pay the Spanish giants the transfer fee in full.
Neymar is worth around $95.5m, ranked number four in the highest-paid sportsmen in the world.
Neymar, who joined PSG for a world record fee of £198m, is on a five-year deal worth $350m
Bryce Harper (MLB)
Team: Philadelphia Phillies
Contract value: $330m (£262m)
And here is where the domination of baseball players begins. Harper signed on with the Phillies for a massive 13 years in March 2019, landing around $25.3m annually and putting his name among the elite.
At the time of signing, it was the largest contract in baseball history – before being gazumped by Trout a month later.
While there were no opt-out clauses in his deal, it does include the possibility of $10.4m in bonuses for the right-fielder across the 13 years.
Right-fielder Bryce Harper joined the Phillies in 2019 in a 13-year deal worth $330million
Giancarlo Stanton (MLB)
Team: Miami Marlins
Contract value: $325m (£259m)
In 2014 Stanton became a history maker as he netted his $25m-a-year contract with the Marlins, that, like Harper, would stretch out for 13 years and giving him the opportunity to opt out after six years.
Jeffrey Loria, then-owner of the Marlins said he was ‘happy for the city’ after Stanton clinched the historic deal.
‘I’m happy for the city, I’m happy for him and I’m thrilled for baseball,’ Loria said.
Giancarlo Stanton signed a historic 13-year contract with the Marlins in 2014 valued at $325m
‘Besides being a terrific athlete, he’s a first-class young man. I’ve loved watching him play, but I love this kid. He’s just a special young man.’
The outfielder didn’t see out the entire contract with the team, however. In December 2017 he joined the New York Yankees, where he has remained ever since.
Gerrit Cole (MLB)
Team: New York Yankees
Contract value: $324m (£258m)
The free agent pitcher was snapped up by the New York side in December 2019 in a $36m-a-year deal for nine seasons. Cole had just left Houston Astros, who had come close to winning their second world series with Cole starring as one of baseball’s most dominant pitchers.
At the time it was the fourth-biggest contract in Major League Baseball history which made him the highest paid pitcher.
Gerrit Cole was snapped up as a free agent by the Yankees, who gave him a $324m contract
When asked why the Yankees had spent so much on Cole, manager Aaron Boone said: ‘Obviously, when you are talking about a player at the level of Gerrit Cole, in a lot of ways that’s a game-changing type talent.
‘This is a guy that’s really hungry, really driven.’
Manny Machado (MLB)
Team: San Diego Padres
Contract value: $300m (£238m)
Machado was signed as a free agent after leaving the LA Dodgers and agreed a 10-year deal with the Padres worth $300m in Feburary 2019.
Chicago White Sox were believed to be in the running for Machado after a tug-of-war, and vice president Kenny Williams admitted they could not match the $300m offer from the Padres.
Manny Machado was subject of a bidding war in 2019 before the Padres offered him $300m
‘I’m wearing my shades so you can’t see the shock in my eyes,’ he told The Athletic.
‘That level [$300m] wasn’t feasible to us because we still have to project putting together a total winning roster and keeping the young players that will ultimately earn into greater dollars themselves.’
Nolan Arenado (MLB)
Team: Colorado Rockies
Contract value: $260m (£207m)
Arenado signed an eight-year extension with the Rockies in 2019, netting him $32.5m annually.
It was the biggest contract in Rockies history – surpassing the $157m extension given to Troy Tulowitzki in 2010.
Arenado was drafted by the team in 2009 before making his debut in 2013. In that time he has become a five-time MLB All-Star and a seven-time golden glove winner.
Nolan Arenado, drafted by the Rockies in 2009, extended his deal by eight years for $260m
Miguel Cabrera (MLB)
Team: Detroit Tigers
Contract value: $248m (£197m)
In 2014 the Venezuelan-born first baseman vowed to finish his career at the Tigers after extending his contract by eight years in a $248m deal that would keep commit his future until 2023.
He was traded by the Miami Marlins in 2007 and was rewarded with a new contract after three batting titles, two MVP Awards and a Triple Crown.
Speaking after putting pen to paper on his contract, he said: ‘I want to finish my career here. I want to be a Tiger for many years to come. I have a big responsibility here, I want to work hard and get better and help my team to win games and win a championship.’
Up until now he has been true to his word, with Cabrera, now 37, still at the Tigers with three years left on that deal.
Miguel Cabrera vowed to stay at the Detroit Tigers for life after signing his $248m deal in 2014
The best of the rest
Baseball might be the big players when it comes to the priciest contracts, but playing in the NBA isn’t the worse proposition for a player, with James Harden of the Houston Rockets currently on the biggest contract in the sport. His deal sees him rake in $228m (£181m) over six years.
We know that footballers can earn ridiculous money as some of the richest teams in the world continually splash out crazy sums.
While the likes of Cristiano Ronaldo ($105m a year) and Lionel Messi ($104m a year) are two of the highest paid players, the value of their contracts haven’t been officially confirmed.
Houston Rockets star James Harden currently boasts the biggest contract in basketball
Gareth Bale signed a $146m deal with Real Madrid in 2013 before extending it until 2022
Gareth Bale, meanwhile, signed a six-year deal with Real Madrid in 2013 after joining from Tottenham that was worth $146m (£116m) – earning him around $24m (£19m) a year, one of the most lucratives contracts in football at the time.
He has since signed an extension until 2022 worth around $22m (£17m) annually.
In F1, many are aware that Lewis Hamiton is one of the highest-earning stars, earning more than $40m (£32m) a year from his contract with Mercedes, but like Ronaldo and Messi, the full details of his deal aren’t officially known.