Mahomes signs $504.75m deal, first NFL $500m player
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- Patrick Mahomes signed a two‑year extension that raises his guaranteed earnings to $504.75 million, tying him to the Kansas City Chiefs through 2033.
- Patrick Mahomes' contract averages $64 million per year from 2027, surpassing the previous NFL record of $60 million per year held by Dak Prescott.
- Patrick Mahomes has led the Chiefs to five Super Bowl appearances and three championships (2020, 2023, 2024), though the team fell short of a three‑peat in 2025 to the Philadelphia Eagles.
- Clark Hunt, Chiefs chief executive, praised Mahomes as a generational talent and a key driver of the franchise’s brand and community impact.
- Patrick Mahomes suffered an ACL tear in his left knee in December last year, a season in which the Chiefs missed the playoffs for the first time since 2014.
Why it matters: The Chiefs lock in a generational quarterback for the next decade, while Mahomes becomes the league’s highest‑paid player, setting a new salary ceiling that could reshape contract negotiations across the NFL. The deal also eclipses the $60 million‑per‑year benchmark set by Dak Prescott, underscoring the Chiefs’ willingness to invest heavily in talent despite Mahomes’ recent ACL injury.
