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Adam Schefter Has Major Update On Patrick Mahomes' Future With Chiefs

Patrick Mahomes celebrates a win in Denver.

DENVER, CO - OCTOBER 1: Quarterback Patrick Mahomes #15 of the Kansas City Chiefs celebrates a 27-23 win over the Denver Broncos at Broncos Stadium at Mile High on October 1, 2018 in Denver, Colorado. (Photo by Justin Edmonds/Getty Images)

Kansas City Chiefs star quarterback Patrick Mahomes has set the NFL on its head in his first season as a starter. While Mahomes is only in the second year of his NFL career, the Chiefs are reportedly set to make a massive financial commitment to him.

According to ESPN's Adam Schefter, Kansas City is prepared to offer Mahomes a contract extension after next season, when he is first eligible for one. The reported deal would be a lucrative one.

Per Schefter, Mahomes could become the NFL's first $200 million player.

Issues will have to be addressed -- some surrounding the collective bargaining agreement that would have only two seasons remaining, and some involving the two years that Mahomes would have left on his current contract, including the fifth-year option that Kansas City undoubtedly would exercise.

But when Mahomes likely reworks his contract over a year from now, it is expected to be a record-breaking deal, dwarfing the one that Packers quarterback Aaron Rodgers signed last summer that pays him an annual average of $33.5 million.

Currently, San Francisco 49ers quarterback Jimmy Garoppolo owns the largest overall contract for a quarterback, totaling over $137.5 million.

Mahomes threw for 5,097 yards and 50 touchdowns this season. The 23-year-old from Texas Tech is slowly becoming the face of the league.

We will see this afternoon if he can unseat Tom Brady and the New England Patriots in the AFC Championship Game. Kickoff is set for 6:40 p.m. ET on CBS.

If the Chiefs win, they will earn their first Super Bowl appearance since the 1969 season, when Kansas City won the AFL and took down the NFL champion Minnesota Vikings in Super Bowl IV.