The Kansas City Chiefs have reached an agreement with star tight end Travis Kelce on a significant contract extension, according to reports. The deal, which spans two years, replaces Kelce's previous contract and includes a substantial pay raise.

At 34 years old, Kelce was set to earn $30.25 million over the remaining two years of his old contract. However, the new agreement sees him receive an additional $34.25 million, along with guaranteed money of $17 million in 2024. With an average annual value of $17.125 million over the next two seasons, Kelce now stands as the league's highest-paid tight end, as confirmed by Sports Illustrated.

Kelce's contract extension ensures his presence on the Chiefs' roster until the age of 36, potentially allowing him to complete his entire career with the team. This news delighted Chiefs quarterback Patrick Mahomes, who expressed his excitement on social media, stating, "I told y'all I'll never let him leave!! Congrats my guy!" Mahomes' endorsement of Kelce demonstrates the vital role the tight end plays in Kansas City's offense.

Kelce's impressive performance in the 2023 season undoubtedly played a significant role in securing his lucrative extension. He recorded 93 receptions for 984 yards and five touchdowns in 15 regular-season games, along with contributing 355 yards on 32 receptions and three touchdowns during the Chiefs' successful Super Bowl campaign. His exceptional abilities as a tight end have cemented his reputation as one of the best to ever play the position, earning him three Super Bowl rings, four First Team All-Pro selections, and nine Pro Bowl appearances.

Despite speculation about possible retirement or a potential departure, Kelce put those rumors to rest during the celebrations for his third Lombardi Trophy, affirming that he plans to return for another season. This news reassured Chiefs fans of his commitment to the team and their pursuit of a third consecutive championship.

The Chiefs organization has been proactive in retaining key personnel, with the recent extensions of head coach Andy Reid, general manager Brett Veach, and team president Mark Donovan. These moves demonstrate the team's determination to build upon their success and create a lasting winning culture.

With the dynamic duo of Kelce and Mahomes locked in for another season, the Chiefs are poised to enter the upcoming campaign as top contenders for the Super Bowl. As they strive for a three-peat, the franchise will rely on Kelce's exceptional skills and leadership on the field.

Meanwhile, it is worth noting that Kelce's older brother, Jason Kelce, recently announced his retirement from the NFL after a successful career with the Philadelphia Eagles as their star center.

The news article has been updated for accuracy, correcting any previous mischaracterization of Kelce's contract details. As the Chiefs look to solidify their dominance in the NFL, Kelce's extension provides stability and reassurance for the team's pursuit of further success.