ST. JOSEPH, Mo. (AP) — The Kansas City Chiefs and defensive end George Karlaftis agreed to a four-year, $93 million contract that includes $62 million guaranteed, a person familiar with the negotiations told The Associated Press on Sunday, keeping one of the best young players on the roster through the 2030 season.
The person spoke on condition of anonymity because the deal, which was agreed to the same day that the players reported to training camp at Missouri Western State University, is still pending a physical.
“He's a heck of a player and he's done a great job here, and he's profiting from that,” Chiefs coach Andy Reid said. “And our team has profited from him being around. So it's a win-win.”
It is the second high-profile contract that Chiefs general manager Brett Veach has finished in the past week. The Chiefs signed Pro Bowl right guard Trey Smith to a four-year, $94 million extension on Tuesday, setting the market for his position.
Karlaftis, the second of two first-round picks by the Chiefs in the 2022 draft, has started 44 of his 49 regular-season games for them. His best season came two years ago, when he had 10 1/2 sacks while starting every game, while he had eight sacks in 16 games last season, helping the Chiefs to reach a third consecutive Super Bowl.
Karlaftis has rings from the first two of them. The Chiefs lost to the Eagles in their latest Super Bowl in February.
“I mean, he's always been a consistent player. Always a relentless player,” Reid said. “You know what you're going to get with George. He's smart. Relentless. You can trust him. You can trust that he's going to be there and do the right things.”
Karlaftis is the first of a heralded 2022 draft class in Kansas City to sign a new contract, though he's not expected to be the last.
The Chiefs are interested in signing their initial first-round pick that year, Trent McDuffie, to a long-term deal. The cornerback was a first-team All-Pro two years ago and a second-team pick last year, and he has emerged as not only one of the premier slot defenders in the NFL but a versatile, capable defensive back who can player just about anywhere on the team.
What could complicate the negotiations is the fact that the Jets recently signed cornerback Sauce Gardner to a record-setting four-year, $120.4 million extension. McDuffie is likely to demand a contract that meets or potentially exceeds that deal.
“The tough job is to juggle all that, the financial part of it,” Reid said, “but we love having that. Continuity is a big thing with your young players. Veach has done a real nice job with his group in the drafts, so you sort all of that out.”
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FILE - Kansas City Chiefs defensive end George Karlaftis celebrates a sack against the Houston Texans during the second half of an NFL football divisional playoff game, Saturday, Jan. 18, 2025, in Kansas City, Mo. (AP Photo/Reed Hoffmann, File)
NEW YORK (AP) — Stocks rose in afternoon trading on Wall Street Friday and pushed several major indexes toward weekly gains.
The S&P 500 jumped 0.9%, adding to gains made on Thursday. The index is now on track for a weekly gain.
The Dow Jones Industrial Average rose 256 points, or 0.5%, as of 2:59 p.m. Eastern. The Nasdaq jumped 1.2% and is now also on track for a weekly gain.
Technology stocks with a focus on artificial intelligence once again led the market. Nvidia jumped 3.5% and Broadcom rose 1.9%.
The sector has been the driving force for Wall Street throughout the year as companies with outsized values like Nvidia exert more pressure on markets. Those pricey stock values have come under more scrutiny from investors wondering whether they are justifiable.
Oracle rose 7.3% on news that it, along with two other investors, had signed agreements to form a new TikTok U.S. joint ventur e. Oracle, Silver Lake and MGX each get a 15% share in the popular social video platform, ensuring that it can continue operating in the U.S.
Company earnings and how companies are performing amid tariffs and inflation were a key focus for Wall Street.
Nike slumped 10.6%, as the impact from tariffs overshadowed an otherwise strong quarterly profit report. Frozen potato maker Lamb Weston fell 25%, despite also beating Wall Street's profit and revenue forecasts.
Winnebago Industries jumped 8.4% after turning in profits and revenue for its latest quarter that easily beat analysts’ estimates.
Homebuilders dropped following a report showing that home sales slowed from a year earlier for the first time since May. Lennar lost 1% and KB Home fell 8.3%.
A survey from the University of Michigan showed that consumer sentiment in December improved slightly from November, but is deeply diminished from a year ago.
“Despite some signs of improvement to close out the year, sentiment remains nearly 30% below December 2024, as pocketbook issues continue to dominate consumer views of the economy,” wrote Surveys of Consumers Director, Joanne Hsu.
Consumer confidence has been weakening throughout the year as persistent inflation squeezes consumers. The job market is also slowing while retail sales weaken. Business and consumers are also worrying about the continued impact of a wide-ranging U.S.-led trade war that has targeted key partners including China and Canada.
The latest inflation update on Thursday revealed a surprise cooling of prices in November. The Labor Department reported that its consumer price index rose 2.7%. But economists quickly warned that those numbers were suspect because they’d been delayed and likely distorted by the 43-day federal shutdown.
“The wave of economic data did little to provide clarity for investors this week, keeping the market in the trading range it has been in since September,” said. Mark Hackett, chief market strategist at Nationwide, in a note to investors.
Inflation is still above the Federal Reserve's 2% target. The central bank cut its benchmark interest rate at its most recent meeting. It has been concerned about the slowing job market hurting the economy. But cutting interest rates could add more fuel to inflation, which could also stunt economic growth.
The Fed has maintained a cautious stance about interest rate policy heading into 2026 and Wall Street is mostly betting that it will hold steady on rates at its next meeting in January.
Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.15% from 4.11% late Thursday.
Japanese stocks rose after the Bank of Japan raised its benchmark interest rate to its highest level in 30 years. In Tokyo, the Nikkei 225 gained 1%, leading the rise across Asia's key markets. Markets in Europe also gained ground.
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AP Business Writer Matt Ott contributed.
Specialist Glenn Carell, left, and trader Robert Charmak work on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)
Trader Jonathan Mueller works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)
Medline Industries signage is displayed outside the Nasdaq MarketSite, Wednesday, Dec. 17, 2025, in New York. (AP Photo/Yuki Iwamura)
Trader Vincent Vincent Napolitano, surrounded by holiday decorations, works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)
Specialists Alex Weitzman, left, and Meric Greenbaum work on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew)
People walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Dec. 19, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
People stand in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Dec. 19, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
A person walks in front of an electronic stock board showing the market indexes of Shanghai, Tokyo and New York Dow at a securities firm Friday, Dec. 19, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
A person walks in front of a chart showing Japan's Nikkei index at a securities firm Friday, Dec. 19, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
