Every member of the 2017 quarterback class is under contract.
Kansas City announced Thursday that Mahomes has signed his four-year rookie contract. As is the case with all first-round draft picks, the team will hold an option for a fifth year. It pays out $16.4 million fully guaranteed along with a $10.1 million signing bonus, a source informed of the deal told NFL Network Insider Ian Rapoport.
Kansas City traded a pair of first-round picks as well as a third-round selection for the opportunity to grab Mahomes as the organization's quarterback of the future.
Squarely in contending mode, Andy Reid's outfit boasts the NFL's best regular-season record since the middle of the 2015 season. Barring an unforeseen collapse by the Chiefs' offense, Mahomes will bide his time on the bench for the entirety of the 2017 campaign.