KANSAS CITY, MISSOURI - DECEMBER 30: Quarterback Patrick Mahomes #15 of the Kansas City Chiefs celebrates during the game against the Oakland Raiders at Arrowhead Stadium on December 30, 2018 in Kansas City, Missouri.

Report: Chiefs' Mahomes could sign record deal when eligible in 2020

Jamie Squire / Getty Images Sport / Getty

Patrick Mahomes could be one year away from landing a record-breaking contract.

The Kansas City Chiefs are expected to sign their quarterback to an extension following next season, when he's first eligible, with a deal that could be the NFL's first $200-million contract, sources told ESPN's Adam Schefter.

Schefter adds that issues involving the collective bargaining agreement - which would only have two seasons remaining in 2020 - would have to be addressed, as well as those that involve the final two years that Mahomes would have left on his rookie deal, including a fifth-year option.

Green Bay Packers quarterback Aaron Rodgers is currently the league's highest-paid player after he signed a contract last summer that pays him $33.5 million in average annual value.

Mahomes was stellar in his first year as a starter, emerging as a top MVP candidate. The 2017 first-rounder threw for 5,097 yards and a league-high 50 touchdown passes in 2018.

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