Feb 4, 2021; Kansas City Chiefs safety Tyrann Mathieu (32) against the Tampa Bay Buccaneers in Super Bowl LV at Raymond James Stadium.  Mark J. Rebilas-USA TODAY Sports

Tyrann Mathieu has just one year to go on his three-year, $42M deal. But, GM Brett Veach says that he hopes to keep the standout safety “for years to come.”

“We will have some work to do, get with him and his agents,” Veach said (Twitter link via Jake Lebahn of WIBW). “He has proven to be a great leader and player and in the community, we hope to have him with this organization for years to come.”

An extension would make lots of sense for the Chiefs. First, it would keep Mathieu in red and white for 2022 and beyond. Also, a new deal could tamp down Mathieu’s sizable cap charge. As it stands, the first-team All-Pro is set to count for $19.7M against the cap in 2021. With the cap set to drop, that would give the Chiefs some much needed capital to work with in March.

Last year, Mathieu notched 62 tackles, six interceptions and nine passes defensed. Mathieu scored his deal during an uncertain period for the safety market, but he’s held up his end of the bargain. And, even though he lost his cool during the Chiefs’ frustrating Super Bowl performance, Veach wants to keep him in the fold for the long run.

More must-reads:

TODAY'S BEST
Stars even series with hard-fought win over Oilers in Game 2
Watch: Sun forward Alyssa Thomas ejected after hard foul on Sky's Angel Reese
Yankees ace takes big step in first rehab stint
Kirk Cousins updates Achilles rehab
Mets rapidly approaching rock bottom with another ugly loss
Rangers rule out depth forward for Game 3 against Panthers
Another heartbreak for Justin Allgaier as Chase Elliott wins Xfinity Series race
NBA Finals path clears for Celtics with devastating Pacers injury update
PGA Tour golfer Grayson Murray dies at 30
Yankees' Hal Steinbrenner under fire over Juan Soto comments
Former NFL first-round pick retires after 'terrifying' health scare
Penguins want to add legendary former player to front office
Rays place outfielder on 10-day injured list
Former NFL QB brutally rips Denver Broncos head coach Sean Payton
Mets' Kodai Senga diagnosed with triceps inflammation, shut down
Watch: Luka Doncic hits game-winning three-pointer as Mavs take 2-0 lead over Wolves
Rangers outlast Panthers in Game 2 to even series
Yankees star Juan Soto has eyebrow-raising comments on upcoming free agency
Bears defender shares advice he gave QB Caleb Williams after 'frustrating' day
NCAA settlement might make college athletics more competitive