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Patrick Mahomes secured his long-term future with the Kansas City Chiefs by signing a 10-year contract extension worth $477 million (that could be worth up to $503 million when including potential bonuses) during the 2020 offseason.

Obviously, the extension has changed his life off the field in many ways — maybe he can even buy some higher-end ketchup now. But during an interview in January 2021, he revealed the best purchase he made after signing the historic deal.

Patrick Mahomes reveals his best purchase since inking his huge contract

Mahomes effectively secured life-changing, generational wealth with his historic deal. And as expected, the two-time Super Bowl MVP splurged a bit after inking the deal. He even bought then-fiancé Brittany Matthews a $200,000 Lamborghini.

During a January 2021 interview on the Dan Patrick Show, Mahomes revealed that the best purchase he made after inking his contract was acquiring a plot of land in Kansas City, Missouri.

“I mean, I bought a car, but that’s super simple,” Mahomes said. “I feel like everyone buys a car. I actually bought a plot of land that I am going to build a house in Kansas City. I figured my contract has a couple of years on there, so I will be here for a little bit.”

Mahomes added that he plans to have half a football field in his backyard to work out with teammates and trainers. He also wants to construct a basketball court and some putting greens.

Patrick Mahomes’ historic contract with Chiefs

After leading the Chiefs to their first Super Bowl win in five decades, Patrick Mahomes needed a new deal.

Although Kansas City downplayed the situation, the team quickly worked out a record-breaking extension with its quarterback. According to ESPN, the two sides agreed to an astounding 10-year extension for $477 million, worth up to $503 million if all incentives are reached.

The contract runs through 2031, with Mahomes receiving $141 million in guaranteed money and roster bonuses due each March. The contract was essentially a 12-year extension, as he still had two years left on his rookie deal when ink met paper.

The then-25-year-old experienced a rapid rise to stardom, and the Chiefs proved fully committed to building around him over the next decade.

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Sportscasting Senior Writer, Content Expert - NBA

Bob Garcia IV

Bob Garcia has spent eight years covering sports professionally, and he joined Sportscasting in 2019. Bob excels at covering the NFL, NBA, and NASCAR for Sportscasting while also working to build knowledge and expertise in other sports, as well. His lifelong passion for sports led to Bob earning a bachelor’s degree in journalism and hitting the hardwood to play basketball in his spare time.

Bob keeps up to date on the latest sports news by reading the work of industry insiders such as Adam Schefter, Ian Rapoport, Adrian Wojnarowski, Dave McMenamin, Todd Archer, Gary Klein, and Brad Turner. His work has appeared previously at ClutchPoints, About.com, and Sports Out West, where he attended games, press conferences, and media events as a Los Angeles Lakers beat reporter for four years.