Travis Kelce loses bet to Patrick Mahomes – what are the terms?

FOX Sports' Peter Schrager joins Colin Cowherd to break down how the Kansas City Chiefs remain undefeated despite losing key players.

Travis Kelce gambled on his own team and lost. 

The star NFL tight end had a wager with his quarterback, Patrick Mahomes, when their respective college teams met Saturday, according to "NFL on CBS" broadcaster Jim Nantz. Texas Tech, where Mahomes played from 2014-16, defeated Cincinnati, where Kelce played from 2006-10. 

"[Kelce] and Mahomes, they have such a friendship and chemistry," Nantz said during the broadcast of the Chiefs' 17-10 win over the Chargers Sunday. "They came in together to meet with us last night.

"They were all excited about going back Saturday evening and watching their two alma maters square off, Texas Tech and Cincinnati, which ended up being an unbelievable game, won by Texas Tech, 44-41. The Bearcats missed a 50-yard field goal — last play the game. Of course, they had a little side wager."

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Kansas City Chiefs quarterback Patrick Mahomes throws the ball in the first quarter against the Los Angeles Chargers at SoFi Stadium. (Kirby Lee/Imagn Images)

According to Nantz, if Cincinnati won, Mahomes would have to wear a Cincinnati jersey and the head of its mascot to his next team press conference. But since Texas Tech won, Kelce now has to wear a Red Raiders jersey and a mascot head during the next episode of his podcast, "New Heights," with his brother, Jason Kelce. 

It won't be the first time Kelce has had to wear a mascot head for the public to see after losing a bet. In October last season, Kelce lost a bet with Chiefs Vice President of Communications Brad Gee. Kelce bet on Cincinnati to beat Gee's Illinois